This makes Nicolas Cage look like a punter. A report by the Government Accountability Office says that companies that received some $24 billion stimulus money owe a whopping $750 million in back taxes. While the government can’t name names, it has…

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Stimulus Recipients Owe $750M in Taxes

In a meeting with the National Governors Association, President Obama offered an olive branch to governors unhappy with health care reform, while needling them for criticizing the stimulus and going after unions. For the first time, Obama came out in…

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Obama to Let States Opt Out of Health Care Early

The budget the president will propose on Monday will reflect his midterm pivot from a focus on stimulus spending and tax cuts in his first two years to budget-cutting as the economy picks up steam.

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Obama to Propose Cuts as Opening Bid in Budget Showdown

A sovereign nation investing its wealth in its domestic economy seems like a no-brainer, especially during a global recession. But in this crazy age of American politics, even that has become a controversial notion. read more

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David Sirota | Is America Too Corrupt to Keep Up?

The Federal Reserve will continue with its $600bn “QE2″ stimulus programme as it is not convinced by the economic recovery, meeting notes reveal.

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Full steam ahead for QE2 says Fed

Say goodbye to the 111th Congress, which met for the final time Wednesday. This set of lawmakers passed landmark legislation from the $814 billion economic stimulus and the giant health care reform act to new regulations on Wall Street trading. In its…

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Epic, Busy, Unliked Congress Ends

Should Democrats cheer up about the tax deal? One of their opponents, Charles Krauthammer, thinks so. He says that, in exchange for extending the Bush tax cuts, President Obama got “the biggest stimulus in American history. … This is a defeat?” He…

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Krauthammer: Obama Beat the GOP

Twelve states will split the federal stimulus money after governors-elect in Ohio and Wisconsin refused it.

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More U.S. Rail Funds for 12 States as Two Reject Aid

Republicans got their way on Tuesday, as President Obama agreed to temporarily extend all Bush tax cuts in exchange for new stimulus measures-a 13-month extension of unemployment benefits and a one-year reduction in the payroll tax. Remember when the…

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Was Obama’s Tax Deal Worth It?

In the name of job creation and clean energy, the Obama administration has doled out billions of dollars in stimulus money to some of the nation’s biggest polluters and granted them sweeping exemptions from the most basic form of environmental oversight, a Center for Public Integrity investigation has found. read more

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Big Polluters Freed From Environmental Oversight by Stimulus

If Americans want education reform, this Michigan town is a model.

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Kalamazoo’s stimulus package

The private sector, not stimulus, is the key to economic growth.

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How to avoid Japan’s economic mistakes

Democrats who say they were right to pass health-care reform and the stimulus are being told they are “in denial” – but Republicans would never accept such bullying.

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Democrats should hold their ground

The votes are (mostly) counted. The Republicans have clearly and decisively won. But did the Democrats actually lose? They lost the election, certainly. And many of them lost their jobs. But the point of legislating isn’t job security. It’s legislation. And on that count the members of the 111th Congress succeeded wildly, even historically. read more

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Ezra Klein | The Do-Lots Congress: Guess What – It Accomplished Big Things

Who needs another stimulus when we have elections? Figures for this year’s frantic midterm elections show that House and Senate candidates are on track to raise a jaw-dropping $2 billion for their races. And that’s not even including outside groups,…

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House, Senate Races to Drop $2 Billion