"super committee" still hoping for debt deal

2011-11-13T10:00:07Z

WASHINGTON (Reuters) - The congressional "super committee" is at a difficult point in negotiations on deficit-reduction, but lawmakers said on Sunday they had not given up on reaching an agreement by this month's deadline.

The special congressional committee is tasked with finding at least $1.2 trillion in budget savings over 10 years, but with a November 23 deadline looming, US President Barack Obama urged Congress Saturday to pass his job creation plan without delay, arguing it will make it possible for businesses to hire more workers and for Americans to find jobs.

In his weekly radio and Internet address, Obama said the time for action on his proposal "is now."

"No more games or gridlock. No more division or delay," he stressed. "It's time for the people you sent to Washington

Obama plan "poor substitute" for growth: Boehner

2011-09-15T10:30:17Z

WASHINGTON (Reuters) - The top Republican in Congress on Thursday dismissed President Barack Obama's job-creation package as a "poor substitute" for policies that would boost the economy and ruled out tax increases as a way to close the country's budget gap.

Reuters) - A leading Republican lawmaker would not rule out tax increases on Thursday if they could boost economic growth, adding that "everything is on the table" for a congressional panel charged with forging a deal to cut the deficit.

Representative Dave Camp, head of the tax-writing Ways and Means Committee in the...

Lawmakers to vote on last-minute debt deal

2011-08-01T07:30:35Z

WASHINGTON (Reuters) - Congressional leaders rushed to line up Republican and Democratic votes on Monday for a White House-backed deal to raise the U.S. borrowing limit and avert an unprecedented debt default.

With scars still fresh from the months-long debate over increasing the $14.3 trillion debt ceiling, a new bat...

Snapshot: Developments in U.S. debt talks

2011-07-21T10:00:23Z

WASHINGTON (Reuters) - Here is what's happening on Thursday in negotiations to raise the U.S. government's $14.3 trillion debt limit by August 2 and avoid a U.S. credit default:

* No face-to-face meetings between President Barack Obama and congressional Democratic and Republican leaders scheduled. That could change.

*...

SEC top attorney didn't recuse himself on Madoff

2011-02-28T10:30:07Z

WASHINGTON (Reuters) - The top attorney for the U.S. securities regulator was advised not to recuse himself from handling Bernard Madoff matters for the agency even though his family's estate had invested with the swindler.

Outgoing Reuters) - When Hal Scott testified on financial reform before the Senate last February, he identified himself simply as a Harvard Law School professor and director of an independent research group.

He also had some other relevant experience: Scott is on the board of Lazard, a...

Bush-era tax deal could include jobless benefits

2010-11-16T11:00:36Z

WASHINGTON (Reuters) - A deal on a temporary extension of the Bush-era tax rates could emerge that would also renew unemployment benefits for 2 million Americans about to lose them, top lawmakers said on Tuesday.

A senior Republican in the House of Representatives said he could back extendi...

White House Happy Hour

2010-11-30T13:57:09Z

...

Hobbled Dems, eager GOP back for lame-duck session

2010-11-15T05:00:06Z

Lame-duck session starts with lots to do, dim prospects for achievements

Lame-duck sessions are usually unpopular and unproductive. Nothing suggests otherwise this year.

Seven weeks ahead of the GOP House takeover, hobbled Democrats and invigorated

House Senate Still At Odds Over Extensions for Expiring Tax Breaks

2010-11-29T14:57:48Z

...

House Rejects Bailout Plan Stocks Tumble

2010-11-29T14:57:48Z

...

Somber Mood for Market

2010-11-29T14:57:48Z

...

Bailout Bill Sweeteners

2010-11-30T13:25:28Z

...

Bailout Bill Passes

2010-11-30T13:25:28Z

...

Renewing Bush tax cuts may slip to 2011: GOP Camp

2010-11-04T07:01:01Z

WASHINGTON (Reuters) - The incoming Republican chairman of the powerful tax-writing committee in the House of Representatives said on Wednesday extending Bush-era tax cuts for all income groups could slip into next year if Democrats don't compromise with Republicans.

"If we don...

Rep. John Boehner pledges oversight of financial reform

2010-11-03T09:30:29Z

WASHINGTON (Reuters) - House of Representatives Republican leader John Boehner on Wednesday said the implementation of the financial reform bill will require a significant amount of congressional oversight.

