House of Representatives

House Passes Long-Overdue Farm Bill

The House passes a nearly $1 trillion farm bill that cuts food stamps and ends a direct subsidy to farmers, while expanding government-backed crop insurance programs.

What's Going On With Next Year's Federal Budget?

It has been a long, confusing summer for the federal budget: The FAA shutdown, the debt ceiling crisis, the Deficit "Supercommittee." But all of that was just prelude to the battles ahead over the 12 major appropriations bills to fund the government's "discretionary" spending.

Do Congressional Reps Beat the Market With Inside Info?

A study published this year found that stocks purchased by House of Representatives members from 1985 through 2001 "earn[ed] statistically significant positive abnormal returns," outperforming the market by more than six percentage points a year. And senators, it appears, have done even better.

Who Wins and Who Loses If the Government Shuts Down

Unless Republicans and Democrats can agree on budget legislation to keep the federal government running, a shutdown at midnight Friday looms. From a political and financial perspective, if that shutdown happens, there will be a few clear winners, some who break even, and a whole lot of losers. DailyFinance breaks it down:

House Votes to End 'Car Czar,' 'Pay Czar' Posts

Republicans in the House of Representatives voted Thursday to eliminate the Obama administration's "car czar," as well as the "pay czar" who oversees compensation at companies bailed out with TARP money, and seven other presidential advisers.

House Passes Sweeping Food Safety Bill

The U.S. House of Representatives today passed a massive reform bill governing food safety that overhauls the nation's hodgepodge of laws that have...

What the New Tax Law Deal Means for You

After a revolt by unhappy Democrats, the tax bill has finally passed. The Obama tax cut compromise extends Bush-era tax reductions on income, capital gains and dividends through 2012. But there were also some changes. Here's how the tax bill affects you.

Most Americans Support Tax Package

About six in 10 Americans approve of a tax package passed by the Senate on Wednesday that extends George W. Bush-era tax breaks for the wealthy as well extending unemployment benefits and cutting payroll taxes, according to a Wall Street Journal/NBC News poll.

Senate Unveils Total Cost of Tax Deal

The Senate presented the final price tag of $858 billion for President Obama%u2019s tax deal Republican leaders and began debating the package Thursday night. The Senate aims to vote on the bill Monday, a week after it was first announced, The Wall Street Journal reported. It is expected to clear the Senate, with backers including Senate Majority Leader Harry Reid, who had previously expressed reservations.

Americans Deeply Divided Over Tax-Cut Extensions

While most people support extending at least some of the George W. Bush-era tax cuts due to expire this year, a new Gallup/USA Today survey finds that Americans are deeply divided on which cuts should continue -- and for how long.

Coffee Break: Hilary Kramer's Post-Election Stock Picks

Grab a cup of java and listen to this short video of Hilary Kramer, respected investment adviser and editor of GameChangerStocks.com. Now that the elections are over and the Republicans have control of the House of Representatives, Kramer says that trillions of dollars on the balance sheets of corporations will be put to good use. Here's how you can profit.

J&J Apologizes for Kids Medicine Issues, Phantom Recalls

In testimony before Congress Thursday, Johnson & Johnson's CEO apologized for the problems that have beset his company, including the quality issues with its children's medicines and the "phantom recall" of a batch of Motrin. He also said new batches of its children's medicines should start shipping next week.

China Warns Against Duties on Imports to U.S.

China denounced a bill passed by the U.S. House of Representatives that aims to push up the value of the Chinese currency. The bill, which would let U.S. companies petition for duties on Chinese imports to compensate for the impact of the weak yuan, would hurt the global economy if it became law, the Chinese government said today.

U.S. Passes Small-Business Bill Pushed by Obama

The federal government today passed a bill designed to spur small-business lending by providing financial incentives to banks that make loans to smaller companies, marking a victory for President Barack Obama and his attempt to cut unemployment.

Senate Passes $30 Billion Small Business Bill

The U.S. Senate passed a bill Thursday designed to spur small-business lending by providing financial incentives to banks that make loans to smaller companies, marking a victory of sorts for an Obama administration attempting to show voters it's addressing the public's concerns about the economy

These Days, Even Temp Workers Are Struggling

Last week's employment report was disappointing: Employers cut double the number of jobs expected, added fewer new ones than predicted, and even temp job numbers fell to a loss. Is this a trend or an anomaly?

House Votes to Lift Oil Spill Liability Cap

A bill that passed the House of Representatives on Friday would, among other things, eliminate the $75 million cap on liabilities related to oil spills. The overhaul of the nation's offshore drilling regulations would require oil companies to pay the full cost involved with any spills.

Mass. State Colleges Upgrade by Changing Names

In a move that even elected officials admit is little more than a marketing ploy, the Massachusetts State House of Representatives approved a bill that will change the names of Bridgewater, Fitchburg, Framingham, Salem, Westfield and Worcester state colleges to universities.