WASHINGTON, D.C. – These days television shows are regularly interrupted with commercials about a “great” new financial opportunity backed by the federal government: a reverse mortgage loan that allows seniors to convert the equity in their homes into cash. While this can be a useful tool for some, many elderly homeowners are prime targets for predatory lending schemes in a rapidly growing industry.  Read prepared testimony of the witnesses by CLICKING HERE.

WASHINGTON, D.C. – During a week long mark-up of the National Defense Authorization Act (NDAA), U.S. Senator Claire McCaskill spent the last several days pushing for a series of successful amendments, including one that fights for the continuation of the F/A-18 fighter jet.  McCaskill’s provision inserts in the bill stronger language in favor of a multi-year procurement deal for the F/A-18 fighter jets.   McCaskill also fought for the restoration of nine F/A-18 aircraft that had been cut from the budget by the Department of Defense, thereby increasing the authorization for F/A-18 purchases from 31 to 40.  She was able to get this increase included in the base text of the bill. Additional amendments offered by McCaskill address the needs of service members, including requiring an overhaul of the military’s substance abuse program.  

WASHINGTON, D.C. – U.S. Senator Claire McCaskill today was named by Senate leadership as the chair of a 12-member bipartisan committee charged with gathering evidence and reporting to the Senate on the impeachment of Judge Samuel Kent.  Below is McCaskill’s statement on the announcement.

WASHINGTON, D.C. – As the Subcommittee on Contracting Oversight continues its investigation into Alaska Native Corporations (ANC) and contracting policies that favor them, Chairman Claire McCaskill today released a preliminary analysis of publicly-available data about contracts awarded to ANCs from 2000 through 2008.  

 WASHINGTON, D.C. – U.S. Senator Claire McCaskill applauded the Small Business Administration (SBA) on a new program that begins today which would loan up to $35,000 to “viable” small businesses that can demonstrate “immediate financial need”.  The America’s Recovery Capitol (ARC) loan program received $255 million through the American Recovery and Reinvestment Act, also known as the economic stimulus package, to help small businesses survive and prosper through the current economic downturn.

WASHINGTON, D.C. – As people prepared their taxes this year, many families and small businesses across America were hoping to find ways they could save money amid the economic crisis. U.S. Senator Claire McCaskill wants Missourians to know about all the ways the American Reinvestment and Recovery Act will help keep a little extra cash in their pockets over the coming months and during the next year’s tax season. Approximately 40 percent of recovery spending was in the form of tax relief and one third of the total spending goes back into the pocket of American taxpayers.