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Mitch McConnell

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  • WASHINGTON— Republicans running Congress have promised to use every weapon in their arsenal to take down President Barack Obama's health care law. It's the only filibuster-proof option available to Republicans, who control the Senate with 54 seats but must still muster 60 votes to pass other legislation. Ted Cruz, R- Texas, told a Heritage Foundation gathering...

  • WASHINGTON— President Barack Obama is turning to his biggest television audience of the year to pitch tax increases on the wealthiest Americans and put the new Republican Congress in the position of defending top income earners over the middle class. Tax increases are rarely welcomed by congressional Republicans, who now hold majorities in the House and the...

  • WASHINGTON— President Barack Obama will call for increasing taxes on the wealthiest Americans by raising the capital gains rate and eliminating a tax break on inheritances, then using the revenue to fund new tax credits and other cost-saving measures for the middle class. The president's proposals are likely to be cheered by the Democratic Party's liberal...

  • Foreign holdings of US Treasury securities up Friday, 16 Jan 2015 | 4:00 PM ET

    Treasury securities rose to a record level in November following two months of declines, reflecting a big increase in purchases by Japan. The Treasury Department said Friday that foreign holdings increased 1 percent to a record $6.11 trillion in November following small declines in October and September. Japan, the No. 2 foreign buyer of Treasury debt, boosted...

  • WASHINGTON— President Barack Obama and Republican congressional leaders paid lip service to the notion of bipartisanship in their first meeting of the year Tuesday, but neither side appeared to give ground on GOP priorities that have been met with a flurry of veto threats from the White House. The Keystone measure and immigration bill are among the five veto...

  • WASHINGTON— Democrats hoped to use Senate consideration of the Keystone XL oil pipeline to get Republicans on the record about climate change and to resurrect parts of a bipartisan energy efficiency bill doomed by pipeline politics last year. The first bill of the Republican-controlled Senate seeks to approve construction of the long-delayed pipeline.

  • WASHINGTON, Jan 12- The U.S. Senate advanced a bill on Monday to approve the Keystone XL oil pipeline as Republicans, who have made the project their first priority of the year, try to line up enough votes to overcome a potential veto by President Barack Obama. Backers of TransCanada Corp's project also have 63 supporters, including all 54 Republicans, to take...

  • WASHINGTON, Jan 12- Democrats appear to have little recourse against a House of Representatives rule change that could prompt a steep cut to Social Security disability benefits next year, congressional aides said on Monday. Without an injection from the main Social Security retirement fund, the disability program would have to cut benefits by some 20 percent,...

  • Sheldon Whitehouse said Monday that he is introducing three bills designed to generate $310 billion over 10 years by closing tax loopholes. The Rhode Island Democrat said tax reform is one area in the new Republican-controlled Senate where there is an opportunity for "significant bipartisan progress." Susan Collins also believes that the nation's tax code...

  • WASHINGTON, Jan 12- The Senate will start debate on Monday on a bill to approve the Keystone XL oil pipeline as Republicans, who have made the project their first priority of the year, try to line up enough votes to overcome a potential veto by President Barack Obama. Senator John Hoeven of North Dakota, a co-sponsor of the bill to approve TransCanada Corp's pipeline,...

  • WASHINGTON— Legislation approving construction of the Keystone XL oil pipeline cleared an initial Senate hurdle Monday, a victory for newly empowered Republicans angling for a quick veto showdown with President Barack Obama. The bipartisan 63-32 vote was 3 more than the 60 required, and well above the level the highly controversial measure ever gained in...

  • WASHINGTON, Jan 9- The Nebraska Supreme Court on Friday removed one of the last hurdles for President Barack Obama to settle the fate of the politically charged Keystone XL oil pipeline, delivering a closely watched decision on an issue that could help define his second term. After months of deliberation, the court allowed a route for the pipeline to cross the...

  • WASHINGTON, Jan 8- Supporters and critics of free trade are readying for a bitter battle this year over major free trade deals and legislation to fast-track trade agreements through the U.S. Congress. Unions, progressive lawmakers, consumer advocates, environmentalists, and social justice and human rights lobbyists kicked off a campaign on Thursday to oppose...

  • WASHINGTON, Jan 8- U.S. Senate Republicans on Thursday advanced a bill to approve construction of the Keystone XL oil pipeline, their top priority in a new campaign to push back President Barack Obama's policies now that they fully control Congress. The Republican-led Senate Energy Committee approved the measure on a 13-9 vote, sending it to the full Senate for...

  • A bill to give the White House fast-track power, allowing Congress a yes-or-no vote on trade deals in exchange for setting negotiating goals, did not advance in the last Congress but new legislation will be introduced in 2015.. "It's the start of the new Congress and we are up, up and away," said Democrat Rosa DeLauro, citing plans for speeches, letters and meetings, "the...

  • WASHINGTON, Jan 7- The U.S. House of Representatives voted on Wednesday to reauthorize a federal terrorism insurance program sought by insurers and owners of sports stadiums and shopping malls, after lawmakers let it expire at the end of 2014.. Lawmakers were unable to agree last year on a plan to extend the program, which was created after the Sept. 11, 2001,...

  • WASHINGTON, Jan 6- Republican senators this week made good on a campaign promise and kicked off the new Congress with a bill to approve the Keystone XL pipeline, saying if President Barack Obama vetoes it, they have a plan to pass the measure later in the year. Senator John Hoeven, a North Dakota Republican, introduced a bill on Tuesday to approve TransCanada Corp's...

  • WASHINGTON/ HONOLULU, Jan 4- Republicans take full control of the U.S. Congress this week with an agenda of trying to force approval of the Keystone XL oil pipeline and push back on President Barack Obama's sweeping policy shifts on Cuba and immigration. Angry over the president's moves last year to bypass Congress on issues such as immigration, Republicans have...

  • President Barack Obama said on Friday that construction of the Keystone XL pipeline to transport crude oil from Canada to the U.S. Gulf Coast would only nominally benefit American consumers and workers in perhaps his strongest comments on the Canada- to-U.S. pipeline to date. His comments come as Republican leader Mitch McConnell has said his party's first...

  • WASHINGTON, Dec 17- Republican Senator Mike Enzi said on Wednesday he will take over as chairman of the Senate Budget Committee next year after the panel's current top Republican, Jeff Sessions, agreed to step aside. The two senators had contested the chairmanship of the committee that will provide a key blueprint for Republican policy priorities as the party...