Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, up to $250,000 per depositor per bank as of January 2012. , the FDIC insured deposits at 7,723 institutions.
Federal workers' union criticizes $260B House GOP transportation plan (retirement loot)
Posted by admin / Under Federal Deposit Insurance Corporation
Federal workers' union criticizes $260B House GOP transportation planBy Keith Laing - 02/08/12 02:31 PM ET A union that represents employees of numerous federal agencies accused Republicans in the House of Representatives of cutting benefits to fund their $260 billion surface transportation bill. The Washington, D.C.-based National Treasury Employees Union sharply criticized H.R. 3813, the Securing Annuities for Federal Employees Act of 2012, arguing the legislation would divert savings from spending less on federal employees' pensions to the Highway Trust Fund. The bill, which was sponsored by Rep. Dennis Ross (R-Fla.), was approved Tuesday by the House Oversight and Government...
Published on Thursday 9th of February 2012 11:54:20 PM
Feds OK with leftover campaign money being invested
Posted by admin / Under Federal Deposit Insurance Corporation
MADISON — Candidate committees can rack up cash in a hurry, especially during a high stakes race. And provisions in election law allow campaigns to invest campaign funds, bolstering — or diminishing — contributions. In the 2011-12 election cycle, U.S. Rep. Paul Ryan, R-District 1, raised nearly $2.5 million, according to filings with the Federal Election Commission. At the end of 2011, his candidate committee held $4.6 million. In early 1999, Citizens for Arlen Specter, the campaign for the former U.S. senator from Pennsylvania, sought the opinion of the FEC to determine what could be done with his excess cash,...
Published on Thursday 9th of February 2012 11:54:20 PM
White House proposes 0.5 percent pay increase for federal workers
Posted by admin / Under Federal Deposit Insurance Corporation
The White House will propose a 0.5 percent pay increase for civilian federal employees as part of its 2013 budget proposal, according to two senior administration officials familiar with the plans. The modest across-the-board pay jump would be the first increase for federal workers since before a two-year freeze began in late 2010. Raises for within-grade step increases and promotions have continued during the freeze. The proposal, which requires congressional approval, differs from Republican plans supported by lawmakers and presidential candidates that would freeze basic pay rates for one more year. Some of those plans also call for denying within-grade...
Published on Thursday 9th of February 2012 11:54:20 PM
Why federal experts command - and deserve - high salaries
Posted by admin / Under Federal Deposit Insurance Corporation
The list of the 1,000 highest-paid federal employees released last month by Wikiorgcharts.com must have raised eyebrows. In a country where the average full-time employee earns less than $40,000, salaries ranging from $216,000 to $350,000 appear very high. However, the 1,000 feds profiled earn less than the $380,000 that would place them in the top 1 percent of the nation's income earners. And within the federal workforce of roughly 2.1 million, the individuals on the list account for an extremely small percentage. Perhaps more important, the list is a reminder that agencies need to compete in a world where top...
Published on Thursday 9th of February 2012 11:54:20 PM
Driving Federal Government Employees Into Retirement
Posted by admin / Under Federal Deposit Insurance Corporation
My family and I went to the VA hospital for Christmas services, during which the kindly chaplain said goodbye to the veterans to whom he had been ministering. Like a record number of federal government employees, he has decided to retire this year. Because the federal workforce is older than the general population, a certain number of retirements are to be expected. Yet according to the actuaries at the federal Office of Personal Management, workforce age isn’t enough to account for the surge in federal retirements. It’s not hard to see what other factors are driving federal government employees to...
Published on Thursday 9th of February 2012 11:54:20 PM
Michigan City Turns Down Millions of Dollars, Saying Federal Money Is Not Free
Posted by admin / Under Federal Deposit Insurance Corporation
Water flows uphill. A city turns down $8.5 million in federal grant money. In what could be a new high water mark of anti-Washington sentiment, the city of Troy, Mich., is rejecting a long-planned transportation center whose construction would have been fully financed with federal stimulus money. The terminal, which would help Troy become a transportation node on an upgraded Detroit-to-Chicago Amtrak line, was hailed by supporters as a way to create jobs and to spur economic development. But federal money is federal money, so with the urging of the new mayor, who helped found the local Tea Party chapter,...
Published on Thursday 9th of February 2012 11:54:20 PM
DC’s population and image soar
Posted by admin / Under Federal Deposit Insurance Corporation
The District has gained more than 16,000 residents since last spring, growing at a pace that outstripped anything seen in the boom years preceding it. Census figures released Wednesday estimated the city’s population was 618,000 in July, up 2.7 percent from the census figure in April last year. The current growth spurt is so rapid that the District is on track to draw more newcomers in two years than it did in the entire decade before. The District’s expansion is all the more remarkable when compared to the rest of the country, which is experiencing its slowest growth since the...
Published on Thursday 9th of February 2012 11:54:20 PM
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