Tags: US | Senate | Earmarks

Senate Rejects Freeze On Earmarks

Tuesday, 16 Mar 2010 07:35 PM

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

The Senate has killed a move by conservative Republicans to temporarily ban the practice of earmarking taxpayer dollars for back-home project for their states.

Fifteen Republicans joined with most Democrats to reject the earmark moratorium by a 68-29 vote.

It's a far different story in the House, where Republicans imposed an earmark ban on party members last week in a bid to demonstrate they are the party of reform. Democrats controlling the House also declared that earmarks can no longer go to for-profit companies.

Defenders of earmarks say it's a legitimate way for lawmakers to exercise Congress' power of the purse. Opponents say they're often wasteful and are a way to win votes for big-spending legislation.

© 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 This material may not be published, broadcast, rewritten or redistributed.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

Solar Stocks Surge on Talk of Rising China Panel Demand

Thursday, 09 Feb 2012 20:10 PM

Solar stocks Thursday gained the most in a month on speculation that demand for panels will increase in China. . . .

U.S. Didn’t Intervene in Currency Markets in Fourth Quarter

Thursday, 09 Feb 2012 16:27 PM

The U.S. didn t buy or sell dollars to affect foreign-exchange rates in the fourth quarter, the Federal Reserve Bank of  . . .

Barton Biggs: Low Volume Means Bull Run May Last

Thursday, 09 Feb 2012 14:43 PM

Stock trading around the world fell to the lowest level since at least 2006 even as global equities entered a bull marke . . .

Special Links

© Moneynews.com
All Rights Reserved