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Mitch McConnell

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  • WASHINGTON, July 23- A top official will leave the U.S. Commodity Futures Trading Commission to become the head of a banking group 10 days later in a spin through the revolving regulator-to-lobby-group door that is striking even by Washington standards.

  • Senate bill targets companies that move overseas Wednesday, 23 Jul 2014 | 11:36 AM ET

    WASHINGTON— The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. The Senate voted 93-7 to begin debating the bill, which would prevent companies from deducting expenses related to moving operations to a foreign country.

  • WASHINGTON/ HONG KONG, July 23- A member of the U.S. Commodity Futures Trading Commission will become the new head of a bank lobby group that is fighting the derivatives regulator in court over a crucial new rule curtailing Wall Street.

  • WASHINGTON, July 21- Commissioner Scott O'Malia said on Monday he intends to leave the U.S. Commodity Futures Trading Commission, creating a vacancy just a short while after Chairman Tim Massad took over at the derivatives regulator. Before joining the CFTC, he was the staff director at the Senate Appropriations Subcommittee on Energy and Water Development.

  • Senate Republicans block bill on contraception Wednesday, 16 Jul 2014 | 1:33 AM ET

    Republicans blocked a bill that was designed to override a Supreme Court ruling and ensure access to contraception for women who get their health insurance from companies with religious objections. But Democrats hope the issue has enough life to energize female voters in the fall, when Republicans are threatening to take control of the Senate.

  • Senate backs 2 nominees to serve on energy panel Tuesday, 15 Jul 2014 | 4:15 PM ET

    WASHINGTON— The Senate approved two nominees for the Federal Energy Regulatory Commission on Tuesday under an unusual political deal in which a FERC staff member will eventually be promoted to lead the commission.

  • House votes to slash IRS tax enforcement budget Tuesday, 15 Jul 2014 | 11:48 AM ET

    The House approved the cuts by voice vote after little debate Monday night as it took up a $21 billion spending bill that sets the IRS budget.

  • WASHINGTON, July 13- This year was supposed to be different for Congress. U.S. lawmakers expected that a promising budget deal reached after a government shutdown last year would herald a new normal for passing annual spending bills, moving Congress away from the crisis-driven approach and resulting economic jitters of recent years.

  • WASHINGTON, June 23- President Barack Obama on Monday directed the federal government to give workers more leeway in determining their schedules, part of his goal to make U.S. workplaces more family-friendly- and a broad pitch to Democratic voters ahead of November elections.

  • WASHINGTON, June 10- Top U.S. Senate Democrats and Republicans on Tuesday said they were considering offering American companies a one-time tax break if they repatriate profits stashed abroad.

  • WASHINGTON, June 10- U.S. Senate Minority Leader Mitch McConnell said on Tuesday that Republicans were open to using a tax holiday for multinational companies as way to pay for broad highway construction legislation this year. McConnell said a tax holiday would give firms "the opportunity to bring home overseas profits."

  • WASHINGTON, June 5- The U.S. Senate on Thursday confirmed Sylvia Mathews Burwell as President Barack Obama's new health secretary, making her chiefly responsible for implementing the controversial healthcare law known as Obamacare.

  • WASHINGTON, June 4- Kentucky may be well positioned to meet a carbon emission target for power plants set by federal regulators, even as U.S. Senate candidates there blast the plan, saying it will cripple the state's coal industry. The result: the Bluegrass State may be able to meet EPA targets between now and 2030..

  • The EPA rules would put the United States on a course to reduce overall U.S. power plant emissions 30 percent below 2005 levels by 2030, but each state will have its own target. States, which can comply with individually set goals using a range of actions, must submit their plans to the EPA by June 2016.

  • The EPA rules would put the United States on a course to reduce overall U.S. power plant emissions 30 percent below 2005 levels by 2030, but each state will have its own target. States, which can comply with individually set goals using a range of actions, must submit their plans to the EPA by June 2016.

  • WASHINGTON, May 7- Kentucky Senator Rand Paul bet on a long-shot and lost in North Carolina's contentious Republican Senate primary, raising new questions about the Tea Party hero's bid to woo the party establishment on his way to a 2016 White House race.

  • WASHINGTON, May 6- Republicans in North Carolina will vote on Tuesday on their candidate for a U.S. Senate seat in November, in the first of several primaries this month that will test whether the party's establishment can beat back challenges from Tea Party rivals.

  • WASHINGTON, April 30- U.S. Senate Republicans on Wednesday blocked one of President Barack Obama's top legislative priorities, a bill to raise the federal minimum wage for the first time in five years.

  • April 18- The Obama administration said on Friday it would extend the period of time for federal agencies to weigh in on the Keystone XL oil pipeline, giving no new deadline.

  • Supreme Court ruling that struck down the overall cap on federal election contributions is sending ripples across American politics, as states have begun backing away from their own restrictions on donations and lawyers are forecasting a new wave of challenges to campaign finance laws nationwide.