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Wednesday, May 22nd

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Army says no to more tanks, but Congress insists

Abram tanksThe Army's hulking Abrams tank was built to dominate the enemy in combat. It's proving equally hard to beat in a budget battle.

Republicans and Democrats joined forces to add $436 million to the military's budget over the past two years for dozens of improved versions of the 70-ton Abrams that Army officials say they don't need.

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Congress sends Obama bill to end airport delays caused by furloughs

air control towerThe House of Representatives on Friday approved and sent to the president legislation intended to end a week of turmoil at several of the nation’s major airports, where the sequestration furlough of air traffic controllers caused long delays for thousands of passengers.

The vote came 16 hours after the bill won unanimous support in the Senate, and the White House said the president would sign it.

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Too-Big-to-Fail Bill Seen as Fix for Dodd-Frank Act’s Flaws

Too big to fail“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.

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Tax-free online shopping nears its end

on-line shoppingThe days of tax-free online shopping could finally be numbered.

The Senate is planning to vote on a bill as soon as Monday that would give states the authority to collect sales taxes on all Internet purchases, handing local governments as much as $11 billion per year in added revenue that they are legally owed — but that hasn’t been paid to them for years.

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House Energy Committee panel passes bill to expedite Keystone XL approval

Keystone XL pipelineA bill to bypass President Obama’s authority to decide the Keystone XL oil sands pipeline’s fate passed a House Energy and Commerce Committee panel on Tuesday.The Northern Route Approval Act (H.R. 3) passed the Energy and Power subcommittee with a 17-9 vote. All Republicans voted in favor of the bill, with Democratic Reps. John Barrow (Ga.) and Gene Green (Texas) joining them.

The bill would strip the need for pipeline builder TransCanada Corp. to receive a cross-border permit from the State Department to construct its northern leg, which would stretch into Canada.

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Gun control reform: all but three 'no' senators received pro-gun cash

Senators received NRA moneyAll but three of the 45 senators who torpedoed gun control measures in Congress on Wednesday have received money from firearms lobbyists, according to new analysis by the Guardian and the Sunlight Foundation.

Some, such as Indiana Republican Dan Coats, registered donations from pro-shooting groups as recently as three weeks ago, when the proposal to extend background checks was still seen as likely to pass.

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Former Michele Bachmann aide to testify in ethics probe

Michelle BachmannRep. Michele Bachmann’s former chief of staff is expected to admit that her presidential campaign inappropriately paid an Iowa state senator to work for her, according to a report.

The allegations center on Iowa State Sen. Kent Sorenson. Bachmann’s former chief of staff, Andy Parrish, and another aide, Peter Waldron, will tell an Iowa Senate ethics panel that Bachmann’s campaign hid payments to Sorenson, according to the Minneapolis Star Tribune.

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