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John McCain

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  • Digital dilemma: How will US respond to Sony hack? Thursday, 18 Dec 2014 | 3:05 AM ET

    The fallout from the hack that exposed a trove of sensitive documents, and this week escalated to threats of terrorism, forced Sony to cancel release of the North Korean spoof movie "The Interview." Federal investigators believe there is a connection between the Sony hack and the isolated communist nation, according to an official who spoke on condition of...

  • WASHINGTON— A Congress that began with bright hopes for immigration legislation is ending in bitter divisions on the issue even as some Republicans warn that the political imperative for acting is stronger than ever for the GOP. Lindsey Graham of South Carolina, an author of the comprehensive immigration bill that passed the Senate last year with bipartisan...

  • Senator Carl Levin has introduced a bill seeking to crack down on trading on inside information in physical commodities, the first U.S. legislation limiting Wall Street banks' ability to deal in physical markets from crude oil to aluminum. The bill, sponsored by the Michigan Democrat and co-sponsored with Republican John McCain, is seen as Levin's parting...

  • U.S. Senate Democrats push votes on Obama's nominees Monday, 15 Dec 2014 | 3:58 PM ET

    WASHINGTON, Dec 15- With the clock ticking down on their Senate majority, Democrats pushed on Monday to win approval for some of President Barack Obama's stalled nominations for government posts. The Senate will vote on Murthy, Saldana and three other nominees on Monday and Tuesday as part of Majority Leader Harry Reid's late push to get nominations through the...

  • Sen. McCain vows Jones Act will be repealed one day Friday, 5 Dec 2014 | 3:37 PM ET

    WASHINGTON, Dec 5- Senator John McCain said a more than 90- year-old law that requires ships servicing coastal businesses to be built and mostly staffed by U.S. crews will be repealed sooner or later if lawmakers keep fighting the trade restriction. The Department of Homeland Security issued a rare waiver of the act in 2012 when superstorm Sandy led to fuel...

  • When legislation materializes, it would follow a year and half of congressional inactivity in the aftermath of the passage of a sprawling Senate bill backed by Obama but killed by the House. House Homeland Security Committee Chairman Michael McCaul likely will oversee the effort, according to leadership aides. The 2013 Senate bill's pathway to citizenship...

  • WASHINGTON/ NEW YORK, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. In an often heated hearing before the Senate's Permanent Subcommittee on Investigations, Senator...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday took the lead in rejecting allegations by a powerful U.S. Senate subcommittee that Wall Street banks were exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. The public airing of concerns about banks' ownership of physical commodities and assets from...

  • WASHINGTON, Nov 20- Goldman Sachs Group Inc on Thursday rebutted allegations made by a powerful U.S. Senate committee report that condemned Wall Street banks for exploiting physical commodity markets to manipulate prices and gain unfair trading advantages. JPMorgan Chase& Co and Morgan Stanley, which will also address the panel, have both made major moves to...

  • WASHINGTON, Nov 13- An influential group of U.S. lawmakers, including John McCain, in line to become the head of the Senate's powerful Armed Services Committee, on Thursday pledged to thwart the Pentagon's plans to retire the U.S. fleet of A-10 "Warthog" aircraft. The Pentagon, facing mandatory "sequestration" budget cuts, has sought to eliminate all of the...

  • Hot politician? Depends on your party bias Tuesday, 4 Nov 2014 | 11:32 AM ET
    Mitt Romney and President Barack Obama.

    Voters generally find candidates associated with their political party are more attractive, reports Today Show.

  • WASHINGTON, Oct 6- Former Treasury Secretary Henry "Hank" Paulson told a packed courtroom on Monday that AIG shareholders were singled out for punishment as part of the U.S. government's attempt to contain the contagion of the 2008 financial crisis. "AIG, either fairly or unfairly,... became a symbol for all that is bad on Wall Street," Paulson said as he testified about...

  • Weapons makers like Lockheed Martin, Northrop Grumman, Boeing and Raytheon anticipate new markets for their goods. Russian aggression in Ukraine is reviving long-dormant European demand, while the emerging militant Islamist threat in Iraq and Syria has underpinned already strong Middle Eastern demand.

  • NEW YORK, Aug 20- As the first U.S. oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that makes it three times more expensive to ship by water between U.S. ports than to sail to a foreign port.

  • Private prison companies Geo Group and competitor Corrections Corporation of America, for example, stand to gain if Congress approves any emergency funding for family detention facilities.

  • NEW YORK, July 29- A bipartisan group of U.S. lawmakers warned on Tuesday that restricting Mexican sugar imports would inflate food prices and threaten U.S. food manufacturers, the latest sign that pressure is growing on Washington to avoid trade barriers.

  • Republican lawmakers introduced legislation on Wednesday that would force President Barack Obama to submit quickly to Congress any comprehensive nuclear agreement with Iran and give lawmakers the chance to reject the deal and reimpose sanctions.

  • Department of Justice official on Wednesday issued a thinly veiled threat to Bank of America Corp, saying that banks under investigation for shoddy mortgage securities they sold before the financial crisis must admit to misconduct and pay substantial penalties or face lawsuits from the agency.

  • NEW DELHI, July 3- Newly elected Indian Prime Minister Narendra Modi pushed for improving U.S. ties during a meeting with Senator John McCain in New Delhi on Thursday, as the two countries seek to patch up their differences and boost their economic relationship.

  • NEW DELHI, June 29- Western governments are rushing to visit India's new Prime Minister Narendra Modi, drawn by the prospect of multi-billion-dollar deals as the government prepares to open the nascent defence industry to foreign investment.