The fate of a consumer financial protection agency was thrown in doubt Friday, as the Senate Banking Committee chief said he planned to push a bill forward without Republican support.
The midterm elections are nine months away, but it's not too early to begin handicapping them -- from a dollars and cents vantage point, that is.
The Democratic state treasurer and a five-term Republican congressman will face off in November to fill the U.S. Senate seat once held by President Obama.
House Speaker Nancy Pelosi said Tuesday the chamber will take up one piece of its health care bill as a separate provision next week.
Complications arose after Rep. John Murtha of Pennsylvania underwent gallbladder surgery, and he remains in a hospital, his spokesman confirmed Tuesday.
Only one-quarter of Americans think the federal stimulus plan has helped the middle class, while a majority say it has helped bankers and investors, according to a new national poll.
With Tea Party activists brewing their own strain of conservativism, Republicans are waging a fierce battle amongst themselves over what it means to be a member of the Grand Old Party.
The president's first State of the Union speech was an attempt to rev up his troops and convince the country he can lead them to the promised land.
Federal Reserve Chairman Ben Bernanke was confirmed for a second term Thursday by the U.S. Senate.
Citing a "deficit of trust" in government by the American people, President Obama's first State of the Union address urged Congress to erode the influence of special interests and work together to confront the nation's most pressing problems.
The fate of a consumer financial protection agency was thrown in doubt Friday, as the Senate Banking Committee chief said he planned to push a bill forward without Republican support.
The midterm elections are nine months away, but it's not too early to begin handicapping them -- from a dollars and cents vantage point, that is.
The Democratic state treasurer and a five-term Republican congressman will face off in November to fill the U.S. Senate seat once held by President Obama.
House Speaker Nancy Pelosi said Tuesday the chamber will take up one piece of its health care bill as a separate provision next week.
Complications arose after Rep. John Murtha of Pennsylvania underwent gallbladder surgery, and he remains in a hospital, his spokesman confirmed Tuesday.
Only one-quarter of Americans think the federal stimulus plan has helped the middle class, while a majority say it has helped bankers and investors, according to a new national poll.
With Tea Party activists brewing their own strain of conservativism, Republicans are waging a fierce battle amongst themselves over what it means to be a member of the Grand Old Party.
The president's first State of the Union speech was an attempt to rev up his troops and convince the country he can lead them to the promised land.
Federal Reserve Chairman Ben Bernanke was confirmed for a second term Thursday by the U.S. Senate.
Citing a "deficit of trust" in government by the American people, President Obama's first State of the Union address urged Congress to erode the influence of special interests and work together to confront the nation's most pressing problems.
President Truman made popular the phrase, "The buck stops here." In his first year, President Obama has invoked that on several occasions, stepping up to take responsibility when his staff or party has messed up.
Even before the polls closed on Tuesday night, Democrats were distancing themselves from their candidate, Martha Coakley, and blaming her stunning loss in the U.S. Senate race in Massachusetts on what they described as a lackluster campaign.
The victory by Massachusetts Republican Scott Brown in the U.S. Senate special election to fill the late Sen. Ted Kennedy's seat, observers have noted, will make or break the health care reform bill in Congress.
Despite knowing Senate Democrats will lose their filibuster-proof majority after Tuesday night's political upset in Massachusetts, House Democrats across the political spectrum largely rejected the idea of passing the Senate health care bill.
A top House Democrat said Tuesday that the Senate health care bill is "better than nothing," an indication that the House of Representatives is considering passing the more conservative Senate measure with no alterations.
Treasurys fell in a quiet trading session Tuesday as investors continued to digest last week's $84 billion offering of U.S. debt.
Dr. Rajiv Shah President Obama announced Wednesday that Shah, the 36-year-old administrator of the U.S. Agency for International Development, will be in charge of the overall U.S. relief effort in Haiti. "The goal of the relief effort in the first 72 hours will be very focused on saving lives," Shah said.
2010 has opened on an unsettling note for Democrats in the U.S. Senate.
Can you tell a Chevy Malibu from a Cadillac Escalade? I'm sure you can, but I've got doubts about the 60 Senators in Washington who want to impose a stiff excise tax on what they call "Cadillac Care" health plans to raise revenue and reduce health spending.
