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Moody's has most employees leaving through revolving door
By Stevie Mathieu Nov 16, 2011 10:29 a.m.Moody's credit rating service -- one of the major credit rating agencies that was cited as a contributor to the 2008 financial meltdown -- has more employees go through the revolving door to work at companies they used to rate than any other credit rating agency, according to new Securities and Exchange Commission (SEC) filings required under the Dodd-Frank financial law.
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Senators grilling FTC commissioner on obesity guidelines took campaign money from industry
By Nancy Watzman Nov 16, 2011 10:09 a.m.When Jon Leibowitz faced a Senate committee yesterday afternoon for a hearing on his renomination as commissioner of the Federal Trade Commission (FTC), he got a grilling from several Senators, Democrats and Republicans alike, on a controversial issue: the agency’s proposed guidelines on advertising food to children, meant to help in the fight to reduce childhood obesity.
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TransCanada spends millions lobbying federal government, several key states
By Lindsay Young Nov 14, 2011 2:17 p.m.The Canadian oil sands, one of the most carbon-intensive fuel sources in the world, is spurring a flurry of global lobbying activity, from encouraging President Obama to approve an extension to a transnational pipeline pressuring Europe to ease its tax on the sands-produced oil.
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New Super PAC inspired by Stephen Colbert
By Keenan Steiner Nov 10, 2011 3:09 p.m.Comedian Stephen Colbert, who started his own ironic-sounding and controversial Super PAC earlier this year, has also inspired at least one other man to form his own Super PAC.
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Sunlight Live: GOP candidates debate foreign policy, national security
By Tessa Muggeridge Nov 10, 2011 2:04 p.m.The Republican presidential candidates will again be behind podiums on Saturday for a debate in the key early-primary state of South Carolina, just three days after a showdown in Michigan. As usual, the Sunlight Live team will be behind computer screens checking the candidates' facts and inserting data on money and influence in politics into the conversation at sunlightlive.com.
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Serial PAC Filer Floods FEC
By Lindsay Young Nov 10, 2011 11:39 a.m.From the man who brought Florida the Billionaire Josue Larose's Dating Women Committee, Josue Larose has filed the forms with the FEC to create 20 new super PACs. Clearly, there are few hurdles to creating a super PAC or multiple super PACs, that can then accept unlimited contributions.
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European Central Bank borrowing from Federal Reserve on the rise
By Nancy Watzman Nov 9, 2011 2:15 p.m.The European Central Bank (ECB) today announced more than $2 billion in borrowing from the Federal Reserve's currency swap line, the highest amount since the U.S. central bank reopened this facility in May 2010.
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Sunlight Live: Debating the economy, take two
By Tessa Muggeridge Nov 7, 2011 3:55 p.m.The eight leading Republican presidential candidates are headed to Rochester, Mich., on Wednesday for the latest in a long season of GOP debates. This one will be the first since decades-old allegations of sexual harassment shook Herman Cain's campaign. Naturally, the Sunlight Live team is ready to follow the action.
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Music, movie industries giving to Rep. pushing for copyright enforcement
By Nov 7, 2011 8:56 a.m.The House Judiciary Committee chairman backing a bill that would allow the Justice department to force internet service providers to take down websites committing copyright infringement has leading communications companies bankrolling his campaign.
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Senators on super committee collecting less campaign cash this quarter
By Lindsay Young Nov 4, 2011 5:46 p.m.All but one Senate member on the super committee collected less campaign funds this quarter compared the previous quarter. Only Sen. Rob Portman, R-Ohio, had a modest increase collecting a total of $85,532.
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MF Global pushed regulators to use client funds
By Nancy Watzman Nov 2, 2011 1:52 p.m.Late last year MF Global—the failed investment firm headed by Democratic heavyweight Jon S. Corzine that can't account for as much as $900 million of its clients' money--urged a federal agency to allow futures firms to invest funds from their customer segregated accounts in foreign sovereign debt.
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Nonprofit groups target super committee with billboard ads, don't disclose donors
By Stevie Mathieu Nov 1, 2011 2:13 p.m.With so many vying for the attention of the 12 lawmakers charged with cutting up to $1.5 trillion from the nation's deficit, some groups have turned to plastering their messages to the "super committee" on billboards.
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Sunlight Live Team to Cover "Super Committee" Discussion of Simpson-Bowles and Previous Debt Proposals
By Katy Schultz Oct 31, 2011 midnightThe so-called super committee will meet in public tomorrow for only the fourth time, when it looks at recent efforts to reduce the debt in a session titled “Overview of Previous Debt Proposals."
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Federal Reserve delays release of transcripts of major meetings
By Nancy Watzman Oct 28, 2011 10:58 a.m.If you want to know who says what at next week's meeting of the Federal Reserve’s Federal Open Market Committee (FOMC), which oversees market operations for the central bank, you will have to wait until the year 2016 to find out.
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