New House spending bill includes provisions creating more congressional oversight of financial regulatory agencies

Eyeglasses with newspaper and coffee cup

This week, the House Appropriations Committee introduced spending legislation with provisions that would add restrictions for financial regulatory agencies and cut IRS spending by $149 million. If enacted, the bill would give Congress total control over the federal government’s financial regulatory system and prevent those agencies from creating rules in the Dodd-Frank Wall Street Reform…

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New government report reveals one third of “Obamaphone” enrollees may not even be qualified for the program

The “Obamaphone” program was created to help low-income families pay for cellphones at the taxpayers’ expense. A recent report indicates that the controversial programs is “rife with fraud.” The Washington Times has the full story: The program, run by the Federal Communications Commission, predates President Obama, but it gained attention during his administration when recipients…

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