WASHINGTON, May 7- The Senate Banking Committee chairman warned Tuesday the U.S. Export-Import Bank could be forced to stop operations in two months unless the Senate quickly approves the nomination of Fred Hochberg to lead the government-run bank for another four years.
*Cuts to Social Security retirement program loom. WASHINGTON, April 10- The White House proposed a budget on Wednesday that would trim the U.S. deficit over three years by requiring millionaires to pay more in taxes and enacting spending cuts to replace the "sequester" reductions that went into place last month.
The Senate began considering a limited number of amendments on the stop-gap measure to keep the government running the rest of this fiscal year, before a vote on final passage later on Wednesday.
WASHINGTON, March 20- Federal Communications Commissioner Robert McDowell, the senior member of the agency's Republican minority, said on Wednesday he will leave in coming weeks after a seven-year tenure that promoted deregulation of the Internet and the telecom market.
WASHINGTON, March 14- President Barack Obama and Republican senators on Thursday discussed working on a stand-alone corporate tax reform bill rather than the more comprehensive approach to updating the U.S. tax code that has been the goal of both political parties.
WASHINGTON, March 14- President Barack Obama and Republican senators on Thursday discussed the possibility of working on a stand-alone corporate tax reform bill, although no decisions were made during their meeting in the U.S. Capitol.
*Obama discusses deficit reduction with Paul Ryan. President Barack Obama expanded his fledgling search for Republican allies on a possible deficit-reduction deal when he hosted lunch on Thursday for Paul Ryan, one of the House of Representatives' leading fiscal conservatives.
President Barack Obama expanded his fledgling search for Republican allies on a possible deficit-reduction bargain when he hosted lunch on Thursday for Paul Ryan, one of the House of Representatives' leading fiscal conservatives.
WASHINGTON, March 6- A winter storm all but closed down Washington on Wednesday, but hopes for a political thaw sprouted across the U.S. capital.
*Washington may be responding to public impatience. WASHINGTON, March 6- Legislation easily passed the U.S. House of Representatives on Wednesday to avert another partisan budget battle and a possible government shutdown, as President Barack Obama also opened new lines of communication with Republicans.
The bill to continue funding the government without last-minute drama came as President Barack Obama took the unusual step of inviting Republican Senators to dinner Wednesday night at a Washington hotel a few blocks from the White House.
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.
*Senate leaders optimistic over government funding legislation. WASHINGTON, March 5- The U.S. Congress is moving rapidly to pass legislation funding the federal government through Sept. 30, as Senate leaders on Tuesday expressed eagerness to avoid any threat of agency shutdowns when money runs out on March 27.
WASHINGTON, March 3- President Barack Obama raised anew the issue of cutting entitlements such as Medicare and Social Security as a way out of damaging budget cuts, a White House official said on Sunday, as both sides in Washington tried to limit a fiscal crisis that may soon hit millions of Americans.
WASHINGTON, March 3- President Barack Obama raised anew the issue of cutting entitlements such as Medicare and Social Security as a way out of damaging budget cuts, a White House official said on Sunday, as both sides in Washington tried to limit a fiscal crisis that may soon hit millions of Americans.
WASHINGTON, March 3- President Barack Obama has reached out to Republican and Democratic lawmakers in search of a resolution to automatic across-the-board U.S. government spending cuts, a White House official said on Sunday, but Republican congressional leaders offered little hope for a quick solution.
*Government agencies to cut $85 billion in spending. WASHINGTON, March 1- President Barack Obama formally ordered broad cuts in U.S. government spending on Friday night after he and congressional Republicans failed to reach a deal to avert automatic reductions that could dampen economic growth and curb military readiness.
WASHINGTON, March 1- President Barack Obama, who said just days ago that he had no interest in playing a "blame game," spent much of a news conference on Friday pointing fingers at Republicans after last-ditch talks with congressional leaders failed to avert automatic spending cuts from kicking in later in the day.
WASHINGTON, March 1- President Barack Obama began a meeting with congressional leaders on Friday to discuss a series of automatic spending cuts that start to take effect later in the day, talks that were not expected to result in a last-minute deal.