(Reporting by

Virginia House Democrat Boucher loses re-election: networks

2010-11-02T18:01:02Z

WASHINGTON (Reuters) - Virginia Democratic Representative Rick Boucher lost his re-election bid on Tuesday to Republican state lawmaker Morgan Griffith, CNN<...

Resurgent GOP closes in on House win, eyes Senate

2010-10-30T13:30:14Z

Republicans capitalize on voter discontent, set sights on winning US House and even eye Senate

Resurgent Republicans appear poised to capture control of the House if not the Senate on Tuesday in elections midway through President Barack Obama's term, reaping a rich harvest of voter discontent with the econom...

How Will the Government Bailout Help the Average Citizen?

2010-11-02T14:44:09Z

...

Campaign taps fears about job outsourcing

2010-10-13T15:30:54Z

LORAIN, Ohio (Reuters) - Hoping to tap into deep voter anxiety about unemployment and the stumbling economy, candidates in both parties have launched a wave of new attacks accusing their rivals of helping ship U.S. jobs overseas.

On the campaign trail and in television ads ahead of November 2 elections, dozens of President Barack Obama on Thursday called top Democratic allies to a White House strategy huddle barely one month before elections in which the party fears a rout that may paralyze his agenda.

Obama held closed-door talks with Democratic House Speaker Nancy Pelosi, Democra...

Big Apple Funds Eye SmallCap Equity

2010-11-02T15:45:32Z

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Senate Approves Bailout Plan

2010-11-02T15:45:32Z

...

Pelosi hedges on timing of Bush-era tax vote

2010-09-24T08:45:07Z

WASHINGTON (Reuters) - Speaker Nancy Pelosi on Friday would only commit to a vote in the House of Representatives on extending middle class tax cuts this year, succumbing to Democratic divisions about the wisdom of vote before t...

Obama to Republicans: stop playing games on tax cuts

2010-09-15T16:47:06Z

US President Barack Obama Wednesday told Republicans to stop "playing games" and back an extension to middle class tax cuts, firing a fresh shot in the escalating mid-term election campaign.

Obama accused Republicans of blocking the move just to ensure the richest Americans also get a handout he said the country could not afford.

"Right now we could decide that every American household would receive a tax cu...

House passes state aid bill; Obama signs into law

2010-08-10T15:30:50Z

WASHINGTON (Reuters) - The House of Representatives on Tuesday approved, and President Barack Obama promptly signed into law, an election-year bill providing $26 billion to struggling states by closing tax loopholes for multinational companies and cutting food aid to the poor.

House Passes Financial Reform, Senate to Vote Soon

2010-11-02T14:45:15Z

...

Fight over states' Medicaid help heats up

2010-06-09T14:00:47Z

WASHINGTON (Reuters) - A measure introduced on Tuesday in the U.S. Senate to help states pay for healthcare is already having a rocky time, and governors from across the country are rallying to try to get it passed.

Under the $863 billion U.S. economic stimulus plan passed last year, the federal government'...

US Congress faces more hard work on Wall Street overhaul

2010-06-26T04:00:26Z

US President Barack Obama held a strategy session Friday with the two key lawmakers tasked with shepherding a sweeping financial regulatory overhaul bill to his desk in a matter of weeks.

Obama, who has made enacting the measure his top domestic goal, met in private with Senate...

Senate Financial Reform Bill Survives Committee

2010-10-25T13:04:49Z

...

Stimulus transportation under scrutiny

2010-06-25T18:37:15Z

by Lisa Lambert

WASHINGTON (Reuters) - As the anniversary of the passage of the U.S. economic stimulus plan looms and President Barack Obama presses for new jobs legislation, states and the government are assessing the impact the program has had on transportation.

"The transportation industry was th...

House Bill Could Encourage Bank Lending

2010-10-27T07:41:08Z

...

Ala. governor counts on federal money for budgets

2010-06-25T18:56:52Z

Ala. gov no fan of 2nd federal stimulus bill, but he's counting on it to balance state budgets

Gov. Bob Riley is relying on Congress to pass a second federal stimulus bill that he doesn't support so Alabama can get more than $1 billion to balance the next state budgets and prevent major cuts in services.

The Republican governor presented budget proposals Wednesday...

