Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

News Roundup: Countrywide Angled for Influence, Congressional Fundraising Up News Roundup: Countrywide Angled for Influence, Congressional Fundrais...

This ad will end in seconds
Close X

Not a member? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation

 

Blogs / Influence

News Roundup: Countrywide Angled for Influence, Congressional Fundraising Up

July 5, 2012

AP12070417444.jpg

Welcome back to the Alley, where we hope you had a good Independence Day break. Here's the latest to get you up to speed. 

Countrywide Financial made discounted loans to members of Congress, their staff, Cabinet secretaries and Fannie Mae executives, according to a House Oversight Committee report. "The discounts -- which averaged about 0.5 points -- spanned from 1996 to 2008, according to a report from the House Oversight and Government Reform committee, which was obtained by AP," writes my colleague at National Journal, Jonathan Miller.

WaPo reporter Dan Eggen writes that campaign fundraising and spending in congressional elections this cycle compared to 2008 is significantly up. "Congressional races this year are more on par with 2010, when an angry electorate helped Republicans take control of the House in what President Obama famously described as 'a shellacking.'" Eggen writes. My colleague Elahe Izadi took a closer look at the Federal Election Commission's congressional figures here.

Our own Matthew Cooper walks you through the rest of Congress's year. "In some ways, Congress has picked off the low-hanging fruit. Now we're in for a stretch where the parties are unlikely to agree--again," he writes, leaving you with this thought: "It's easy to see Congress as a timepiece, broken or working. But that's not the right metaphor. Congress is more like traffic, which can sometimes be backed up, sometimes smooth, and sometimes a combination of both--ever sensitive to the actions of a few."

Photo: Fireworks light the sky over the U.S. Capitol, left, Washington Monument and Lincoln Memorial on Wednesday. (AP Photo/Alex Brandon)

More Blogs
Job Board
Search Jobs
Biomedical Service Internship Position
American Society of Civil Engineers | Flint, MI
Fire Sprinkler Inspector
American Society of Civil Engineers | Charlotte, NC
Professional Development Program Engineer
American Society of Civil Engineers | Farmington Hills, MI
Deputy Director of Transit Operations
American Society of Civil Engineers | San Jose, CA
Transportation Planner
American Society of Civil Engineers | Salinas, CA
Assistant Professor - Water Resources/Ecological Engineering
American Society of Civil Engineers | Auburn, AL
Product Manager - Chemical Development and Supply - Tulsa, OK
American Society of Civil Engineers | Tulsa, OK
Commissioning Intern
American Society of Civil Engineers | Chicago, IL
Assessment and Remediation Team Lead
American Society of Civil Engineers | Regina, SK
Business Development Manager
American Society of Civil Engineers
Sr. Controls Systems Engineer
American Society of Civil Engineers | Grand Island, NE
Senior Project Manager- Transportation
American Society of Civil Engineers | San Antonio, TX
Materials Engineer 2
American Society of Civil Engineers | IL
Land Surveyor
American Society of Civil Engineers
Quality Engineer
American Society of Civil Engineers | Attica, IN
Comments
comments powered by Disqus