A bill to wind down mortgage financiers Fannie Mae and Freddie Mac would leave a decision on how to treat their private shareholders to the courts.» Read More
WASHINGTON, Jan 9- Federal Reserve Chairman Ben Bernanke on Thursday offered an optimistic view on the U.S. economy's prospects to Democratic senators, but warned that "tough decisions" were ahead on dealing with long-term budget deficits and healthcare costs, according to lawmakers present.
WASHINGTON, Jan 9- U.S. Senate negotiators on Thursday mulled a new Democratic proposal to revive federal unemployment benefits until mid-November and pay the $18 billion price tag with new spending cuts, Senate Majority Leader Harry Reid said. "The package does what the Republicans wanted," Reid said on the Senate floor.
WASHINGTON, Jan 9- Two of the U.S. Senate's biggest environmental boosters have launched a drive to revive the issue of climate change in Congress and defend President Barack Obama's climate action plan against opposition from Republicans.
WASHINGTON, Jan 9- U.S. Senate negotiators were close to a deal on extending expired jobless benefits through November and paying the estimated $18 billion cost through future spending cuts, a senior Senate Democratic aide said on Thursday.
*White House opposes, says would harm talks with Iran. WASHINGTON, Jan 9- More than half of U.S. senators support a bill to impose new sanctions on Iran should the Islamic Republic break an agreement to curb its nuclear program, aides said on Thursday, but there was no plan yet to debate the measure.
*White House opposes, says would harm talks with Iran. WASHINGTON, Jan 9- More than a majority of U.S. senators support a bill to impose new sanctions on Iran should the Islamic Republic break an agreement to curb its nuclear program, aides said on Thursday, but there was no plan yet to debate the measure.
WASHINGTON, Jan 6- With many lawmakers unable to get to Washington because of record freezing temperatures, the U.S. Senate abruptly postponed until Tuesday a vote on a White House- backed bill to extend jobless benefits for 1.3 million Americans.
WASHINGTON, Jan 6- Negotiations over a $1 trillion U.S. spending bill to implement last month's budget deal were snagged on some partisan policy disputes on Monday, just days before another government shutdown deadline on Jan. 15, according to congressional aides.
WASHINGTON, Jan 5- The U.S. Congress begins its legislative year on Monday with an emphasis on economic and fiscal affairs, including legislation to fund the government beyond Jan. 15 and the likely confirmation of Janet Yellen as the first woman to head the Federal Reserve.
WASHINGTON, Jan 5- The U.S. Congress begins what promises to be another highly combative year on Monday with a showdown over a White House- backed bid to renew unemployment benefits for 1.3 million Americans.
WASHINGTON, Dec 27- President Barack Obama and Democrats will make a major push when Congress returns Jan. 6 to renew expired benefits for the unemployed and will seek to pressure Republicans over the issue by painting them as uncaring toward the middle class. With Congress in recess, no last-minute fix is possible.
Top White House economic adviser Gene Sperling said in a statement issued on Friday that a failure to renew emergency jobless benefits would harm the economy and he urged Congress to move quickly to pass a short-term extension of the aid.
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.
CNBC's Rick Santelli discusses the latest action in the bond market, and explains how logistics move the market.
Senate Majority Leader Harry Reid was hospitalized as a "precaution" after feeling ill, and doctors concluded "everything is normal" after testing.
*Senate to vote on Friday on IRS nominee. *Vote schedule part of end-of-year Senate deal.
*Senate debate to begin on Friday. *Senate set to vote on Friday on IRS nominee. Under a tentative schedule and working around the clock, the Senate would vote to confirm Mayorkas before dawn on Friday, followed later in the day by John Koskinen to head the Internal Revenue Service and Brian Davis to be a federal judge in Florida.
WASHINGTON, Dec 19- Despite opposition from the Obama administration, 26 U.S. senators introduced legislation on Thursday to impose new sanctions on Iran if the country breaks an interim deal under which Tehran agreed to curb its nuclear program.
WASHINGTON, Dec 17- A two-year U.S. budget deal that eases some automatic spending cuts cleared a crucial Senate test vote on Tuesday, all but assuring its passage by a simple majority later this week in the Democratic-controlled Senate.
WASHINGTON, Dec 16- The U.S. derivatives regulator on Monday said Commissioner Mark Wetjen would bridge a leadership gap at the agency just as it starts to oversee the $630 trillion swaps market for the first time.