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February 14, 2017

First of Many “CRA” Love Letters to Corporate America Signed into Law by Trump

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The first of many deregulatory measures rapidly pushed by Congressional Republicans under the Trump administration was signed into law on Tuesday. President Trump gave the green light to a resolution disapproving of Dodd-Frank disclosure rules. The regulations had required publicly-traded companies extracting natural resources to divulge payments made to foreign governments. The proposal was one of dozens that have originated in the House of Representatives since January under the Congressional Review Act (CRA)–an arcane law, passed in 1996, allowing the legislative branch to nullify recently passed executive…

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Aetna-Humana Merger, at Heart of Election Year Obamacare Scandal, Dies After Court Ruling

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A proposed $34 billion merger between health insurance giants Aetna and Humana has fallen apart, after a federal judge ruled last month that it violated antitrust laws. Aetna announced on Tuesday that the two companies would not be appealing the ruling. District Judge John Bates had found that integration of the two firms would illegally stifle competition in the market for Medicare Advantage. The CEO of Aetna, Mark Bertolini, said that “the current environment makes it too challenging to continue pursuing” the merger, by appealing Bates’…

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Michael Flynn

In Wake of Flynn Resignation, Dems & GOP Spar Over Broadening Russian Probes

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The fledgling Trump administration is already dealing with a high-profile resignation. National Security Advisor Michael Flynn stepped down on Monday night, amid reporting that he broke the law during a December phone call with a Russian ambassador, and then lied about it. In his resignation letter, Flynn admitted only that he “inadvertently briefed the Vice President Elect and others with incomplete information.” As late as Monday afternoon, it had appeared Flynn’s job might be safe. White House advisor Kelly Ann Conway claimed on MSNBC that…

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