Eyebrows were raised last week when three members of the Federal Reserve Board’s Federal Open Market Committee dissented from the decision to keep interest rates steady as they are through 2013. Deliberations of the FOMC traditionally issue unanimous decisions. One of the dissenters was Richard Fisher, president of the Dallas Federal Reserve Bank. Read More
There has been a great deal of talk in recent years among Washington’s professional politicians about making government more transparent. President Barack Obama famously promised during his 2008 campaign that all deliberations on his landmark Obamacare health reform law would be televised on C-SPAN. When it came time to actually write the law and do the hard bargaining to get it through Congress, however, there were no C-SPAN cameras behind the closed doors where the action was. Read More
A moderate took control over San Francisco’s most influential legislative committee Tuesday, the latest development in the political sea change at City Hall.
Board of Supervisors President David Chiu, re-elected to his post Saturday with the support of the board’s more conservative members, has appointed moderate Supervisor Carmen Chu as chair of the board’s influential Budget and Finance Committee. Read More
House Majority Leader Steny Hoyer, D-Md., just announced that he will move to table a forthcoming GOP resolution that would strip Rep. Charles Rangel of his chairmanship of the House Ways and Means Committee.
Republicans want Rangel to give up the gavel of the powerful tax writing panel while the House ethics committee sorts out whether he violated any rules when he failed to disclose nearly a million dollars in taxes. Read More