congress

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These Congressmen Want You to Pay for Their Second Home

By , Associate Editor, Money Morning • @DavidGZeiler -

Congress

Times must be tough when you're a member of Congress pulling down $174,000 a year, and you're forced to sleep on a cot in your office because you can't afford an apartment.

Or so our lawmakers would like us to believe. They've started to float an idea that would grant each member a $2,500 per month housing stipend in addition to their fat salary and generous benefits. That extra money, of course, would come straight out of the pockets of taxpayers.

Here's why these spoiled fat cats don't deserve a taxpayer handout...

There's a 94% Chance This Alarming U.S. Trend Wasted Your Vote for Congress

By , Associate Editor, Money Morning • @DavidGZeiler -

wastes your vote

Politicians from both parties make every effort to waste your vote in congressional elections. And they keep getting better at it.

More and more, congressional districts are drawn to ensure either a Republican win or Democratic win. That wastes votes in districts with landslide victories while making it easier for extremist candidates to get elected.

Here's how they do it - and the only way it can be stopped...

Crowd-Watch State of the Union 2015 for These Five Epic Moments

By , Associate Editor, Money Morning • @TaraKateClarke -

State of the Union 2015

U.S. President Barack Obama will address the condition of the nation and outline his legislative agenda in his State of the Union 2015 on Tuesday, Jan. 20.

He will touch on a major tax overhaul, cybersecurity, and economic recovery. But serious issues aside, millions of television viewers watch the address for more than intellectual debate...

They also tune in for a little social experiment. When you round up a heavily fractioned 535 Members of Congress in one room and force them to listen to a speech from our lightning-rod President, it is nigh-guaranteed some antics will occur.

Here are the top five most entertaining things to watch for in the crowd of State of the Union 2015.

2015 State of the Union Address: 7 Topics That Matter to Investors

By , Associate Editor, Money Morning • @KyleAndersonMM -

2015 State of the Union Address

The 2015 State of the Union Address has investors across the country awaiting President Barack Obama's new tax policy, without question the biggest issue tonight. He's looking to raise an additional $320 billion in taxes.

This is the first time President Obama will deliver the speech to a Republican-controlled Congress, so he'll likely hear less applause from Congress than in previous addresses.

Here are the top seven things for investors to watch in the 2015 State of the Union Address...

The Biggest Fallacy of the Keystone Pipeline Approval Fight

By , Associate Editor, Money Morning • @DavidGZeiler -

keystone pipeline

The battle over the Keystone pipeline has become one of the foremost issues in Washington today.

That's the problem.

The great fallacy of the Keystone XL pipeline is that whether it gets built or not is much less important than craven politicians in Washington would have you believe. Both Republicans and Democrats have turned up the rhetoric on the Keystone pipeline mainly to serve selfish political interests.

It's amazing they can keep a straight face when they're saying these things...

Congress Said What?! The Ten Most Baffling Congress Quotes of All Time

By , Staff Writer, Money Morning -

congress quotes

Congress quotes: Nearly all members of Congress raked in salaries of $174,000 per year (not including outside contributions) since 2009, according to a Dec. 30, 2014 report from Congressional Research Service.

But according to popular opinion, these folks don't deserve six-digit compensation...

Public approval of Congress averaged 15% in 2014, and a record low 14% in 2013 according to Gallup.

One reason for such high disapproval of our nation's lawmakers: the things they say...

Here's a look at ten of the most infuriating, baffling, and even amusing quotes by congresspeople that have made America sour on the legislative body...

Congress in 2015: What President Obama Can Expect from the GOP

By , Associate Editor, Money Morning • @DavidGZeiler -

Congress in 2015

The 114th Congress is now in session. U.S. President Barack Obama for the first time faces a Congress that has Republicans running both chambers.

What President Obama can expect from the GOP Congress in 2015 will matter to investors. Many issues on the agenda, such as corporate taxes, trade, and a higher minimum wage will impact stocks.
Given the gridlock of recent years, the easy assumption is that nothing will get done. But the two sides have more incentive to work together in 2015.

Here's look at what will be on Washington's plate this year...

Congress, BNP Paribas, and IRS Give Us New Standards for Outrageousness

By , Chief Investment Strategist, Money Morning • @ShahGilani_TW -

BNP Paribas

Last Thursday, you were all shocked (not) to consider the possibility that members of Congress might be making money by dishing out dirt on legislation they're brewing up, this time to traders who profited from leaky pipes in the Senate or House.

I'm going to tell you what the feds and the courts are trying to do here. I expect a full-on, separation-of-powers battle royale.

Read all the ugly details, in addition to scandals with the IRS and BNP Paribas, here…

Congress Just Played a Trick on American Taxpayers

By , Chief Investment Strategist, Money Morning • @ShahGilani_TW -

After the debacles of 2008, you'd think that Congress would be looking for more ways to restrict Wall Street's excesses. But for some reason, the House just passed a bill that does the exact opposite - it actually reduces restrictions that were put in place to try to prevent a repeat of the nightmares of 2008.

You won't believe why they thought this would be a good idea...