Road builders: US House vote big win for Michigan

2010-06-25T19:17:05Z

Michigan big winner under US House stimulus bill, which eases state match requirement

Michigan might not have to give up hundreds of millions of dollars in federal road money after all.

The U.S. House on Wednesday voted to exempt the state from having to make matching contributions in a new $154 billion federal stimulus package.

Michigan road builders said Thursda...

House approves sweeping financial reforms

2010-09-22T13:50:47Z

WASHINGTON (Reuters) - The House of Representatives approved the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration and top Reuters) - The No. 2 Democrat in the House of Representatives said on Tuesday he supports raising the United States' debt ceiling to a high enough level so lawmakers will not have to boost it again before the November 2010 congressional elections.

"We ought to...

Senator challenges SEC registration bill

2010-10-24T09:40:20Z

...

Aid for jobless, homebuyers clears Congress

2010-06-25T19:56:13Z

WASHINGTON (Reuters) - The U.S. Congress approved more aid for jobless workers and broadened tax breaks for homebuyers and businesses on Thursday and sent the measure to President Barack Obama to sign into law.

The measure, which aims to breathe life into the ailing Reuters) - The Federal Reserve should lose its authority to bail out big, failing financial firms like AIG and Bear Stearns under proposed reforms aimed at ...

New bill to make seizure of US companies easier: report

2010-06-25T20:09:20Z

A bill to be introduced in Congress by a key ally of President Barack Obama would make it easier for the US government to seize control of troubled financial institutions that are considered too big to be allowed to fail, The New York Times reported.

Citing a senior administration offici...

House panel to hear Geithner on reforms: aide

2010-06-25T20:10:21Z

WASHINGTON (Reuters) - U.S. Treasury Secretary Timothy Geithner and other regulators will testify next Thursday before a House of Representatives committee on systemic risk and other financial reform issues, said a House aide.

Geithner will be joined by House panel votes to speed up new credit card rules to have them in effect on Dec. 1

The House Financial Services Committee has voted to speed up the enactment of tough new credit card rules from mid-February of next year to Dec. 1 of this year.

President Barack Obama has already signed le...

Key US House panel approves consumer protection agency

2010-06-25T20:11:36Z

A key US House of Representatives panel voted Thursday to create a government agency to defend consumers from abuses by financial institutions partly blamed for sparking the global economic crisis.

US President Barack Obama cheered the 39-29 vote by the ALL BUSINESS: Banks' lobbying blitz threatens overhaul of financial regulations

Get over it, America. Wall Street bankers make too much money. The latest example: Goldman Sachs says it has set aside $16.7 billion so far this year for compensation — or about $530,000...

FACTBOX-Major U.S. financial regulation reform proposals

2010-10-22T07:47:05Z

...

Ahead of the Bell: House hearing on overhaul

2010-04-16T09:58:10Z

House panel puts financial overhaul focus on investor protection, supervising investment funds

House lawmakers crafting legislation to overhaul the system of financial regulation are focusing on the key elements of investor protection and bringing investment funds under government supervision as they hear the views of regulators, industry officials and investor advocates.

The Cash for Clunkers program that has been giving car buyers up to $4,500 to replace old cars with new, more fuel-efficient vehicles will operate through the weekend, the Transportation Dept. said July 31. Meanwhile, the House of Representatives voted Friday to add $2 billion to the program, which unexpec...

US House pumps 2 bln dollars into 'cash for clunkers'

2010-06-25T21:14:30Z

The US House of Representatives voted Friday to pump another two billion dollars into a program that lets consumers trade in gas-guzzling cars and trucks for more efficient vehicles.

Lawmakers voted 316-109 to prime the "cash-for-clunkers" program with monies taken from a giant economic stimulus package appro...

House approves $2 billion "clunker" extension

2010-10-22T11:15:43Z

WASHINGTON (Reuters) - The U.S. House of Representatives approved on Friday a $2 billion extension of the "Cash-for-Clunkers" automobile sales incentive program.

The Democratic proposal would run through September 30, 2010, and tap funds from a...

Congress slams agencies for slow stimulus spending

2010-10-22T07:43:13Z

...

Congress moving to shore up depleted fed programs

2010-04-16T11:06:53Z

Congress, before summer break, acting to keep highway, unemployment, mortgage programs afloat

Congress has moved quickly to replenish depleted federal programs, including one supporting jobless benefits, that are in danger of running short of money while lawmakers are out of town in August.