Rudolph Giuliani The New York Daily News and New York Times are reporting that the former mayor of New York City is expected to announce today that he is not running for the U.S. Senate in 2010, or governor or any other office -- and this might be the end of his ambitions as a political candidate. Giuliani, 65, became a national figure for the way he led New York and spoke to the world after the terror attacks of September 11, 2001. In 2007 he was a Republican presidential candidate. During his years of public service he's taken pro-choice and pro-gay stands. "I have always said that he was a good mayor -- just a terrible person," former Mayor Ed Koch told the Daily News. "And by terrible person, I mean he didn't respect anyone else's opinion. But he delivered essential services."
The Democratic health care proposal being debated in the Senate not only contains large new taxes, enormous government expansion and huge spending, but I'm convinced it also seeks to allow federal funding for abortion -- something 61 percent of Americans do not support, according to a CNN/Opinion Research Corp. survey.
With a holiday break looming, the House of Representatives Wednesday rushed to wrap up year-end business, and postponed several major battles until next year.
The congressional health care debate stalled briefly Wednesday as Senate Republicans insisted that a 767-page mega-amendment be read out loud in its entirety.
President Obama met Tuesday with Senate Democrats and emerged to say Congress was "on the precipice" of passing a sweeping health care reform bill.
The U.S. Senate on Sunday approved $447 billion in spending for several Cabinet departments and other agencies for the 2010 budget year -- money needed to fund the federal government after the coming week.
The U.S. Senate on Sunday approved $447 billion in spending for several Cabinet departments and other agencies for the 2010 budget year -- money needed to fund the federal government after this week.
Executives for mortgage companies and government officials faced an angry congressional committee Tuesday concerning some of the problems with the Obama administration's mortgage-aid program aimed at avoiding foreclosures.
Eleven months before crucial midterm elections, a national poll indicates that the public is divided over whether the country would be better off with Democrats or Republicans controlling Congress.
The day after President Obama's inauguration, House Speaker Nancy Pelosi described herself as "on a high."
It's a massive jamboree, with tempers on both sides of the issue running hot and no final deal in sight.
The Indonesian parliament invoked special powers Tuesday and will form its own task force to investigate alleged widespread government corruption.
Have you ever read your credit card contract? If not, you're not alone. Most cardholders never read the long complicated legalese in a credit card agreement.
The Senate is about to embark on what could be the showdown of the year as top Democrats work to push through sweeping health care legislation.
Congress wants to help protect seniors who buy complex investment products that they don't understand or may do more harm than good.
Some family members of 9/11 victims welcomed the announcement that five Guantanamo Bay detainees with alleged ties to the attacks will be tried in a New York civilian court, while others blasted the decision.
Narrow passage of a sweeping health care bill by the House of Representatives portends a continuing difficult fight for President Obama and fellow Democrats to get a bill through the Senate and into law.
The House of Representatives on Saturday night passed a sweeping health care bill by a vote of 220-215.
Tuesday's off-year election may not have had the high stakes of the 2008 presidential election, but several races are significant on the national level:
With a year to go before midterm congressional elections, a new national poll indicates that Americans are divided over whether they'd vote for the Democratic or Republican candidate in their district.
Edward Brooke, the first African-American elected to the U.S. Senate by popular vote, was honored Wednesday with a Congressional Gold Medal.
If you ask each of the 435 members of the House of Representatives whether they believe in cutting government waste, I'm willing to bet they'll all say yes.
The United States Congress inhabits a very different world than the one I came from.
As poll after poll quantifies the public's immense admiration for Barack Obama as the incoming 44th president of the United States, other politicians, especially those elected to serve in the U.S. Congress, continue to yield approval numbers low enough to flash-freeze an elephant (or a donkey) in under a minute.
Asian and European stock markets pushed lower Monday after having the weekend to digest Friday's passage of a $700 billion bank bailout plan in the United States.
Yes, even in banking crises, the Nordics do it better. Can Washington learn a lesson from them?
This week the Republicans gather for their convention. For four days, they will labor under the illusion their party is still relevant. It's not.
While the government has won praise for its war on narco-gangsters, the collateral damage is alarming human rights watchdogs
Dear FSB: I work for a wholesale distribution business that is considering building a new distribution center this year. The U.S. Congress is currently debating an economic stimulus package that would include bonus depreciation that would certainly have an impact on our decision to make an investment now. How can we best express our need for tax relief for small business?
Students will learn about climate change and the role that greenhouse gases are thought to play in global warming.
The President's vow to hold the line on health care spending signals he's trying to shape his legacy as a fiscal conservative
How do people think the Democratic Congress is doing after six months? Lousy. But better than the alternative.
