American consumers have spent less money, businesses have slowed their restocking, and as a result, recovery from the financial crisis slowed during the second quarter of 2010. In a report released by the Commerce Department today, economic growth has lost momentum, and is now growing at a 2.4% pace. This meager growth means that the 9.5% unemployment rate is not expected to fall.
-Philip Bunnell
Jeffrey Zients, currently deputy director of the White House Office of Management and Budget (OMB), will be acting director for a few weeks while the nominee for the position, Jack Lew awaits confirmation. The position was formerly held by Peter Orszag, whose last day as Director is today…
- Philip Bunnell
Massive protests in Phoenix, Az. have led to multiple arrests throughout the day. Hundreds of people came out today to protest the immigration law, and to celebrate the injunction that prevents police officers from asking for proof of residency in the United States.
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-Rob Sanna
Arizona immigration law in Quick News The House and the Senate have passed a bill that would make penatlies for carrying crack cocaine and powder cocaine more similar. Currently the law requirs any person arrested with crack cocaine must serve at least 5 years in federal prison. With powder cocaine, a person needs to be arrested with 500 grams of cocaine to receive 5 years in prison. For more on this story, click here
-Rob Sanna
Obama, congress, crack cocaine in Quick News Democrats failed to get the 60 votes needed to overcome a Republican filibuster, and pass a bill aimed at freeing up $30 billion in federal funds to small businesses. Republicans contend that the bill does not properly address issues that are facing small businesses, such as the upcoming expiration of the Bush tax cuts. Currently, Senate Minority leader Mitch McConnell (R-Ky.) and Senate Majority Leader Harry Reid (D-Nev.) are working on a possible agreement to pass the bill before the August recess. For more information, click here…
-Rob Sanna
Job Creation, Small Business, filibuster in Quick News 
