Money Articles


Ebola: We Just Needed to Spend More Money

8:20 AM, Oct 14, 2014

The headline on an item in Time reads:

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Report: $247M FEMA High-Tech Disaster Relief System May Not Work

7:15 AM, Oct 02, 2014

After nine years and $247 million, the Federal Emergency Management Agency's (FEMA) new high-tech disaster relief system may not work as intended, according to a new report by the Office of the Inspector General (OIG) for the Department of Homeland Security (DHS).

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A Legislative Sleight of Hand for Fannie Mae and Freddie Mac

Congress’s GSE reform plan has relatively little reward for the taxpayer without absolving them of all risk.
12:10 PM, Sep 30, 2014

Few people are happy with the limbo in which Fannie Mae and Freddie Mac currently dwell. The Treasury placed the two government-sponsored entities that buy and guarantee the bulk of all mortgages issued in the United States into a conservatorship in 2008 after the collapse of the housing market, which decimated the value of the loans they held and rendered the two insolvent.

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Feds Pay $91K for Bat Population Survey

5:44 AM, Sep 30, 2014

President Obama was counting strokes on the golf course at Fort Belvoir in northern Virginia last Saturday, but the day before a $91,318.76

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Alibaba Chair Inspired By 'Hero' Forrest Gump, Calls New Wealth 'Headache'

9:03 AM, Sep 19, 2014

A fascinating interview on CNBC with Alibaba chair Jack Ma, whose company will go public today in New York:

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Obama Asks for Donations Before ISIS Speech

2:48 PM, Sep 10, 2014

President Obama is scheduled to address the nation this evening to discuss destroying the terrorist army of ISIS. But before hitting the airwaves, he's asking Democratic donors to "chip in $10 or more right now to help elect Democrats."

He made the ask in an email to supporters of the Democratic party.

"There are just 55 days left in this election, Daniel," writes Obama in the email.

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HHS Announces Another $60 Million for Obamacare Navigators

11:54 AM, Sep 08, 2014

The Department of Health and Human Services announces another $60 million for Obamacare navigators, a press release from that federal bureaucracy states.

"The Affordable Care Act is working for millions of Americans who are able to access quality health coverage at a price they can afford, in large part because of the efforts of in-person assisters in local communities across the nation. People shopping for and enrolling in coverage through the Health Insurance Marketplace can get local help in a number of ways, including through Navigators," reads the release.

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Feds to Spend $500,000 for New Art at Customs and Border Protection Facility in San Diego

7:34 AM, Sep 08, 2014

The "busiest land port of entry in the Western Hemisphere" is getting an upgrade, and according to the U.S. General Services Administration (GSA), about a half a million dollars worth of new artwork will be part of the package.

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WH Defiant on Fundraising Weekend: Obama Has Responsibility to Help Candidates

12:29 PM, Aug 29, 2014

President Obama is spending today attending three fundraiser (two in New York and one in Rhode Island). And the White House doesn't seem to care what others might think of the president's use of time. 

For example, this exchange with Ed Henry and spokesman Josh Earnest from today's White House press briefing:

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Feds: Cost of Healthcare.gov Estimated $1.7 Billion

9:43 AM, Aug 26, 2014

The federal government issued sixty contracts from 2009 to 2014 in efforts to build Healthcare.gov, the federal insurance marketplace.

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Bankers and Their Wounds

11:00 PM, Aug 08, 2014

Bank of America likes to top rival J.P. Morgan Chase in as many ways as possible. Except one. The $16-to-$17 billion check it is about to write to cover the fine for sins committed before the financial crisis tops the previous record of $13 billion paid by J.P. Morgan Chase just nine months ago. Add fines paid by Bank of America in connection with other activities, and the total take from the bank’s shareholders easily tops $22 billion. That’s certainly is real money, but not so much as to prevent Bank of America from raising its dividend last week.

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Bring Back Earmarks? Not So Fast

1:21 PM, Aug 06, 2014

Writing at the New York Times, Thomas Edsall makes a provocative and counterintuitive argument about earmarks:

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Close Enough For …

8:12 AM, Aug 06, 2014

Thanks to the marvels of the digital epoch, citizens can now track the government’s spending of public money.  On a website, of all things.  Of course, while the technology may change and improve, the eternals still apply.