On risks: We haven't had a global financial shock since 1998. I believe that these large and dramatic increases in private pools of capital [hedge funds and private equity] and in the credit derivatives markets since then have helped manage and disperse risk and make the economy more efficient. When we do have one - and it's when, not if; that's not me being negative, it's just that we're not going to defy economic gravity - we'll be seeing for the first time how some of these instruments perform under stress.
Moving the U.S. Congress closer to overhauling the troubled student loan industry, the chairman of the Senate Education Committee Monday unveiled proposals that would affect major lenders.
These are some of the facts from tonight's broadcast that you might find interesting.
What a spectacle, what a mess. What a day for thousands and thousands of illegal aliens and their supporters to march through the streets of many of our biggest cities demanding amnesty for illegally entering the country.
This month on Business Traveller Richard's on a quest for your rights - passenger rights.
Seventeen Republicans joined Democrats on Friday in passing a two-sentence resolution denouncing President Bush's plan to boost troop levels in Iraq.
1. Venezuela President Hugo Chávez will use a strong victory at the polls to tighten his grip on power, amend the constitution to remove a two-term limit, and further marginalize the opposition, re...
A majority of Americans said issues such as the Iraq war, the economy and terrorism would head in the right direction if the Democrats won control of Congress on Tuesday, according to a CNN poll released Monday.
Senate Majority Leader Bill Frist said Sunday that he expects an immigration bill to be passed by week's end, but comments from other U.S. lawmakers left it difficult to predict what kind of legislation might ultimately win passage.
Three years after U.S. forces invaded Iraq and toppled the regime of Saddam Hussein, the cost--in both lives and dollars--continues to mount.
"It is just amazing how parochial Americans are," I heard a voice just in front of me say. "Amazing," agreed another.
President Bush held a year-end news conference in the White House on Monday. The president followed up on his Sunday night speech on Iraq, addressed the controversy surrounding the Patriot Act and took questions on those and other subjects. Here is a partial transcript of Bush's remarks Monday:
Even as the costs of the nation's most expensive storm are added up, it's becoming more and more apparent that the economy has weathered Hurricane Katrina relatively well.
You want irony? This week's CBS News poll reported Congress' approval rating at a dismal 29 percent, the lowest recorded number since 1996, right after that Republican Congress, in a showdown with Democratic president Bill Clinton, followed the unwise leadership of Speaker Newt Gingrich and shut down the government.
THE YEAR IS YOUNG, BUT ALREADY IT has been a most glorious season for business. True, the economy is a delicate flower, deficits are worrisome, and interest rates are stirring. But all that pales c...
Ukrainian President Viktor Yushchenko, who came to power in January after a popular uprising, will address a joint meeting of the U.S. Congress next week, Senate and House leaders said Wednesday.
A Democratic congressman Saturday slammed the Republican-led Congress, saying it is "time for new leadership" and urged voters to elect Democrats to the House and Senate.
The U.S. House of Representatives overwhelmingly approved a bill Wednesday to ban lawsuits by obese customers who say they became overweight by eating at fast-food restaurants.
Conventional wisdom on Wall Street is that when it comes to Washington, gridlock (like greed!) is good. Yeah, but can there be too much of a good thing? A Democratic President and a Republican Cong...
What a long, strange trip it's been. Eight years ago the federal government faced tremendous, mounting deficits, and not even candidate Bill Clinton had the temerity to promise that he would balanc...
There hasn't been much to like about the budget showdown between the Republican Congress and the Clinton White House--unless you're a connoisseur of cheap theatrics, schoolyard gamesmanship, and wh...
As the new Republican Congress talked revolution, investors were waiting nervously to see how interest rates would react to radical promises of tax cuts. Economists warned that if tax reductions in...
For all the talk of tax cuts, what business really wants from a Republican Congress is regulatory relief. For decades a phalanx of powerful Democratic committee chairmen prevented meaningful regula...
As a Member of the United States Congress, I will introduce a bill that will allow parents who earn less than $40,000 and who contribute to the college tuition of their sons or daughters to deduct ...
Questions abound about the working habits of the U.S. Congress. One question is: What does it mean to say that Congress is ''in session,'' as it is repeatedly stated to be nowadays, when in fact ev...
Two years ago, your correspondent had a part-time tour of duty in the Pentagon, serving as editor for a high-level group called the Commission on Integrated Long-Term Strategy (CILS). The commissio...
Historians will record, or better yet forget, that every one of the following happenings happened in 1986, during the tenure of an administration said to be quite conservative: The Attorney General...
Late June: General Motors could announce where it will locate its plant for the Saturn car. About 30 state governors have lobbied GM for the plant site. June 28: The U.S. Congress adjourns for a te...
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