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Kevin McCarthy

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  • WASHINGTON, Dec 11- A planned vote on a $1.1 trillion bill to keep the U.S. government operating beyond midnight on Thursday has been delayed in order to give the House of Representatives' Republican leaders more time to shore up support for the bill. Mike Long, a spokesman for House Majority Leader Kevin McCarthy said: "Leadership teams are still talking to their...

  • Democrats objected to the House plan but let it move forward, passing 417-7. It was not clear whether the Democrat-controlled Senate would take up the same version. "I urge the Senate to move on this bill and vote for these needed reforms," House Majority Leader Kevin McCarthy, a Republican, said in a statement. The House bill reauthorizes the program for six years...

  • E-cigarette tech takes off as regulation looms Monday, 8 Dec 2014 | 3:01 AM ET

    "I think it's fair to say that there will always be some degree of a gap between and the latest innovations," Mitch Zeller, director of the U.S. Food and Drug Administration's Center for Tobacco Products, said in a recent interview with The Associated Press. It's unclear how quickly regulation will proceed, but the FDA seems to be taking a deliberate approach.

  • In a move that sets up another round of debate over the extenders in 2015, senior Republicans said a short-term extension would be approved for the package, with the House of Representatives acting as soon as this week. The Obama administration weighed in, with Treasury Secretary Jacob Lew meeting with congressional Democrats and saying in a statement that...

  • The Obama administration also weighed in, with Treasury Secretary Jacob Lew meeting with congressional Democrats and saying in a statement that the White House was "open to supporting shorter-term alternatives" on the extenders. At a cost of tens of billions of dollars to taxpayers, the 55- item extenders package also includes some very narrow measures, such...

  • WASHINGTON, Dec 2- The Republican lawmaker who will soon become the top tax law writer in the U.S. House of Representatives on Tuesday said dozens of temporary federal tax breaks would be renewed for one year, setting aside any effort to restructure them. A tentative deal to change how Congress handles them collapsed last week after a White House veto threat.

  • WASHINGTON, Nov 13- U.S. Senate Democrats expanded the ranks of their party leadership on Thursday to include Senator Elizabeth Warren, a leader of the party's liberal wing and a possible presidential contender in 2016.. Democrats, who lost control of the Senate in last week's midterm elections, created a new post for Warren as a strategic policy adviser to help...

  • WASHINGTON, Sept 10- U.S. businesses that rely on the Export-Import Bank for financing are uneasy about a Republican plan for a nine-month extension of the bank's charter, fearing uncertainty about the lender's future could put them at a disadvantage against overseas competitors.

  • WASHINGTON, Sept 9- Republican leaders in the House of Representatives edged closer on Tuesday to an agreement for a short-term extension of the U.S.

  • WASHINGTON, Sept 9- Representative Jeb Hensarling, a Texas Republican who has been a key opponent of the U.S. Export-Import Bank, now supports a short-term extension of the bank's mandate, opening the door the door to a temporary reprieve for the export lender, House of Representatives Speaker John Boehner said on Tuesday.

  • WASHINGTON, Aug 23- President Barack Obama on Saturday urged business owners to press Congress to reauthorize the U.S. Export-Import Bank, which could halt any new financing Sept. 30- as some conservative Republicans hope it will- if lawmakers fail to act.

  • WASHINGTON, Aug 23- President Barack Obama on Saturday urged business owners to press Congress to reauthorize the U.S. Export-Import Bank, which could halt any new financing Sept. 30- as some conservative Republicans hope it will- if lawmakers fail to act.

  • WASHINGTON, Aug 20- Business backers of the U.S. Export-Import Bank said on Wednesday they hope the institution's charter will be extended temporarily while Congress hashes out a longer-term reauthorization of the bank, which some lawmakers are bent on closing.

  • WASHINGTON, Aug 8- Reauthorization of the U.S. Export-Import Bank was left off a list of items that the No. 2 Republican in the House of Representatives expects his party to take up in September, raising new questions about the bank's future.

  • Senate to consider bill to keep Export-Import Bank open Wednesday, 30 Jul 2014 | 9:31 PM ET

    The 80- year-old bank will be forced to close unless Congress acts to renew its charter by Sept. 30, but critics led by Texas congressman Jeb Hensarling have decried it as corporate welfare.

  • Representative Jeb Hensarling wrote a scathing letter to Jay Timmons, president of the National Association of Manufacturers, and James McNerney, chairman of Boeing, referring to reports they were visiting lawmakers to promote the reauthorization of the bank.

  • WASHINGTON, July 21- A Republican House committee chairman scolded Boeing Co and a large U.S. trade group on Monday for lobbying to keep the Export-Import Bank alive, saying their efforts amounted to petitioning for "special privilege."

  • WASHINGTON, June 27- The U.S. Export-Import Bank, derided by conservative critics as an expensive boondoggle, may win a reprieve from what looked like almost certain death in Congress if enough Republicans can be persuaded to let it live on, but with its wings clipped.

  • WASHINGTON, June 25- If the battle over the U.S. Export-Import Bank is Washington's latest political tempest, then Don Nelson from Bakersfield, California is aiming at the eye of the storm.

  • WASHINGTON, June 25- The future of the U.S. Export-Import Bank was thrown further into doubt on Wednesday after an influential conservative lawmaker labeled the bank an example of corporate cronyism that benefits multi-nationals at the expense of taxpayers and many small companies.