This Week in Congress

The House is in session Monday through Thursday before adjourning for the five-week August recess. Last week, only 15 Republicans voted against H.R. 6147, which funds the Department of Interior, the National Endowment on the Arts and the Humanities, the National...

Spending Our Way to a Fiscal Crisis

According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year’s tax cuts, is the reason why the national debt has reached a record 21 trillion dollars, which is more than America’s gross...

Congress Stands Up to CFPB

A rare piece of good news from Congress is that the Financial Services Appropriations bill changes the method for funding the Consumer Financial Protection Bureau (CFPB). The Dodd-Frank bill funded the CFPB through the Federal Reserve. This allowed the CFPB to avoid...