Congressional Glance
The US House of Representatives has narrowly voted to continue collecting data on US phone calls in the first legislative move on the programme.
In a 217-205 vote, lawmakers rejected an effort to restrict the National Security Agency's (NSA) ability to collect electronic information. The NSA's chief had lobbied strongly against the proposed measure.
The vote saw an unusual coalition of conservatives and liberal Democrats against the programme.
US House votes against NSA limits
Darrell Issa made nearly $60M in 2012
Rep. Darrell Issa made nearly $60 million in 2012, according to a financial disclosure he filed with the House earlier this month.
The California Republican, who earned at least $59.4 million last year, is one of the richest men in Congress. Issa was worth more than $355 million at the end of 2012 — an amount that appears to have jumped roughly $100 million since his last filing.
House GOP defense bill blocks Guantanamo closing
Rebuffing President Barack Obama's latest plea, House Republicans on Monday proposed keeping open the military-run prison at Guantanamo Bay, Cuba, by barring the administration from transferring its terror suspects to the United States or a foreign country such as Yemen.
The provisions dealing with the fate of the remaining 166 prisoners are part of a defense policy bill drafted by Armed Services Committee Chairman Howard P. "Buck" McKeon, R-Calif. The chairman released the bill Monday, two days before Republicans and Democrats on the committee will vote on it.
Banks’ Lobbyists Help in Drafting Financial Bills to Soften Regulations
Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helping to write it themselves.
One bill that sailed through the House Financial Services Committee this month — over the objections of the Treasury Department — was essentially Citigroup’s, according to e-mails reviewed by The New York Times. The bill would exempt broad swathes of trades from new regulation.
'Dramatic decline' warning for plants and animals
More than half of common plant species and a third of animals could see a serious decline in their habitat range because of climate change.
New research suggests that biodiversity around the globe will be significantly impacted if temperatures rise more than 2C. But the scientists say that the losses can be reduced if rapid action is taken to curb greenhouse gases.
The paper is published in the journal, Nature Climate Change.
Too-Big-to-Fail Bill Seen as Fix for Dodd-Frank Act’s Flaws
“Too-big-to-fail” legislation unveiled in Washington today is needed to rein in the biggest U.S. banks because the Dodd-Frank Act has failed to guard taxpayers against future bailouts, the bill’s sponsors said.
The four largest banks -- JPMorgan Chase & Co. (JPM), Bank of America Corp., Citigroup Inc. and Wells Fargo & Co -- “are nearly $2 trillion larger than they were” before getting U.S. aid to help them weather the 2008 credit crisis, Senator Sherrod Brown said in a news conference today.
Congress Saves Busted $380 Million Missile Program the Pentagon Won't Buy
Conservatives are throwing a hissy fit about a few hundred thousand dollars spent on a scientific study about duck sex, but over at the Pentagon, Congress is spending $380 million on a missile program that has no funding authorization, doesn't work, and the Department of Defense doesn't plan on buying.
So why are we still paying for it? Because Germany and Italy are making the US feel awkward, and when you back out of a defense contract, you have to sell your first-born child. Also, jobs.
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