The House and Senate have voted in succession to approve the package that adds $7 billion to the highway trust fund, ensures the continued flow of federal aid to states u...

Lawmakers support restrictions on executive pay

2010-06-25T21:18:34Z

House panel votes to prohibit financial firms from offering pay packages that encourage risk

A House panel voted Tuesday to prohibit large financial firms from offering corporate pay packages that encourage executives to take big risks, going further than what President Barack Obama wanted to curb excessive salaries and ...

House panel delays action on new consumer agency

2010-06-25T21:24:03Z

WASHINGTON (Reuters) - A key U.S. congressional committee has delayed action on legislation to create a consumer financial protection agency, in order to give consumer advocates a chance to weigh in, a congressional aide said on Tuesday.

The House Fi...

Obama reforms reach from campus to corner office

2010-10-22T07:42:33Z

...

Major business events scheduled for Friday

2010-04-16T11:22:01Z

Calendar of major business events scheduled for Friday

Major business events and economic events scheduled for Friday:

WASHINGTON — Commerce Department releases housing starts for June, 8:30 a.m.

CHARLOTTE, N.C. — Bank of Americ...

Business events scheduled for the coming week

2010-10-22T12:02:32Z

MONDAY, July 13

WASHINGTON _Treasury releases federal budget for June, 2 p.m.; House Financial Services subcommittee hearing on preventing unfair trading by government officials.

JACKSONVILLE, Fla. — CSX Corp. reports second-quarter financial results.

NEW YORK — Prominent lawyer

Frank to unveil U.S. consumer agency bill Wednesday

2010-06-25T21:34:51Z

WASHINGTON (Reuters) - The powerful chairman of the House Financial Services Committee plans to introduce legislation on Wednesday that would create a new consumer financial protection agency that would strip powers away from current regulators, a spokesman said.

Administration: Consumer agency will boost enforcement, make financial products understandable

President Barack Obama asked Congress on Tuesday to create a new agency to police the fine print on credit card bills and mortgage documents and determine what fees, penalties and interest rates are fair.

The Co...

Rep Hoyer: House to eye financial reforms soon

2010-06-25T21:52:55Z

WASHINGTON (Reuters) - The U.S. House of Representatives will deal with proposals to tighten financial regulation in late July or soon after Congress's August recess, House Democratic Leader Steny Hoyer said on Tuesday.

"My thought is that regulatory reform will be very much ...

Obama reform plans target banks, securitization

2010-06-25T21:53:43Z

WASHINGTON (Reuters) - The Obama administration will target critical weaknesses in the troubled U.S. financial system, such as thin bank capital cushions and eroded lending standards, when it proposes an overhaul of financial regulation this week, two senior officials said on Monday.

In the fullest summary to date of the administration's reform plan, Reuters) - Congressional committees have tentatively scheduled more than a dozen hearings between now and mid-July to examine proposals to overhaul U.S. financial regulation, said congressional aides on Monday.

Hearings not previously announced include one on Monday, June 22, at the Senate securities subcommittee focused on regulating over-the-coun...

US bailout repayment seen bigger than expected-report

2010-10-21T10:00:32Z

...

Obama to sign credit card crackdown into law

2010-09-22T13:53:52Z

WASHINGTON (Reuters) - President Barack Obama was expected to sign into law on Friday a package of sweeping new limits on credit card interest rates and fees that won final approval from the U.S. Congress on Wednesday .

In a major victory for the president and congressional AIG bonuses behind, Washington contemplates executive pay standards for all

One could almost hear the page turn.

Last week, Congress raged over employee bonuses paid by insurance conglomerate American International Group Inc. On Tuesday, lawmakers listened soberly as

Dickens was not, of course, referring to the outlook for the renewables sector in 2009, but he easily could have been...

Weekend Madoffs

2010-10-21T09:20:25Z

...

US Senate churns towards stimulus vote

2010-06-26T02:44:22Z

US President Barack Obama's Democratic Senate allies held out hopes of a compromise Friday on passing his huge economic stimulus package, but warned they could also muscle the bill through.

"I would hope that we can complete this legislation tomorrow. I have hopes and I'm cautiously optimistic that we can do that," Democratic Senate Majority Leader Harry Reid told colleagues ...