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More Fuel Efficient Cars Causing Highway Trust Fund to Go Broke

Get them where they drive.
8:24 AM, Jul 07, 2014

Washington needs more money and if it doesn’t get it, your morning commute will become:

a) more expensive

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Picks and Shovels

3:05 PM, Jul 01, 2014

Another day, another national crisis.  Yesterday it was immigration and another threat/promise to go it alone.

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Bill Clinton: We're Not Out of Touch, We Talk to People at the Local Grocery Store

3:46 PM, Jun 24, 2014

Former President Bill Clinton insists he and his wife, Hillary Clinton, are not out of touch. The examples he cites? They talk to people at their "local grocery store on the weekend" and, he adds, they "talk to people in [their] town."

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Hillary to Get $225k from School Raising Tuition

7:04 AM, Jun 24, 2014

Hillary Clinton will be getting $225,000 to speak at a university fundraiser later this year. Students at the same school, the University of Nevada, Las Vegas, have recently been outraged that the institution is raising tuition by a staggering 17 percent.

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Texas GOP Candidate Now Accepting Bitcoin

10:25 AM, Jun 23, 2014

Greg Abbott, the Republican candidate for governor in Texas, is now accepting the digital currency Bitcoin. He's just now released this ad, letting supporters know:

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Harry Reid: Democrats Do Not 'Have Any Billionaires'

11:37 AM, Jun 19, 2014

Senate majority leader Harry Reid claims that one side--the Democrats--doesn't "have any" billionaire backers:

"The decisions by the Supreme Court have left the American people with the status quo in which one side's billionaires are pitted against the other side's billionaires," he said this morning on the Senate floor. "Except one side doesn't have any billionaires."

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At Some Point, Maybe Enough Money Has Been Raised

6:48 AM, Jun 17, 2014

President Obama hits the road, again, today. He is, as Jim Kuhnhenn of the AP reports:

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Pelosi Tries to Amend Constitution Via Fundraising Email

12:32 PM, Jun 10, 2014

Nancy Pelosi is fundraising to amend the Constitution of the United States. 

"You might miss out on history," she writes in an email sent out on the Mother Jones email list.

"931,561 people and counting have added their name calling for a Constitutional amendment to end Citizens United.

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Aide: Clintons 'Have a Life and a Set of Expectations that Are Different' from Middle Class

9:18 AM, Jun 10, 2014

Former Clinton aide Kiki McLean defended Hillary Clinton's claim that she was "dead broke" and "struggled" after leaving the White House by saying that the Clintons "have a life and a set of expectations that are different" from middle class Americans. McLean made the comments on CNN:

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Sclerosis?

7:41 AM, May 19, 2014

More signs that the dynamism that once characterized the American economy is waning:

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Biden Pulled in Less than $201 in Book Royalties

Jill Biden made between $15,001-50,000 for hers.
2:59 PM, May 15, 2014

Vice President Joe Biden is not making too much money off his book Promises to Keep: On Life and Politics. Last year, in fact, he made less than $201 in royalties from his book publisher, according to just-released disclosure forms.

Here's the disclosure form, which has been "reviewed and certified by ethics officials," according to the White House:

Biden's book was published in 2007 by Random House.

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Democrats Fundraise Off Book Advocating Impeachment of Obama

6:10 AM, May 09, 2014

Next month former prosecutor Andrew McCarthy will publish his book Faithless Execution: Building the Political Case for Obama’s Impeachment. And already the Democratic party is trying to raise money off the title.

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The President’s Speech

1:14 PM, May 08, 2014

Speaking to a collection of people that included Barbra Streisand – and asking them, just incidentally, for money – President Obama made his case in this fashion:

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Price Tag for Healthcare.gov Repairs Jumps to $121 Million; 'Back End' Still a Mess

Obama administration soliciting 2015 contractors based on race and gender.
6:28 AM, Apr 30, 2014

After shelling out $677 million to build the federal health care website, the government will spend an additional $121 million in 2014 to repair it—$30 million more than previously estimated—the Washington Times reported last night.

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Campaigning for Cash

11:21 AM, Apr 17, 2014

President Obama appears to be the best there ever was when it comes to raising cash. But that’s because he works so hard at it. As James Oliphant of Government Executive reports:

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Kerry: Big Bucks in Climate Change

10:01 AM, Apr 14, 2014

What we usually hear about when the subject is climate change is stuff meant to scare you out of your socks.  Rising oceans, violent storms, draughts, famines, plagues of locusts … and so forth.  The implied alternative is austerity so severe – no cars, rationed electricity, smaller houses, once-a-week cold showers, etc.

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