Most of Wall Street views a budget agreement as a done deal. If it's not, lots of people will have to rethink rosy scenarios for a happy New Year.» Read More
WASHINGTON, Oct 2- President Barack Obama met with Republican and Democratic leaders in Congress on Wednesday to try to break a deadlock that has shut down wide swaths of the federal government, but a solution seemed unlikely as both sides dug in for what could be a long stalemate.
WASHINGTON, Oct 2- President Barack Obama and congressional leaders began a meeting at the White House on Wednesday, a White House official said, as they tried to find a way to end a government shutdown.
*Obama cancels overseas visits to Malaysia, Philippines. WASHINGTON, Oct 2- President Barack Obama scaled back a long-planned trip to Asia on Wednesday and planned a meeting with Democratic and Republican leaders in Congress that both sides said was unlikely to yield an end to the government shutdown.
*Obama cancels overseas visits to Malaysia, Philippines. WASHINGTON, Oct 2- President Barack Obama scrapped part of a long-planned trip to Asia and planned to meet with congressional leaders on Wednesday as a U.S. government shutdown entered a second day with no end in sight.
WASHINGTON, Oct 2- President Barack Obama will meet the four top leaders of Congress at the White House on Wednesday to urge lawmakers to reopen the government and raise the U.S. debt ceiling, a White House official said.
President Barack Obama, his pick to lead the Federal Energy Regulatory Commission stepped aside on Tuesday, saying the nomination was unlikely to pass a key Senate panel.
WASHINGTON, Sept 30- President Barack Obama placed separate calls to congressional leaders on Monday evening as a midnight deadline for a government shutdown drew closer, a White House official said.
Obama called Senate Democratic leader Harry Reid, Senate Republican leader Mitch McConnell, House of Representatives Speaker John Boehner, and House Democratic leader Nancy Pelosi, the official said.
Sen. Ted Cruz talks and talks and talks about his opposition to Obamacare, and his love for "Green Eggs and Ham."
*Must yield to Senate vote later in the day. Republican Senator Ted Cruz slogged into the second day of his marathon attack on Obamacare from the Senate floor on Wednesday, showing almost no signs of relenting after speaking for nearly 16 hours.
*Must yield to Senate vote later in the day. Senator Ted Cruz began on Wednesday the second day of a marathon attack on Obamacare from the Senate floor, but most of his fellow Republicans declined to join the Tea Party favorite.
HONG KONG, Sept 25- Hong Kong shares may see a third straight daily loss on Wednesday, with turnover expected to be subdued by uncertainty over U.S. fiscal and monetary policy, with a U.S. government shutdown looking likelier.
Senator Ted Cruz, a renegade Tea Party favorite, took his fight to defund President Barack Obama's healthcare overhaul to the Senate floor on Tuesday, but most of his Republican colleagues refused to join him.
WASHINGTON, Sept 24- There are signs that the conservative Tea Party movement has pushed other Republicans in the U.S. Congress too far and that a counter-revolt may be brewing.
*Applied Materials shares rise on merger with Tokyo Electron. *Facebook leads Nasdaq on report it could be allowed in China. Tea Party- backed U.S. senators, threatening to stall a bill to fund the U.S. government, ran into a wall of resistance from top Senate Republicans, including Minority Leader Mitch McConnell.
*Applied Materials shares rise on merger with Tokyo Electron. NEW YORK, Sept 24- The S&P 500 was barely higher on Tuesday and on track to end a three-session losing streak after housing data pointed to a slowly improving economy, but gains were limited by concern over budget negotiations in Washington.
WASHINGTON, Sept 24- U.S. Senate Republicans on Tuesday appeared to fall in line with their leaders who want to pass an emergency spending bill by Sept. 30 and avoid government shutdowns, even if it means failing in a drive to destroy "Obamacare."
*Applied Materials shares rise on merger with Tokyo Electron. *Facebook leads Nasdaq on report it could be allowed in China. "We are seeing that once again where, after some weakness, the buyers do kind of dip their toes in," said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research in Cincinnati, Ohio.
*Applied Materials shares rise on merger with Tokyo Electron. *Facebook leads Nasdaq on report it could be allowed in China. The S&P 500 faced a possible fourth straight day of decline, but a gain of nearly 5 percent in Facebook shares led the Nasdaq composite index higher.
*Tea Party senators thwarted in stalling effort. WASHINGTON, Sept 23- A trio of Tea Party- backed U.S. senators threatening to stall a bill to fund the U.S. government ran into a wall of resistance Monday from top Senate Republicans, including Minority Leader Mitch McConnell.