Topic: Capitol Hill

Congress sprints for Wall St reform finish line

WASHINGTON (Reuters) - Lawmakers racing to complete the biggest overhaul of the financial rulebook since the 1930s sat down on Tuesday with fresh deals in hand on consumer protection, debit cards and mortgages. Members of a Senate-House of Representatives panel still have ...
Obama to announce help for small businesses in effort to refocus bailout planPresident Barack Obama is set to unveil plans to refocus spending of the government's $700 billion financial bailout away from big financial institutions and toward small businesses. The White House ...
Under fire for bonuses, AIG says it spent some bailout money putting up collateral for banksAmerican International Group Inc. on Sunday detailed how it used some of its $170 billion in federal bailout money, after the troubled insurer provoked outrage on Capitol ...
Shaky bailout intro could make the plan a tougher sell later onThat bomb of a bailout intro could make things tougher later on for the administration. President Barack Obama and his top financial officials will be picking up the pieces and filling ...

Obama sells stimulus to reluctant Republicans

President Barack Obama Tuesday puts his vow to govern without partisan rancor on the line Tuesday, in exclusive talks with increasingly truculent Republican lawmakers over his massive stimulus plan. Obama was set to trek through snowy Washington for an unusual visit to ...

Obama to mull budget, stimulus with economic team

President Barack Obama will meet Saturday with his economic team to discuss the government's budgetary priorities as he makes a concerted effort to bolster the flagging US economy. Obama said on Friday that his economic stimulus plan was "on target" to clear ...
President Barack Obama will meet Saturday with his economic team to discuss the government's budgetary priorities as he makes a concerted effort to bolster the flagging US economy. Obama said on Friday that his economic stimulus plan was "on target" to clear ...

Capital Briefs

* WILL OFFSHORE BAN EXPIRE? Eventually dwarfed by the mortgage bailout drama but nonetheless significant was the partial Democratic capitulation on Capitol Hill to Republican and constituent demands that the 26-year-old ban on offshore drilling and Western shale oil extraction be allowed ...
Bush to make statement on congressional negotiations on financial crisisPresident Bush will make a statement Friday on the status of congressional negotiations on the $700 billion rescue plan for the U.S. financial markets. The president's statement follows late-night talks on Capitol Hill ...

Congress struggles for giant bank bailout compromise

US lawmakers struggled Wednesday to find a compromise on a proposed financial rescue package, amid deep skepticism from some and fears that a lack of action could trigger a financial market calamity. The massive proposal for a 700-billion-dollar aid plan faced a ...