Senator Tom Harkin (D-Iowa) continues to pump his bill to impose transaction fees on high-frequency trading, saying that they would raise a lot of money with few consequences.

On November 29, the Senate passed the Feinstein-Lee Amendment to the 2013 NDAA, purporting to protect the right to trial of those detained as suspects.

President Obama has hardened his views on “fiscal cliff” negotiations with congressional Republicans, with Treasury Secretary Timothy Geithner telling a closed-door session of congressional leaders that Obama is now demanding $50 billion in more “stimulus” spending, $1.6 trillion in higher taxes over 10 years, and presidential control over the national debt limit. Any other deal, Geithner counseled, would be vetoed and make inevitable the fiscal cliff's the automatic tax increases and spending cuts on January 1.

 

 

Texas Republican Ron Paul, Ohio Democrat Dennis Kucinich, and New Jersey Democrat Rush Holt are continuing the fight in the House of Representatives against the use of drones for targeted killing by the Obama administration. They have once again called upon the Obama administration to release documents to justify the use of the overseas drone strikes.

In what might loosely be described as the "spirit of the season," the Congress of the United States will likely put together a huge grab bag "with a lot of stuff in it," including tax- and debt-ceiling increases, and drop it down the nation's chimney before adjourning for its Christmas recess, Sen. Rand Paul (R-Ky.) predicted Monday. 

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