John Larson News

Lawmakers could propose within weeks a US version of the tax on financial trades favoured by Gordon Brown to fund the global recovery from the financial crisis.

The U.S. commander in Afghanistan, Gen. Stanley McChrystal, wants 40,000 more troops.

Reporting from Washington - As President Obama is preparing to announce a troop increase and new strategy for the war in Afghanistan, several powerful House committee chairmen have proposed a surtax on Americans to pay the future military costs.

Amid reports that Obama will send 30,000 more troops to Afghanistan , liberals are rallying around a plan to raise revenue for the surge.

Momentum building in Congress to change campaigns by empowering small dollar donors WASHINGTON, Nov.

Reps. Charles Rangel, John Larson and John Murtha are joining together to support a surtax on the Afghanistan war.

Rep. John Larson , D-Conn., is the lead sponsor of legislation to enact a public financing system at the congressional level.

The floundering poll numbers that have roused U.S. Sen. Christopher Dodd 's longtime critics are starting to rattle at least some of the people who have long been in his corner.

Any tax imposed on financial transactions would have to take effect internationally to keep Wall Street jobs and related business from moving overseas, U.S. House of Representatives Speaker Nancy Pelosi said on Thursday.

Sources close to the government said the Obama administration is leaning toward an extension of the $700 billion bailout fund, in part to pay down U.S. debt.

Timothy Geithner told members of the Joint Economic Committee, 'We are working to put TARP out of its misery, and no one will be happier than I am to see that program terminated.' Congressional Democrats could be careening toward a head-on collision with the White House over $200 billion in leftover bailout money - money that Republicans think ...

By Lori Montgomery Now that they've finished their health-care bill, House leaders are turning their attention to the soaring unemployment rate.

Former U.S. Attorney Kevin O'Connor says he won't be a candidate for governor in 2010.

U.S. House Majority Leader Steny Hoyer pushed fellow Democrats on the Ways and Means Committee to adopt a new, permanent estate tax instead of a one-year measure to keep the current levy from expiring next year.

Stung by constituents' concerns about their vanishing or vulnerable jobs, congressional leaders launched a strong push Tuesday to pass a "jobs creation" package by the end of this year.

Groups representing African-Americans, labor unions, Hispanics and others on Tuesday urged the White House and Congress to take more action to create jobs, citing prolonged unemployment that has hit minority communities especially hard.

The House of Representatives aims to pass job-creating legislation before the end of the year to ease double-digit unemployment levels that threaten the economic recovery, Democratic leaders said on Tuesday.

House Democrats are moving quickly to craft a jobs bill that could use bank bailout money and new Wall Street transaction taxes to pay for transportation projects a ' part of a year end push designed to show Democrats are focused on reducing the 10.2 percent unemployment rate.

WASHINGTON: US President Barack Obama will hold a forum on job creation with US business leaders on December 3 and then embark on a cross-country tour to discuss economic recovery, the White House said on Monday.

Advocates of meaningful campaign finance laws are waiting with great trepidation for the U.S. Supreme Court to rule in a case that challenges a 60-year-old ban on corporate contributions to candidates for federal office.