Just as the Senate seemed to descend into another round of partisan gridlock, this time over extending emergency jobless benefits, the arrival of a surprisingly weak December jobs report raised the pressure on Congress to act.
The question is whether news that the economy created a mere 74,000 jobs last month — far fewer than the 200,000 forecasters predicted — delivered enough of a jolt to Capitol Hill, where what seemed like bipartisan progress on the issue early in the week had reverted to partisan nastiness.
A New Jersey State Assembly committee released a trove of documents Friday that shed more light on the bridge lane-closure scandal that is embroiling Republican Gov. Chris Christie's administration. The panel is seeking details on what's seen as an act of political retribution, which targeted the Democratic mayor of Fort Lee, N.J. It obtained the documents under a subpoena.
You never know where you might find a volunteer with a clipboard looking for signatures trying to get a voter referendum on the local ballot – like Ed Flanagan in the town of North Pole, Alaska.
"I'm out in what's called the North Pole transfer station. This facility has about 50 metal dumpsters arranged in a fenced area. Folks back up and throw their household trash in there. This is a very busy place," he says.
When people talk about the Volcker Rule, they often mention JPMorgan Chase, the giant bank where a trader recently made a bad bet that lost $6 billion. The Volcker Rule is supposed to put an end to that sort of thing, by prohibiting banks from trading with their own money.
But some banks that are very, very different from JPMorgan Chase are struggling with an obscure provision in the rule. Specifically, footnote 1,861, which bars banks from investing in something called trust-preferred securities — a rather obscure investment favored by lots of small, community banks invest