President Barack Obama urged Americans to call Congress about the lack of progress on raising the nation’s debt ceiling. Apparently, people took him up on it. Congressman Doug Lamborn’s office reports that his website is moving slowly, and that the House of Representatives switchboard is clogged with phone calls. According to an email from Lamborn’s [...]
Continue reading …Former Interior Secretary Bruce Babbitt is blasting as “radical” a Republican proposal to open up more than 50 million acres of public lands to logging and other development. Babbitt, who was Interior secretary for eight years under President Bill Clinton, says the GOP bill would virtually repeal the 1964 Wilderness Act and open an area [...]
Continue reading …The Regional Air Quality Council and the Colorado Department of Public Health and Environment have issued an ozone alert for the Front Range. Officials say hot temperatures, clear skies and light winds may lead to increased ozone throughout the region. The alert is in effect until 4 p.m. Monday. Ozone can trigger attacks for people [...]
Continue reading …Less than two weeks away from the deadline for an unprecedented government default, President Barack Obama sought Friday to pressure House Republicans to come around to a deal that he insisted must include new taxes as well as unpalatable spending cuts. At the same time, even with no clear end in sight to negotiations that [...]
Continue reading …The Treasury Department said Thursday it has exited its investment in Chrysler LLC after Italian automaker Fiat SpA purchased the U.S. government’s remaining holdings in the auto company. Fiat paid $560 million to the Treasury Department for the government’s 98,000 shares. Fiat has run the company since it emerged from bankruptcy protection in June 2009. [...]
Continue reading …As the new Consumer Financial Protection Bureau officially opened its doors Thursday, the House was considering legislation that could restrict its authority to act against abuses of the financial system. Republican sponsors of the bill say they are simply trying to promote transparency and accountability in the agency that was created a year ago as [...]
Continue reading …The dollar is falling against the euro and most other major currencies ahead of a meeting of European Union leaders. Investors expect that the summit, taking place Thursday, will produce some sort of agreement to help stem the region’s debt crisis. Talks will focus on a new aid package for Greece and ways to stop [...]
Continue reading …China, the biggest buyer of U.S. Treasury debt, increased its holdings in May for the second straight month, after five months of declines. Total foreign holdings of Treasury securities also rose, as Japan and the United Kingdom, the second and third-largest overseas owners of Treasurys, boosted their stockpiles. China’s U.S. debt holdings increased $7.3 billion [...]
Continue reading …The Bureau of Land Management is holding a hearing next month on allowing the Army to continue using the Pinon Canyon training site. The Aug. 2 hearing is part of periodic review. The hearing does not include any consideration of whether Pinon Canyon will be increased at some future time. The Army’s efforts to expand [...]
Continue reading …Area prices were down for the month, but up nearly 3.1 percent over a year ago, according to the Bureau of Labor Statistics. The June decrease was influenced by lower gas prices, but the consumer price index for the Western region advanced over the same time last year, said regional commission Stanley W. Suchman. Energy [...]
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