Facebook 'likes' Republicans
October 16th, 2012
08:50 AM ET
2 years ago

Facebook 'likes' Republicans

New York (CNNMoney) - Facebook has spent $140,000 "friending" Republicans this year.

As the social media company prepares to influence policy, Facebook's political action committee has raised a sizable amount of money. It has doled out more to Republicans, $140,000, compared with $127,000 to Democrats through the end of September, according to a CNNMoney review of federal records released Monday.

Watch CNN's coverage of Tuesday's presidential debate starting at 7 p.m. ET on CNN TV, CNN.com and via CNN's apps for iPhone, iPad and Android. Web users can become video editors with a new clip-and-share feature that allows them to share favorite debate moments on Facebook and Twitter. Click here for 13 reasons to watch the debate only on CNN.

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Filed under: Facebook • Mitt Romney
Schumer calls Bowles-Simpson 'trap' for middle class
October 9th, 2012
12:33 PM ET
2 years ago

Schumer calls Bowles-Simpson 'trap' for middle class

Washington (CNNMoney) – Tax loopholes should be closed, and the savings should pay down deficits, not lower taxes for the wealthy, according to Charles Schumer, the No. 3 Senate Democrat from New York.

"It is an alluring prospect to cut taxes on the wealthiest people and somehow still reduce the deficit, but you can't have your cake and eat it, too," Schumer said Tuesday, in a speech at the National Press Club.

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Filed under: 2012 • Charles Schumer • CNNMoney.com • Congress • Senate
Warren, Brown Senate race is priciest
September 25th, 2012
12:56 PM ET
2 years ago

Warren, Brown Senate race is priciest

Washington (CNNMoney) – The $48 million fight for the Senate seat in Massachusetts pitting Harvard University professor Elizabeth Warren against Sen. Scott Brown is now this year's priciest congressional race.

Warren, a Democrat, is the nation's most recognized consumer advocate who helped create the Consumer Financial Protection Bureau.

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Filed under: Elizabeth Warren • Fundraising • Scott Brown
Republicans blame Obama for Fed action
September 13th, 2012
03:19 PM ET
2 years ago

Republicans blame Obama for Fed action

Washington (CNNMoney) - Republicans used the Federal Reserve's announcement of a third round of stimulus to blast President Obama, saying the lackluster economic recovery he's overseen is behind the central bank's "artificial" and "ineffective" move.

Most Republicans, including the campaign of presidential candidate Mitt Romney, used the Fed's move to tout their main campaign message going into the Nov. 6 elections, that Obama's economic stewardship has failed.

FULL STORY

Filed under: Economy • Federal Reserve • Republicans
Wall Street set to break spending records this election
September 5th, 2012
09:45 AM ET
2 years ago

Wall Street set to break spending records this election

WASHINGTON (CNNMoney) – Wall Street is on track to spend more on this election than it ever has during a campaign season.

With two months to go before Nov. 6, Wall Street firms have so far spent $164 million on campaigns and donations to political groups designed to influence the elections, according to the Center for Responsive Politics. That puts the industry on pace to surpass the spending record of $170 million that it set during the 2008 race.

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Filed under: Fundraising • Wall Street
Congress set to extend low student loan rates
June 29th, 2012
08:45 AM ET
2 years ago

Congress set to extend low student loan rates

Washington (CNNMoney) – Congress is expected to vote Friday to extend low 3.4% interest rates on federally subsidized student loans for another year, barely beating a July 1 deadline when the rates would double.

Both the Senate and House were expected to pass the measure.

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Filed under: CNNMoney.com • Congress • Education
Crunch time for Congress on student loans
June 25th, 2012
07:55 AM ET
2 years ago

Crunch time for Congress on student loans

Washington (CNNMoney) - It's crunch time for Congress, with interest rates on student loans subsidized by Uncle Sam slated to double to 6.8% on July 1.

Some 7 million students taking out loans for the next school year will have to dig deeper to pay them off if Congress doesn't halt the increase.

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Filed under: Congress
Clinton: Debt deal should be top campaign issue
May 15th, 2012
01:23 PM ET
2 years ago

Clinton: Debt deal should be top campaign issue

Washington (CNNMoney) – President Bill Clinton on Tuesday said those running for office should make reaching a debt deal the top campaign issue in the fall's elections.

"I think this budget issue should become front and center in this election," Clinton said on Tuesday at a fiscal summit sponsored by the Peter G. Peterson Foundation.

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Filed under: Bill Clinton • Debt
Student loan rates to double if Congress doesn't act
May 8th, 2012
10:24 AM ET
2 years ago

Student loan rates to double if Congress doesn't act

Washington (CNNMoney) - With federal student loan interest rates set to double July 1, the Senate will consider on Tuesday a bill to extend low 3.4% rates for another year.

In Washington, many lawmakers in both parties agree they'd like to extend the current 3.4% rates for another year. What they don't agree on is how to offset the $6 billion it would cost to do so - a substantial hurdle.

FULL STORY

Filed under: Congress
Why your mailman could be retiring
March 27th, 2012
02:52 PM ET
3 years ago

Why your mailman could be retiring

Washington (CNNMoney) - Postmaster General Patrick Donahoe said Tuesday that incentives will be offered to woo some of the 150,000 eligible employees to retire.

"We're going to offer incentives as we move from six to five day delivery," Donahoe told a House hearing on Tuesday. "It's critical to move the head count down."

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Filed under: CNNMoney.com • Congress
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