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Harry Reid

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  • Obama wants limits on US company mergers abroad Thursday, 24 Jul 2014 | 3:03 AM ET

    LOS ANGELES— Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers. "I don't care if it's legal," Obama declared.

  • Senate bill targets companies that move overseas Wednesday, 23 Jul 2014 | 11:36 AM ET

    WASHINGTON— The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. The Senate voted 93-7 to begin debating the bill, which would prevent companies from deducting expenses related to moving operations to a foreign country.

  • Democrats to unveil $2.7B bill on alien children Tuesday, 22 Jul 2014 | 2:44 AM ET

    With just two weeks before lawmakers' sacrosanct August break, progress is decidedly mixed on several must-pass items due to Capitol Hill partisanship, heightened by midterm elections and the Obama administration's conflicting signals to Congress.

  • Representative Jeb Hensarling wrote a scathing letter to Jay Timmons, president of the National Association of Manufacturers, and James McNerney, chairman of Boeing, referring to reports they were visiting lawmakers to promote the reauthorization of the bank.

  • WASHINGTON, July 21- A Republican House committee chairman scolded Boeing Co and a large U.S. trade group on Monday for lobbying to keep the Export-Import Bank alive, saying their efforts amounted to petitioning for "special privilege."

  • WASHINGTON, July 21- U.S. Senate leaders were nearing an agreement to vote this week on a $10.9 billion transportation funding extension already passed by the House of Representatives, signaling a desire to minimize drama over road construction money this summer.

  • WASHINGTON, July 21- U.S. Senate leaders were nearing an agreement to vote this week on a $10.9 billion transportation funding extension already passed by the House of Representatives, signaling a desire to minimize drama over road construction money this summer.

  • Senate Republicans block bill on contraception Wednesday, 16 Jul 2014 | 1:33 AM ET

    Republicans blocked a bill that was designed to override a Supreme Court ruling and ensure access to contraception for women who get their health insurance from companies with religious objections. But Democrats hope the issue has enough life to energize female voters in the fall, when Republicans are threatening to take control of the Senate.

  • WASHINGTON, July 15- The U.S. House of Representatives on Tuesday overwhelmingly passed a $10.9 billion extension of U.S. transportation funding through May 2015, a measure aimed at averting cutbacks in August in federal money for road, bridge and transit projects.

  • WASHINGTON, July 13- This year was supposed to be different for Congress. U.S. lawmakers expected that a promising budget deal reached after a government shutdown last year would herald a new normal for passing annual spending bills, moving Congress away from the crisis-driven approach and resulting economic jitters of recent years.

  • WASHINGTON, July 11- The U.S. Congress will ultimately support an extension of an interim agreement of talks on Iran's nuclear program, lawmakers and congressional aides said, despite calls by Republicans and some Democrats to abandon negotiations and return to tough sanctions to deter Tehran from building a nuclear bomb.

  • WASHINGTON, June 24- A push to save the United States' export credit agency struck a new hurdle on Tuesday when Congress's top Republican refused to throw his support behind the Export-Import Bank after news that bank staff were under investigation for graft.

  • US STOCKS-Wall St rises slightly after Fed statement Wednesday, 18 Jun 2014 | 3:01 PM ET

    *Amazon CEO Bezos unveils "Fire" smartphone; stock climbs. *FedEx shares hit all-time high after quarterly profit.

  • *Adobe, FedEx higher after earnings. NEW YORK, June 18- U.S. stocks were little changed Wednesday, on the heels of a three-day winning streak for the S&P 500 index and ahead of a monetary policy announcement by the Federal Reserve.

  • *A Republican-run Senate would be more open to trade deals. A Republican victory in the Senate may prevent the chamber's Democrats, backed by labor unions concerned about the impact of free trade on American jobs, from blocking trade legislation favored by both President Barack Obama and Republican leaders.

  • WASHINGTON, June 11- Legislation to allow student loan borrowers to refinance at lower interest rates failed to clear a procedural hurdle in the U.S. Senate on Wednesday, dooming a measure that was a Democratic priority ahead of November congressional elections.

  • WASHINGTON, June 10- Top U.S. Senate Democrats and Republicans on Tuesday said they were considering offering American companies a one-time tax break if they repatriate profits stashed abroad.

  • WASHINGTON, June 2- The fate of President Barack Obama's new regulations for curbing greenhouse gas emissions from existing U.S. power plants likely lies in the hands of a Washington, D.C., appeals court he largely reshaped through a series of key appointments.

  • WASHINGTON, May 15- A Senate panel on Thursday approved legislation to wind down Fannie Mae and Freddie Mac and redesign the U.S. mortgage finance system, but sparse support among Democrats means the measure is unlikely to make it into law.

  • WASHINGTON, May 15- A Senate panel on Thursday approved legislation to wind down Fannie Mae and Freddie Mac and redesign the U.S. mortgage finance system, but sparse support among Democrats means the measure is unlikely to make it into law.