NEWS
By Laura Smitherman and Laura Smitherman,laura.smitherman@baltsun.com | May 21, 2009
Maryland officials have barred Alan B. Fabian, an entrepreneur and one-time Republican fundraiser now in federal prison, from doing business with the state for an indefinite period. Fabian, who lived in Cockeysville, pleaded guilty last year to mail and tax fraud in connection with a $32 million fraud. The Board of Public Works, a three-member panel with purview over state contracts, approved the action Wednesday without discussion. Fabian had been notified of the proceeding and did not request a hearing, according to board records.
NEWS
By Tricia Bishop and Laura Smitherman and Tricia Bishop and Laura Smitherman,tricia.bishop@baltsun.com and laura.smitherman@baltsun.com | February 8, 2009
A spokesman for Michael S. Steele defended the new Republican National Committee chairman yesterday against claims by a convicted felon that Steele misused campaign funds from his 2006 Senate bid. Curt Anderson, a political consultant and Steele spokesman, said the allegations had been "fabricated" by Steele's former campaign finance chairman, who was seeking a more lenient sentence in an unrelated criminal case. The Washington Post outlined the accusations in yesterday's editions, including a claim that Steele's campaign paid money to a company owned by his sister for services never performed, and the improper use of tens of thousands more in campaign money.
NEWS
February 3, 2009
After suffering double-digit drubbings in the last two elections that left House and Senate Republicans in the minority and Democrat Barack Obama in the White House, the GOP is desperate for new leadership and fresh ideas. The election last week of former Maryland Lt. Gov. Michael S. Steele as the first African-American chairman of the Republican National Committee signaled party loyalists' desire for a different tone and direction. But unless Mr. Steele, a frequent political commentator on television talk shows, can persuade Republican lawmakers in Congress to break with the disastrous policies of former president George W. Bush, it's hard to see how he alone can rebuild the party's ranks and help win back the power Republicans recently wielded in Washington.
BUSINESS
By Cox News Service | April 9, 2008
WASHINGTON -- House Democrats, opposed to the Senate's focus on helping homebuilders, moved yesterday to reshape housing legislation to help more homeowners. "We need to provide relief to the buyers and families themselves, not just the banks and builders," Rep. Charles B. Rangel, a New York Democrat, said in a statement. House Democrats intend to put "families first," he said. Today, Rangel's Ways and Means Committee will vote on his legislation to provide tax breaks to homeowners, first-time homebuyers and developers of low-income housing.
BUSINESS
By Marilyn Geewax and Marilyn Geewax,Cox News Service | March 29, 2007
WASHINGTON -- The "substantial" downturn in home sales has slowed the U.S. economy and "is likely to remain a drag on economic growth for a time," Federal Reserve Chairman Ben S. Bernanke told Congress yesterday. Still, Bernanke sees no recession on the horizon. The economy should "continue to expand at a moderate pace," he said, and price inflation may ease even as wages rise. "The weakness in housing and in some parts of manufacturing does not appear to have spilled over to any significant extent to other sectors," Bernanke told the Joint Economic Committee, made up of Senate and House members.
BUSINESS
By Marilyn Geewax and Marilyn Geewax,Cox News Service | January 18, 2007
WASHINGTON -- The Senate Finance Committee voted yesterday to rein in the tax breaks that sweeten the huge compensation packages corporations often bestow upon executives. The crackdown was tucked into legislation to raise the federal minimum wage by $2.10 over two years to $7.25. In a unanimous voice vote, the committee approved the wage increase, along with a package of tax reductions and credits aimed at helping small businesses. In a surprise to many lobbyists who didn't see it coming, one provision was aimed at top executives of hundreds of large companies.