Puerto Rico Electric Power Authority, also known as PREPA, reached a deal with creditors to make a $416 million payment» Read More
WASHINGTON, Aug 11- Senior U.S. lawmakers from both political parties on Tuesday condemned China's surprise currency devaluation as a grab for an unfair export advantage and urged inclusion of currency manipulation curbs in a new Pacific Rim trade deal. Several members of Congress said the devaluation of the yuan by China's central bank on Tuesday raised...
WASHINGTON, Aug 7- If the U.S. Congress votes down the nuclear deal with Iran, President Barack Obama could rapidly find himself facing many negative reverberations, including a painful predicament with China, current and former U.S. officials said on Friday. China, one of six world powers that negotiated with Tehran, has reduced the amount of Iranian oil it buys, as...
Governor Alejandro Garcia Padilla of Puerto Rico dropped a bombshell on debt holders a week ago by saying he wanted to restructure debt and postpone bond payments. He urged changes to U.S. bankruptcy laws that currently exclude Puerto Rico. Like U.S. states, Puerto Rico cannot file for bankruptcy protection.
SAN FRANCISCO, June 3- The last time Hillary Clinton ran for the White House in 2008, Aaron Levie was too busy building his start-up company to pay much attention to politics. The campaigns of various White House hopefuls are looking to reel in the younger Silicon Valley influencers like Levie who could help raise some money for their candidates and also bring...
ABOARD THE EMPIRE BUILDER, May 28- Its passengers are mostly silver-haired retirees, oil-field workers and a few young families gazing out the windows of Amtrak's least-profitable and third-longest line, rumbling from Chicago through eight states and on to the American West Coast. A coach ticket between Spokane, Washington and Williston, capital of North...
Another top Democrat, Senator Chuck Schumer, said there was strong bipartisan support for a measure to discourage China from currency manipulation that could be part of the "trade promotion authority" legislation that is being considered by the Senate Finance Committee on Wednesday.
WASHINGTON, April 16- Senior U.S. lawmakers reached agreement on Thursday on the wording of a bill aimed at giving the White House "fast track" authority to negotiate a Pacific trade pact that is central to President Barack Obama's strategic shift toward Asia. The Obama administration announced in late 2009 that it was entering TPP negotiations with Australia,...
WASHINGTON, April 16- Senior U.S. lawmakers reached agreement on Thursday on a bill to give the White House "fast track" authority to negotiate a trade pact with 11 other Pacific nations that is central to President Barack Obama's strategic shift toward Asia. The White House has faced pressure to make progress on the bill ahead of a meeting between Obama and...
House Speaker John Boehner is raising the possibility that the Department of Homeland Security may shut down because of a budget impasse.
Sen. Charles Schumer is calling for federal investigations of high airfares, questioning why they're not dropping along with fuel costs.
The first wave of people who had contact with the original Dallas Ebola patient who died were taken off a watch list early Monday.
High-ranking lawmakers from both parties had urged Pierson to resign.
U.S. Sen. Charles Schumer is proposing legislation to ban 10 flame retardants from upholstered furniture and children's products.
Congress finally returns this week after its long recess and prepares to do what it does best: Absolutely nothing, Politico's Ben White says.
Plenty of behind-the-scenes maneuvering it taking place to get a huge Chobani shipment sent to Sochi for Team USA.
Everyone wants a smartphone, especially muggers. Law enforcement officials are pressuring the industry to require "kill switch" technology.
Surprise! Washington could be slightly less dysfunctional next year. Keep an eye on the debt ceiling, tax reform and mid-term elections. POLITICO's Ben White reports.
Speaker Boehner said that the GOP would offer a temporary increase in the debt ceiling in return for discussions with Obama on the budget and deficit.
Sen. Chuck Schumer warns that if the market thinks these games are going to become routine, another downgrade is possible.
Sen. Charles Schumer, (D-NY), says he will fight to get the longest term debt ceiling deal possible. "It is the right thing to do for the markets, country, and citizens."