News on Capitol Hill

Wasteful uses of the stimulus plan funds

2010-11-29T15:43:18Z

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Will Our Kids Approve The $25B Bailout For The Big Three?

2010-11-03T00:01:22Z

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Geithner urges bipartisan bid to boost economy

2010-09-22T07:30:13Z

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday the economy was healing but still needs support from both political parties to help small businesses and extend middle-class tax cuts.

"Right now, we need bipartisan action to help reinforce this recovery," he said at a Treasury town-hall m...

Congress sprints for Wall St reform finish line

2010-06-22T09:45:39Z

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 a lot of work to do to in order to meet a goal of complet...

Stimulus, Recovery and the Problem with Politicians

2010-10-22T12:46:10Z

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Obama to refocus bailout on small businesses

2010-06-25T20:12:40Z

Obama to announce help for small businesses in effort to refocus bailout plan

President 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 says the initiatives will make it easier for smaller community bank...

AIG says it spent some bailout money paying banks

2010-10-13T15:17:19Z

Under fire for bonuses, AIG says it spent some bailout money putting up collateral for banks

American 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 Hill over its payment of tens of millions in execu...

Obama team has rocky start in bank bailout revamp

2010-06-26T02:41:22Z

Shaky bailout intro could make the plan a tougher sell later on

That 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 in the blanks in the sprawling bailout overhaul package in the coming days. And lawmakers and market professionals suggested Wednesday that the bad early rev...

S&P Nears First Quarterly Loss

2010-10-23T23:18:51Z

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Don't Forget About All-Important Earnings

2010-10-23T23:18:51Z

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By Any Means Necessary: Stimulus Package Needed Soon

2010-10-21T09:20:16Z

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By Any Mean Necessary: Stimulus Package Needed Soon

2010-10-21T09:20:17Z

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February: The Month When We Deal With All of Our Problems

2010-10-21T09:19:15Z

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Obama sells stimulus to reluctant Republicans

2010-06-26T00:56:26Z

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 Capitol Hill to meet Republicans in the

Obama to mull budget, stimulus with economic team

2010-06-26T01:01:02Z

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 Congress by mid-February. But he faced complaints from 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 Congress by mid-February. But he faced complaints from Capitol Hill to Republican and constituent demands that the 26-year-old ban on offshore drilling and Western shale oil extraction be allowed to expire when the current fiscal year ends September 30. House Speaker Nancy Pelosi omitte...

The Street Version Of Financial Reform

2010-10-21T09:43:12Z

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Bush to make statement on financial crisis

2010-06-25T23:03:27Z

Bush to make statement on congressional negotiations on financial crisis

President 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

2010-07-21T13:41:47Z

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 second day of fierce debate on Capitol Hill amid objections from some lawmakers on the size and scope of the pack...

Bush Sells The Bailout

2010-10-21T09:41:25Z

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Boehner New Congress

2011-01-04T15:01:56Z

House Speaker-designate John Boehner of Ohio arrives for a closed GOP conference on Capitol Hill in Washington, Tuesday, Jan. 4, 2011. (AP Photo/Charles Dharapak)

Eric Cantor of Va. makes his way past reporters before answering questions on Capitol Hill in Washington, Tuesday, Jan. 4, 2011. (AP Photo/Charles Dharapak)

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Congress Health Care

2011-01-03T12:31:31Z

FILE - In this Dec. 22, 2010 file photo, Senate Majority Leader Harry Reid of Nev. is seen in his office on Capitol Hill in Washington. Eager to show who's now in charge, the House's new Republican majority plans to vote to repeal Pr...

Congress Returns

2011-01-02T05:31:34Z

FILE - In this Nov. 18, 2010 file photo, then-Rep.-elect Kristi Noem, R-S.D. speaks during a Republican news conference on Capitol Hill in Washington. The Republican agenda for the 112th Congress that convenes Wednesday may have a greater impact on the 2012 elections th...

Credit Markets

2010-12-31T14:30:44Z

FILE - In this April 14, 2010 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington, before the Joint Economic Committee hearing on the economy. (AP Photo/Pablo Martinez Monsivais, file)