Democrats, searching for campaign issues before November's congressional elections, have jumped on inversions, and several of them have offered bills that would curb the deals.» Read More
The Obama administration is planning to use the government’s enormous buying power to prod private companies to improve wages and benefits for millions of workers, according to White House officials and several interest groups briefed on the plan.
As key senators continue work on crafting a bipartisan bill for financial reform, Treasury Secretary Timothy Geithner is meeting with major trade groups today in an effort to build momentum.
The Obama administration redoubled its efforts on Tuesday to overhaul the nation’s financial regulations, saying it would not back down from its efforts to restrict the trading activities of banks and to create a consumer agency to regulate financial products.
Senior Democrats say the House is preparing to quickly pass a $15 billion job-creating measure once it is approved by the Senate, illustrating new urgency on the part of Democrats to show they are taking steps to improve the national employment picture.
Former Vice President Dick Cheney has been admitted to George Washington University Hospital in Washington after suffering from chest pains, NBC News has learned.
How well do you know the time when Bob Dylan went electric, LSD went mainstream and "Laugh-In" made sense of it all? Take our 1960s Boomer culture quiz and find out.
Senate banking committee Chairman Christopher Dodd (D-Conn.) and Republican member Bob Corker (R-Tenn.) hope to have a draft version of a bipartisan bill on financial regulatory reform next week with markup beginning the following week
Scott Phillips had to close his small plumbing company after the housing bubble burst and his business dried up. Roshonda Bolton lost her job when the garment and uniform factory where she had worked for 16 years shut down last August.
Senator Evan Bayh’s comments this week about a dysfunctional Congress reflected a complaint being directed at Washington with increasing frequency, and there is broad agreement among critics about Exhibit A: The unwillingness of the two parties to compromise to control a national debt that is rising to dangerous heights. The New York Times reports.
Vice President Joe Biden says the White House is ready and willing to listen to health care ideas from Republicans. President Obama has invited members of both parties to the White House for a televised meeting on Feb. 25
Senators Chris Dodd (D-Conn.) and Bob Corker (R-Tenn.) have agreed to shelve the Consumer protection agency part of the financial reform package making its way through Congress, according to Dodd.
A decade ago, New York City officials were so reluctant to give out food stamps, they made people register one day and return the next just to get an application. The welfare commissioner said the program caused dependency and the poor were “better off” without it.
President Barack Obama said a Tuesday meeting with top House and Senate leaders from both parties "went very well," but continued to ask for more bipartisan cooperation on pending legislative matters.
President Obama’s proposals to tax and curb the activities of Wall Street have thrown an unpredictable element into the debate over financial regulatory reform. They also have touched off an intensive new round of lobbying and raised questions in Congress over whether his plan will add urgency or merely bog things down.
Many Americans think President Obama should spend more time on the economy and think his health-care plan is a bad idea, according to a new NBC News/Wall Street Journal poll.
The Supreme Court’s decision to treat business entities as “people” has fired up political pundits and lobbyists on all sides, writes William Dunkelberg, Economics Professor at Temple University.
Amid growing opposition in the Senate to Bernanke winning a second term, CNBC has learned that the Democratic leadership is still gauging support for the beleaguered central bank chief.
President Obama wants to cut down to size those too-big-to-fail banks. But his vow on Thursday to rewrite the rules of Wall Street left many questions unanswered, the New York Times reports, including the big one: Would this really prevent another financial crisis?
President Barack Obama and his Democratic allies are conceding for the first time that they may have to accept a less ambitious health overhaul bill than the massive one they've struggled for a year to assemble.
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