By Linda Feldman
When residents of the District of Columbia voted to legalize recreational use of marijuana last month, cannabis fans cheered. Then they quickly realized that Congress – which has oversight over D.C.’s affairs – could overrule the will of the voters.
Now, it appears, that fear will come true sooner than expected – not in the next Congress, when Republicans will control both chambers, but during the lame duck session currently under way. (more…)
Senate minority leader Mitch McConnell meets with reporters on Capitol Hill in Washington. Photograph: J Scott Applewhite/AP
By Heidi Moore
Congress has agreed to use federal deposit insurance, which was designed to protect the savings accounts of consumers, to cover risky trading by the nation’s biggest banks.
In a small provision in the budget bill, Congress agreed to allow banks to house their trading of swaps and derivatives alongside customer deposits, which are insured by the federal government against losses.
The budget move repeals a portion of the Dodd-Frank financial reform act and, some say, lays the groundwork for future bailouts of banks who make irresponsibly risky trades. (more…)
WASHINGTON, D.C. — Americans’ confidence in Congress has sunk to a new low. Seven percent of Americans say they have “a great deal” or “quite a lot” of confidence in Congress as an American institution, down from the previous low of 10% in 2013. This confidence is starkly different from the 42% in 1973, the first year Gallup began asking the question.
These results come from a June 5-8 Gallup poll that updated Americans’ confidence in 17 U.S. institutions that Americans either read about or interact with in government, business, and society. (more…)
White House adviser John Podesta told reporters Monday afternoon that Congress could not derail the Obama administration’s efforts to unilaterally enact policies to fight global warming.
Podesta said that the president was committed to using executive orders to pass regulations under the Clean Air Act to limit carbon dioxide emissions that they say cause global warming.
“They may try, but there are no takers at this end of Pennsylvania Avenue,” Podesta told reporters at a Monday press conference at the White House. (more…)
A US federal judge has dismissed a lawsuit filed against the government by the families of three American citizens killed by drones in Yemen, saying senior officials cannot be held personally responsible for money damages for the act of conducting war. (more…)