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| Goodbye and good riddance, 112th Congress Jan 4th 2013, 13:00 On Jan. 3, the 112th Congress of the United States of America finally ended. Thank God. To properly evaluate the 112th, consider the record of its predecessor, the 111th Congress, which ran from January 2009 to January 2011. The fighting 111th passed the American Recovery and Reinvestment Act (better known as the "stimulus"), the Affordable Care Act (aka "Obamacare"), and the Dodd-Frank financial reforms. It passed the Lilly Ledbetter Fair Pay Act and expanded both the Serve America Act for community service and the Children's Health Insurance Program. It created significant new anti-tobacco regulations, ratified the New Start nuclear arms reduction treaty, ended "don't ask, don't tell" in the armed forces and agreed to the 2010 tax deal, which extended the Bush tax cuts in return for the passage of middle- class stimulus. Read full article >>  | | Plans for health insurance exchanges approved by White House for seven more states Jan 4th 2013, 02:30 The Obama administration on Thursday approved plans by seven states to create health insurance exchanges, the new marketplaces at the heart of the Affordable Care Act. With this final round of approvals, the White House has signed off on blueprints by 17 states and the District to operate their own exchanges in 2014, as long as they continue to meet certain benchmarks over the course of the next year. Read full article >>  | | Transocean set to pay $1.4 billion for role in 2010 Deepwater Horizon disaster Jan 4th 2013, 01:45 The owner of the drilling rig that exploded and led to the massive 2010 oil spill in the Gulf of Mexico will pay $1.4 billion in criminal and civil penalties, the Justice Department said Thursday. Transocean Ltd. agreed to accept some responsibility for its role in the Gulf disaster, which took place after its Deepwater Horizon rig caught fire and killed 11 people. The company will pay $1 billion to resolve civil claims and $400 million in criminal penalties, and will plead guilty to one misdemeanor violation of the Clean Water Act. Read full article >>  | |
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