A Senate immigration bill would cost $6.3 trillion over 50 years to provide benefits for millions now in the U.S. illegally, the Heritage Foundation says in a controversial study.» Read More
WASHINGTON, April 18- President Barack Obama is preparing to name a new regulator to oversee mortgage financiers Fannie Mae and Freddie Mac, and economist Mark Zandi is a leading choice among the candidates, according to people familiar with the process.
WASHINGTON, April 16- President Barack Obama on Tuesday embraced a sweeping overhaul of the nation's immigration system put forward by a bipartisan group of U.S. senators, saying it was "largely consistent" with his own principles for immigration reform.
WASHINGTON, April 16- A group of Democratic and Republican U.S. senators on Tuesday unveiled long-awaited landmark legislation to remove the threat of deportation for millions of illegal immigrants and give them an opportunity to eventually become U.S. citizens.
By Richard Cowan and Rachelle Younglai. WASHINGTON, April 16- A bipartisan group of U.S. senators on Tuesday unveiled long-awaited landmark legislation to remove the threat of deportation for millions of illegal immigrants and give them an opportunity to eventually become U.S. citizens.
WASHINGTON, April 11- After months of negotiations, a bipartisan group of U.S. senators aims to roll out a comprehensive immigration bill on Tuesday, giving President Barack Obama new hope that one of his top priorities for 2013 will advance in Congress.
WASHINGTON, April 11- U.S. senators negotiating an immigration bill have reached agreement on wages for foreign farm laborers working in the United States and a limit on visas for such workers, Democratic Senator Dianne Feinstein said on Thursday.
*Senate could debate bill in May. WASHINGTON, April 9- Senate negotiators on Tuesday were putting the finishing touches on a bipartisan immigration bill as labor and agriculture groups argued about restrictions on immigrant farmworkers and their pay, lawmakers and officials involved in the negotiations said.
WASHINGTON, April 7- A bill to overhaul the U.S. immigration system would likely be completed by the end of this week, two senior U.S. senators said on Sunday.
The network called "pivot" will reach 40 million homes through deals it struck with Pay TV companies such as DirecTV when it launches in August. Operators such as Cablevision and Dish Network Corp also are complaining about escalating fees to carry networks and advocating an "a la carte" model to let consumers choose the channels they want.
*AFL-CIO, Chamber of Commerce trade accusations. The source said Democrats presented a plan and Republicans accepted it, but when senators showed it to the AFL-CIO, the labor union federation said no. But, according to the AFL-CIO, Democrats presented Republicans with a plan and the Republicans rejected it.
*Experts say Senate probe could add to bank's legal woes. WASHINGTON, March 15- Ina Drew, the former JPMorgan Chase& Co executive who earned millions while in charge of the unit that made the disastrous " London whale" trades, refused on Friday to accept responsibility for the $6.2 billion in losses revealed last year.
*Experts say Senate probe could add to bank's legal woes. WASHINGTON, March 15- Ina Drew, the former JPMorgan Chase& Co executive who earned millions while in charge of the unit that made the disastrous " London whale" trades, on Friday refused to accept responsibility for the $6.2 billion in losses revealed last year.
*Former exec Ina Drew points to her direct reports. WASHINGTON, March 15- Ina Drew, the former JPMorgan Chase& Co executive in charge of the unit that made the disastrous "London Whale" trades that became public last year, told lawmakers on Friday that she does not bear personal responsibility for the $6 billion in losses.
WASHINGTON, March 14- JPMorgan Chase& Co ignored risks, misled investors, fought with regulators and tried to work around rules as it dealt with mushrooming losses in a derivatives portfolio, a Senate report alleged in a damning review of the largest U.S. bank's management.
WASHINGTON, March 14- Senior managers at JPMorgan Chase& Co, including Chief Investment Officer Ina Drew, were told for months about the bad derivatives bets that ended up costing the bank $6.2 billion but did little to rein them in until it was too late, according to a U.S. Senate report.
Senator John Hoeven of North Dakota said after the private dinner with Obama at the Jefferson Hotel near the White House. Hoeven said he felt "genuine desire" among the people in the room to tackle tax and entitlement reform in the next four to five months, as the White House and Congress face a series of deadlines to fund the government and deal with the debt ceiling.
It was not clear when Wednesday's meeting, which has not been confirmed by the White House, would take place, with the federal government shut down as Washington faced heavy snow forecasts. The White House on Sunday suggested talks could center around a broad budget deal that includes new tax revenues as well as reforms to entitlement programs.
*White House has said law forces cuts to be made across-the-board. WASHINGTON, Feb 24- With five days left before $85 billion is slashed from U.S. government budgets, governors and lawmakers from both parties said the White House and Congress should pull out the stops to avert indiscriminate cuts.
WASHINGTON, Feb 20- President Barack Obama denied on Wednesday that the leak of a backup immigration bill being drafted by the White House would hurt Senate negotiations on immigration reform and he confidently predicted Congress would pass legislation.
The Democratic president told the three Republicans that he supports the Senate immigration initiative and "hopes that they can produce a bill as soon as possible that reflects shared core principles on reform," the White House said in a statement.