Word: financees
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When West Virginia Senator Jay Rockefeller gave his closing argument on Sept. 29 to the Senate Finance Committee in support of his amendment to create a new government-run health-insurance plan, he sounded amply frustrated. Describing the people of his state, he said they were "out in the cold...
Rockefeller's frustration was apparent not just because his constituents badly need health-care reform - 16% of West Virginians are uninsured - but also because his amendment to the Senate Finance Committee's current health-reform bill was doomed to fail. It was voted down, 15 to 8, with five Democrats...
As chief investment strategist of Legg Mason Capital Management, Michael Mauboussin's job is to understand the world and then make money off of it. What he's found over the years is that investors, like any other group of people, are prone to make mistakes that stem from faulty...
In the wake of revelations that Iran had concealed a secret uranium-enrichment facility near the holy city of Qum, the U.S. began working international back channels to gauge support among its allies for a fresh round of sanctions against Tehran. While the U.S. and U.N. have sanctions in place...
So far, the Senate Finance Committee has shown much more determination than House Democrats in holding the fiscal line. According to the official government accounting, which leaves out most of the systemic changes, the current House bill would moderately grow the deficit over the next 20 years, while the Senate...