Republican senators vow to resist Obama stimulus plan

2010-06-26T02:50:20Z

Angry Republican senators vowed Thursday to put up a fight against President Barack Obama's economic stimulus bill after the package passed the House of Representatives with no opposition support.

The senators denied they were indulging in political games against Obama, insisting that the 819-billion-dollar stimulus bill would prove a col...

REDISTRICTING

2010-12-19T08:31:27Z

Graphic shows possible changes in U.S. House seats based on projected 2010 apportionment

...

Rangel

2010-12-03T10:30:53Z

This video frame grab image provided by House Television shows Rep. Charles Rangel, D-N.Y., speaking of the floor of the House of Representatives on Capitol Hill in Washington, Thursday, Dec. 2, 2010. (AP Photo/House Television)

Congress Turf Wars

2010-11-19T14:32:43Z

Rep.-elect Bob Gibbs, R-Ohio, picks his office furniture and decor as the incoming House of Representatives members picked their office space, Friday, Nov. 19, 2010, on Capitol Hill in Washington. (AP Photo/Harry Majority Whip James Clyburn of S.C. speaks during a news conference on Capitol Hill in Washington. Seven weeks ahead of the GOP Hou...

WOMEN IN CONGRESS

2010-11-04T15:03:09Z

Graphic shows number of women in the U.S. House and Senate from 1917 to present

...

News on U.S. House Of Representatives

House Republicans push for new payroll tax cut talks

House sets Tuesday vote on payroll tax cut talks

Obama faces battle as House vows to block tax deal

Obama aide: Republicans playing politics on taxes

House defies Obama on payroll tax bill

House Republicans fall into line on payroll tax

"super committee" still hoping for debt deal

Obama plan "poor substitute" for growth: Boehner

Lawmakers to vote on last-minute debt deal

Snapshot: Developments in U.S. debt talks

SEC top attorney didn't recuse himself on Madoff

Bush-era tax deal could include jobless benefits

White House Happy Hour

Hobbled Dems, eager GOP back for lame-duck session

House Senate Still At Odds Over Extensions for Expiring Tax Breaks

House Rejects Bailout Plan Stocks Tumble

Somber Mood for Market

Bailout Bill Sweeteners

Bailout Bill Passes

Renewing Bush tax cuts may slip to 2011: GOP Camp

Rep. John Boehner pledges oversight of financial reform

Virginia House Democrat Boucher loses re-election: networks

Resurgent GOP closes in on House win, eyes Senate

How Will the Government Bailout Help the Average Citizen?

Campaign taps fears about job outsourcing

Big Apple Funds Eye SmallCap Equity

Senate Approves Bailout Plan

Pelosi hedges on timing of Bush-era tax vote

Obama to Republicans: stop playing games on tax cuts

House passes state aid bill; Obama signs into law

House Passes Financial Reform, Senate to Vote Soon

Fight over states' Medicaid help heats up

US Congress faces more hard work on Wall Street overhaul

Senate Financial Reform Bill Survives Committee

Stimulus transportation under scrutiny

House Bill Could Encourage Bank Lending

Ala. governor counts on federal money for budgets

Road builders: US House vote big win for Michigan

House approves sweeping financial reforms

Senator challenges SEC registration bill

Aid for jobless, homebuyers clears Congress

New bill to make seizure of US companies easier: report

House panel to hear Geithner on reforms: aide

Key US House panel approves consumer protection agency

FACTBOX-Major U.S. financial regulation reform proposals

Ahead of the Bell: House hearing on overhaul

US House pumps 2 bln dollars into 'cash for clunkers'

House approves $2 billion "clunker" extension

Congress slams agencies for slow stimulus spending

Congress moving to shore up depleted fed programs

Lawmakers support restrictions on executive pay

House panel delays action on new consumer agency

Obama reforms reach from campus to corner office

Major business events scheduled for Friday

Business events scheduled for the coming week

Frank to unveil U.S. consumer agency bill Wednesday

Rep Hoyer: House to eye financial reforms soon

Obama reform plans target banks, securitization

US bailout repayment seen bigger than expected-report

Obama to sign credit card crackdown into law

Weekend Madoffs

US Senate churns towards stimulus vote

Republican senators vow to resist Obama stimulus plan

REDISTRICTING

Rangel

Congress Turf Wars

WOMEN IN CONGRESS