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Click here to visit the new home of Politics Daily!So much for the jobs-jobs-jobs agenda. The epidemic unemployment gripping the the country may still be the top priority of the Federal Reserve. But other issues loom larger for the new majority in the House of Representatives, as Fed Chairman Ben Bernanke learned this morning in his first testimony of the year before a committee that has switched hands to Republicans. There was little change in Bernanke's outlook from his recent public comments -- an economy picking up steam, inflation that's tame and stubbornly high unemployment that's unlikely to abate anytime soon -- but his audience in ...
Rep. Paul Ryan, chairman of the House Budget Committee in the new Republican era, is staking out territory as the tough new cop on the beat. In an hour-long session at the National Press Club, Ryan laid down conditions for raising the debt limit. He also said his budget won't include any money for the new health care law and he opposes bailing out states in fiscal crisis. The country's debt is more than $14 trillion and rising, and is expected to bump up against a borrowing ceiling in early spring. Ryan (R-Wis.) said that "obviously we can't default." But he said his party won't vote to raise ...
Members of the House are poised to vote this week to add a major overhaul of the student loan industry to the health care reform bill that the House will vote on this week. Before the House Budget Committee began its mark-up of the health care legislation, Chairman John Spratt (D-S.C.) explained that the 2010 Budget Resolution that passed the House last April instructed the House to pass a reconciliation bill with health care reform and education reforms in one package this year. "It will result,'' he said, "in landmark investments in higher education, making higher education more accessible ...
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