Showing posts with label Congress. Show all posts
Showing posts with label Congress. Show all posts

Saturday, December 20, 2008

With the economy in shambles - Congress gives itself a raise


Washington - A crumbling economy, more than 2 million constituents who have lost their jobs this year, and congressional demands of CEOs to work for free did not convince lawmakers to freeze their own pay.
Instead, they will get a $4,700 pay increase, amounting to an additional $2.5 million that taxpayers will spend on congressional salaries, and watchdog groups are not happy about it. More...
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Wednesday, October 29, 2008

Tough economic times except for Congress - Grew 13 percent richer


WASHINGTON — Times are tough, but don't worry about most members of Congress making ends meet. Their collective wealth grew by 13 percent last year, leaving them in better shape than most Americans to make it through an economic downturn, according to a new analysis of personal financial reports. Overall, nearly two of every three senators are millionaires. That includes presidential candidates Sen. John McCain, R-Ariz., and Sen. Barack Obama, D-Ill. In the House, 39 percent of all members belong to the exclusive club. Only 1 percent of all Americans are considered millionaires. More...
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