“House Republicans wary of the Obama administration's Aug. 2 deadline for raising the debt ceiling think they have support for their skepticism from a surprising source — former Federal Reserve Chairman Alan Greenspan,” Roll Call writes. “Greenspan met with a small group of House Republican Policy Committee members Monday afternoon. Republican sources familiar with the meeting said their takeaway from Greenspan's presentation was that the administration has more wiggle room than it is letting on if a final deal on raising the $14.3 trillion debt ceiling is not reached by the proposed deadline.”
“A series of policy battles that have broken out among House Republicans poses a significant challenge to Speaker John Boehner’s (R-Ohio) effort to unify his troops on a bill raising the nation’s debt ceiling,” The Hill adds. “In recent weeks, intra-party skirmishes have emerged on a range of issues, including patent reform and a proposed tax holiday.”
“Representative Gabrielle Giffords of Arizona was released from a Houston hospital yesterday, five months after being shot in the head during a political event,” AP reports.
“[C]ongressional leaders saw their wealth climb last year as the economy struggled to pull out of a recession while the Dow Jones Industrial Average gained more than 1,100 points,” The Hill writes. Former House Speaker Nancy Pelosi’s wealth grew 62% and John Boehner remained a multimillionaire.
“Senator John Kerry reported more holdings in media companies than any other member of Congress, including a $1.75 million stake in Comcast, which owns NBC, and a $600,000 stake in News Corp, which owns Fox News, according to an analysis released today,” the Boston Globe writes. “The holdings, which Kerry says belong to his wife, were listed on financial disclosure forms analyzed by the nonpartisan Center for Responsive Politics. In all, 59 federal lawmakers have media interests worth between $3.8 million and $7.7 million, with the average individual reporting holdings ranging from $65,000 to $131,000. The forms require lawmakers to list ranges rather than exact dollar amounts.”
The Boston Globe finds from Scott Brown’s financial disclosure that he made $700,000 for his autobiography.