Citigroup announced on Friday that it would move its headquarters from New York to the actual U.S. Capitol Building, in Washington, D.C.
Citi outbid JP Morgan and Goldman Sachs to lease thirty thousand square feet of prime real estate on the floor of the House of Representatives.
Can You Say BANK OWNED?
WASHINGTON (The Borowitz Report)—The banking giant Citigroup announced on Friday that it would move its headquarters from New York to the U.S. Capitol Building, in Washington, D.C., in early 2015.
Tracy Klugian, a spokesperson for Citi, said that the company had leased thirty thousand square feet of prime real estate on the floor of the House of Representatives and would be interviewing “world-class architects” to redesign the space to suit its needs. READ MORE
Did you know that the banks greased enough palms to repeal Dodd Frank, they are now leasing space right in the Capitol Building and managed to increase the donation limitation from $32,400 to $324,000.
The continuing resolution to fund the gov’t $1.1 trillion, the sum of the entire national debt under President Reagan in 1980, narrowly passed the House late Thursday by a 219-206 vote; then The Senate passed a $1.1 trillion spending package Saturday night. -See NPR
Search the legislation for these key inserts:
- Donations to political parties raised from $32,400 to $324,000.
Language raising donation limits to the Democratic National Committee or the Republican National Committee from $32,400 per donor to $324,000
- The promised pension benefits of up to 1.5 million workers and retirees to be cut. It would affect the pooled pension plans — called multiemployer plans — of mostly union workers
- Funding until September 2015 for 11 of 12 federal agencies. The Department of Homeland Security is only funded until early next year, setting up another spending fight over immigration in just a few weeks
- No new funding for the Affordable Care Act, but funding for the health care law is also not cut
- $5.4 million to fight Ebola abroad and prepare for potential outbreaks at home
- Changes to the 2010 Dodd-Frank banking reform bill concerning derivatives trading – lobbied for heavily by the banking industry
- Language prohibiting the District of Columbia from legalizing marijuana, which city residents greenlighted in a November ballot initiative by a wide margin
- About $8 billion in funding for the Environmental Protection Agency, a substantial cut from last year’s funding that will likely force a hefty reduction in staffing
- $5 billion to fight the Islamic militant group known as ISIS
- A ban on the transfer of Guantanamo Bay prisoners to the United States
- Funding to aid the State Department, the Department of Health and Human Service and local school districts in immigration-related programs
- A cut of almost $350 million to the budget of the IRS
- Cuts to multi-employer pension plans
- Language allowing school districts more flexibility in instituting the nutrition standards championed by Michelle Obama