Media

The Hill reports today that ExxonMobil will contribute $250,000 to President Obama's inauguration.

A recent survey by Demos found that middle-income Americans 50 years of age and older have more credit card debt, on average, than younger Americans, a finding opposite of that reported in a 2008 survey.

The report revealed that older American households had an average credit card balance of $8,278 in 2012, while households with members under age 50 carried an average credit card balance of $6,258.

At a panel discussion this morning, labor leaders stressed the importance of climate change to their members work and health.

A proposal to adjust how Social Security benefit increases are calculated did not make it into the final fiscal cliff deal. Nor did various ideas for making affluent Medicare recipients pay more in premiums or deductibles.  

When was the last time you contributed $1,000 to a political candidate or cause?  For the majority of donors to Senate candidates, the answer is "very recently."

Not since the years before the Watergate scandal has a small cadre of mega-donors influenced our elections as much as wealthy givers such as casino tycoon Sheldon Adelson, DreamWorks Animation CEO Jeffrey Katzenberg, Texas homebuilder Bob Perry, and Chicago media mogul Fred Eychaner did in 2012.

Gov. Martin O’Malley (D) plans on Friday to propose expanding early voting days in Maryland and, for the first time, allowing residents to register on the same day that they cast ballots — moves certain to rankle Republicans.

Steven Carbo, state advocacy director for Demos, a national group that seeks to expand voter participation, said fraud has not been much of an issue in same-day registration states that have adequate safeguards in place. Those include requiring voters to take an oath to confirm their identity, with stiff penalties for those who lie.

It took just 32 billionaires and corporations giving Super PACs an average of $9.9 million apiece to match every single dollar given by small donors to Romney and Obama in the 2012 election cycle, according to new report.

Elderly Americans are carrying more credit card debt, according to a new survey.

The survey reports the main reason is due to job loss and medical bills, not because of a lack of financial responsibility.

The study looked at 997 middle-income households that were carrying credit card debt for at least three months. Of the respondents, households age 50 and older had an average credit card balance of $8,278 compared to an average debt of $6,258 for households under age 50.