NYT: Justice Dept. Sets Record In Penalties For Fraud
The Justice Department collected a record $24.7 billion in penalties from fraud and other cases in the 2014 fiscal year, the agency said on Wednesday, as fines against banks for financial misconduct soared. Collections from civil and criminal actions, including money collected on behalf of other agencies, was $8 billion in 2013, and $13 billion in 2012. Collections in 2014 were bolstered by multibillion-dollar payouts from JPMorgan Chase and Citigroup to resolve claims they misled investors about the quality of mortgage bonds in the run-up to the financial crisis, and include $11 billion in payments made to federal agencies or states. Payouts in the 2014 fiscal year, which ended Sept. 30, also include hundreds of millions of dollars in fines levied on UBS and Royal Bank of Scotland.
It would be “impossible” to defund President Obama’s executive actions on immigration through a government spending bill, the House Appropriations Committee said Thursday. In a statement released by House Appropriations Chairman Hal Rogers’s (R-Ky.) office hours before Obama’s scheduled national address, the committee said the primary agency responsible for implementing Obama’s actions is funded entirely by user fees. As a result, the committee said the U.S. Citizenship and Immigration Services (CIS) agency would be able to continue to collect fees and carry out its operations even if the government shut down. Therefore, the appropriations process cannot be used to “defund” the agency.”
“This is America, and we welcome people from all around the world who have that same striving spirit. We’re not defined by tribe or blood lines. We’re defined by a creed, by idea and we want that tradition to continue” – President Barack Obama at the National Medals of Science & National Medals of Technology and Innovation ceremony