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Thursday, Dec 18th

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Elizabeth Warren is calling for an investigation of the Federal Reserve

Elizabeth Warren"This American Life" did a program on Friday on the information obtained by Carmen Segarra from her time as a New York Fed bank examiner in 2012, where she investigated Goldman Sachs and began to notice the Federal Reserve Bank of New York was unwilling to support her allegation that the bank was missing policies regarding conflicts of interest.

Now, Democratic Senator Elizabeth Warren of Massachusetts is calling for a congressional hearing to discuss corruption in the Federal Reserve Bank. She has already received support from Democratic Senator Sherrod Brown of Ohio."These allegations deserve a full and thorough investigation, and American taxpayers deserve regulators who will fight each day on their behalf," Brown said in a statement.

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Ohio's James Traficant Dies, Days After Accident On Farm

TrafficantFormer Rep. James Traficant, the Ohio politician whose career included 17 years in Congress and a conviction for bribery, has died at age 73. Traficant's family had been fearing for his life since earlier this week, when he was critically injured in a tractor accident.

Traficant's death comes years after he attempted a political comeback, filing to run for his old seat in 2010 as an independent in Ohio's 17th District. He had been kicked out of Congress in July of 2002, after being convicted on charges that included racketeering, bribery and tax evasion.

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GOP Rejects Obama’s ‘Creative’ Iran Nuclear Compromises

rouhaniThe Obama administration is frantically searching for “creative solutions” to get to a nuclear deal with Iran, but according to 31 Republican senators, the administration is getting way too lenient while trying to entice Tehran to get to yes.

Late Friday night, senior administration officials confirmed to The New York Times rumors that they are offering Iran a deal that would allow them to “disconnect” some of their 19,000 uranium enrichment centrifuges instead of actually dismantling them, as part of a comprehensive agreement between Iran and the P5+1 countries over Iran’s illicit nuclear weapons program.

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How members of Congress use a little-known power to shape the military and help their constituents

Congress and the militaryEach year, members of Congress exercise a little-known power to help constituents obtain a nomination to one of the country's four elite service academies, which prepare future officers for the Army, Navy, Air Force and Merchant Marine.

In doing so, they are helping the nominees obtain a highly sought college education worth nearly $500,000 while shaping the leadership of the military.

Those nominations are often secret, sometimes political and always prestigious. In some cases, a USA TODAY examination shows, they go to children of friends, political supporters and donors to the lawmakers' campaigns.

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Senate passes funding for Israel's Iron Dome

Iron Dome

Senate Majority Leader Harry Reid (D-Nev.) got unanimous consent in the Senate Friday for legislation to give Israel emergency funding for its Iron Dome missile defense system.

“This is a good example of us putting aside partisan considerations,” Senate Minority Leader Mitch McConnell (R-Ky.) said after passage.

Israel has been battling the terrorist group Hamas for weeks and the conflict continued Friday after Hamas broke the latest cease-fire agreement.

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Rep. Curt Clawson Mistakes U.S. Officials For Indian Nationals

Curt ClawsonRep. Curt Clawson (R-Fla.) addressed what he believed were two members of the Indian government at a House hearing on Thursday and assured them that, as a U.S. representative, he would support all efforts to facilitate a better relationship between America and "your country" and "your government."

There was only one problem. The officials testifying before the House Asia and Pacific subcommittee weren't Indian officials at all, but two senior members of the U.S. government.

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House panel opposes giving SEC documents for insider trading probe

SECA U.S. House of Representatives panel said on Friday it should not have to comply with a federal regulator's demand for documents sought for an insider-trading probe involving the staff director of a subcommittee and a lobbyist.

The House Ways and Means Committee argued in a court filing that U.S. District Judge Paul Gardephe in New York should deny the Securities and Exchange Commission's attempt to subpoena documents from the committee and its healthcare subcommittee staff director Brian Sutter.

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