WASHINGTON, March 21- The U.S. Senate overwhelmingly passed a largely symbolic resolution calling for repeal of a 2.3 percent tax on medical device companies on Thursday, as more than 30 Democrats joined Republicans in approving it.
WASHINGTON, March 21- Opponents of a 2.3 percent tax on medical device companies will likely win passage this week in the U.S. Senate of a largely symbolic resolution calling for repeal of the tax, with some Democrats likely to join all Republicans.
The Senate began considering a limited number of amendments on the stop-gap measure to keep the government running the rest of this fiscal year, before a vote on final passage later on Wednesday.
WASHINGTON, March 18- The U.S. Senate on Monday inched closer to passage of a bill to fund federal agencies through Sept. 30 and avoid a government shutdown at the end of this month when existing money runs out.
BOCA RATON, Fla., March 13- Gary Gensler declined to comment on reports that he would serve a second term at the head of the top U.S. derivatives regulator, to see it through the final phase of its Wall Street reform effort. President Barack Obama asked Gensler to remain at the helm of the Commodity Futures Trading Commission.
Democrats say their plan shrinks deficits by $1.85 trillion over 10 years, imposes tax hikes on the wealthy and adds $100 billion in infrastructure spending to boost job growth. "It shows the gulf we have to bridge is just as big as it ever was," said Representative Chris Van Hollen of Maryland, the top Democrat on the House of Representatives Budget Committee.
WASHINGTON, March 12- A 10- year, $4.6 trillion balanced budget proposal unveiled by Republicans on Tuesday could either be shelved within weeks or help jump-start negotiations with President Barack Obama toward a major deficit-reduction deal.
By Lesley Wroughton and David Lawder. WASHINGTON, March 12- U.S. lawmakers late on Monday rebuffed a request by the Obama administration to approve a permanent increase in U.S. funding to the International Monetary Fund in a setback for IMF reforms to boost the voting power of emerging economies.
WASHINGTON, March 11- More than 130 academics and global policy pundits urged the U.S. Congress on Monday to approve delayed changes in voting powers in the International Monetary Fund and warned that failure to do so would diminish U.S. influence in the global financial lender.
WASHINGTON, March 11- More than 130 academics and global policy pundits urged the U.S. Congress on Monday to enact delayed changes in voting powers in the International Monetary Fund and warned that failure to do so would diminish U.S. influence in the global financial lender.
WASHINGTON, March 6- A winter storm all but closed down Washington on Wednesday, but hopes for a political thaw sprouted across the U.S. capital.
*House Republicans reject plan but Senate still considering it. WASHINGTON, March 5- The Obama administration has asked Congress for authority to implement historic voting reforms in the International Monetary Fund that boost the influence of emerging economies like China in the global financial institution, sources said on Tuesday.
*Senate leaders optimistic over government funding legislation. WASHINGTON, March 5- The U.S. Congress is moving rapidly to pass legislation funding the federal government through Sept. 30, as Senate leaders on Tuesday expressed eagerness to avoid any threat of agency shutdowns when money runs out on March 27.
WASHINGTON, March 3- President Barack Obama raised anew the issue of cutting entitlements such as Medicare and Social Security as a way out of damaging budget cuts, a White House official said on Sunday, as both sides in Washington tried to limit a fiscal crisis that may soon hit millions of Americans.
WASHINGTON, March 3- President Barack Obama raised anew the issue of cutting entitlements such as Medicare and Social Security as a way out of damaging budget cuts, a White House official said on Sunday, as both sides in Washington tried to limit a fiscal crisis that may soon hit millions of Americans.
*Government agencies to cut $85 billion in spending. WASHINGTON, March 1- President Barack Obama formally ordered broad cuts in U.S. government spending on Friday night after he and congressional Republicans failed to reach a deal to avert automatic reductions that could dampen economic growth and curb military readiness.
WASHINGTON, March 1- President Barack Obama began a meeting with congressional leaders on Friday to discuss a series of automatic spending cuts that start to take effect later in the day, talks that were not expected to result in a last-minute deal.
*Obama and congressional leaders in talks at White House. Locked in during a bout of deficit-reduction fever in 2011, the time-released "automatic" cuts can only be halted by agreement between Republican lawmakers and the White House.
*Woodward critical of White House account on origin of cuts. WASHINGTON, Feb 28- A prominent Washington journalist said in interviews on Wednesday a senior White House official warned him he would "regret" publishing a story challenging the White House's account of how the idea for automatic spending cuts originated.