A rare public hearing of the supercommittee suggests members aren’t close to developing a plan to cut more than $1 trillion from the federal deficit over 10 years. Congressional Budget Office Director Doug Elmendorf warned them that cuts to discretionary funding, including feds’ pay, would not solve the problem.
Open government and press organizations are fighting back against the new communications policy the chairman of the House Financial Services Committee recently set between his committee and the Treasury Department. The new policy says any communication between the committee and the department will be considered a “congressional record” and therefore isn’t subject to the Freedom of Information Act.
Republicans praise Mick Mulvaney’s leadership at the nation’s consumer financial watchdog, while Democrats express alarm on concerns that he’s done more to protect financial companies than consumers