Tags: US | Congress | Earmarks

House Democrats Ban Earmarks to Corporations

Wednesday, 10 Mar 2010 12:11 PM

Share:
More . . .
A    A   |
   Email Us   |
   Print   |

House Democratic leaders have announced that they will ban the much-criticized practice of using annual spending bills to direct pet projects to for-profit companies that often return the favor with campaign contributions.

The announcement comes as their GOP rivals are weighing giving up so-called earmarks altogether in an election-year appeal to voters frustrated with Washington's free-spending ways.

House Appropriations Committee Chairman David Obey says the step will mean 1,000 fewer earmarks. The step comes after the ethics committee investigated seven members of a Pentagon spending panel for rewarding earmarks to companies whose executives and hired lobbyists showered them with campaign cash. The panel found no linkage and absolved the lawmakers.

© Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
More . . .
   Email Us   |
   Print   |
 
Email:
Country
Zip Code:
 
You May Also Like

Democrats Said to Propose Six-Week Cut in Jobless Benefits

Thursday, 09 Feb 2012 14:16 PM

Congressional Democrats offered a proposal to Republicans that would reduce maximum U.S. unemployment benefits by six we . . .

Fed Buying Doesn’t Depend on Data, Morgan Stanley’s Peters Says

Thursday, 09 Feb 2012 11:56 AM

The Federal Reserve is likely to start a new round of bond buying whether or not the U.S. economy continues to show sign . . .

Mortgage Rates for U.S. 30-Year Loans Match Record Low of 3.87%

Thursday, 09 Feb 2012 10:30 AM

Rates for 30-year U.S. mortgages held at the lowest level on record as fewer Americans sought loans for home purchases. . . .

Special Links

© Moneynews.com
All Rights Reserved