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  • WASHINGTON— Congress accomplished relatively little in a short work period, missing deadlines on the budget and on helping Puerto Rico with its financial crisis as lawmakers began a weeklong break. "It's very, very hard to get anything done if you are a drive-by Congress," House Minority Leader Nancy Pelosi, D- Calif., said Friday. Over the past month, the Senate...

  • BOSTON— Her parents didn't hail from the planet Krypton, and she was never bitten by a radioactive spider, but that hasn't stopped Elizabeth Warren from starring as a comic book hero. "Female Force: Elizabeth Warren" tells the true-life story of Warren's rise from Oklahoma schoolgirl to U.S. senator and champion of the liberal wing of the Democratic Party.

  • WASHINGTON, April 14- Democratic and Republican lawmakers are working in "good faith" to finalize legislation addressing Puerto Rico's debt crisis by May 1, Nancy Pelosi, the Democratic leader in the U.S. House of Representatives, said on Thursday. Republicans who control Congress outlined a plan this week to help Puerto Rico write off billions of dollars in debt...

  • WASHINGTON, April 13- The U.S. Congress was ironing out a new plan on Wednesday to rescue Puerto Rico from crippling debts that threaten the island territory's funding for hospitals and emergency services, as the treatment of bondholders simmers as a point of contention. It would steer creditors and holders of Puerto Rico bonds toward a new, independent board...

  • WASHINGTON, April 13- House Republicans' rescue plan to help Puerto Rico shed crippling debt has problems and could hurt residents of the U.S. commonwealth, House Democratic Leader Nancy Pelosi said, adding that the proposed legislation is "fixable." Leading House Republicans on Tuesday outlined their plan, which would steer creditors and holders of Puerto Rico...

  • WASHINGTON, April 12- Leading Republicans on Tuesday outlined a plan to help Puerto Rico shed crippling debt and accused investor-allied groups of misleading lawmakers about the proposal. The rescue would steer creditors and holders of Puerto Rico bonds toward a new, independent board that would seek a fair way to write down an estimated $70 billion in debt.

  • Puerto Rico, with $70 billion in total debt and a 45 percent poverty rate, faces economic collapse without a solution to its debt. If those talks failed, Puerto Rico or its agencies could restructure debt under rules similar to U.S. bankruptcy law, including in certain situations via "cram-down"- forcing cuts on creditors that do not agree to them.

  • WASHINGTON/ SAN JUAN, March 29- A U.S. congressional draft bill to steer Puerto Rico through its economic crisis was released on Tuesday with elements of U.S. bankruptcy law opposed by creditors who want to keep the island's debt talks out of court. Puerto Rico has $70 billion in debt, with major bond payments due in coming months. The bill "provides Puerto Rico with...

  • WASHINGTON/ SAN JUAN, March 29- A draft of a bill to steer Puerto Rico through its economic crisis would incorporate key elements of U.S. bankruptcy law, a blow to creditors who have long lobbied to keep the island's debt talks out of court. Puerto Rico faces $70 billion in debt, including major bond payments due in coming months. The bill "provides Puerto Rico with...

  • WASHINGTON, Feb 4- The U.S. House of Representatives passed legislation on Thursday that would curb a Justice Department initiative aimed at cutting off perpetrators of fraud from the banking system. The goal of the program, frequently called " Operation Choke Point," has been to hold banks accountable while sniffing out law breakers, according to the department.

  • NEW YORK, Dec 21- Democratic senators introduced emergency legislation for Puerto Rico to establish a short-term stay on creditor litigation to allow the debt-ridden island to restructure its debts, according to a press release from Senator Richard Blumenthal's office on Monday. Treasury has urged Congress to act quickly to address the island's debt...

  • WASHINGTON, Dec 18- The U.S. Congress voted on Friday to repeal the 40- year-old ban on exporting U.S. crude oil in an energy policy shift sought by Republicans as part of a bipartisan deal that also provided unprecedented tax incentives for wind and solar power. The Senate, on a 65-33 vote, passed a $1.1 trillion government spending bill that included the measure to...

  • WASHINGTON, Dec 18- Puerto Rico's governor on Friday lambasted Congress for failing to act on its debt crisis even as U.S. House of Representatives lawmakers pledged to address the island's fiscal woes early next year after they return to Washington from a holiday break. "Despite being fully aware of and warned about Puerto Rico's fiscal and economic crisis,...

  • WASHINGTON, Dec 18- The U.S. Congress neared completion of sweeping tax and budget legislation on Friday that will stave off the threat of government shutdowns for most of next year and boost military and domestic spending while giving the oil industry the gift of crude exports. Lawmakers were rushing to finish a $1.15 trillion bill to fund the government...

  • WASHINGTON, Dec 18- U.S. House Democratic leaders expect enough votes to pass the $1.15 trillion government funding bill later on Friday, U.S. House Democratic Leader Nancy Pelosi and U.S. After the sweeping spending measure passes the House of Representatives, it will be combined with a separate tax bill already approved. The Senate may act later Friday on the...

  • *Legislation now goes to the Senate. WASHINGTON, Dec 17- A massive bill that extends billions of dollars in tax assistance to businesses and expands the budget deficit won U.S. House of Representatives approval on Thursday in the closest thing to a grand bipartisan tax bargain in years. The bill now goes to the Senate, where it will likely be voted on together with a...

  • WASHINGTON, Dec 17- U.S. House Democratic Leader Nancy Pelosi on Thursday said she was not confident enough Democrats will support the massive government funding bill, which includes allowing oil exports, to ensure its passage, although she plans to vote for the legislation. Democrats also have other concerns about the $1.15 trillion bill to fund the...

  • WASHINGTON, Dec 17- A massive bill that extends billions of dollars in tax assistance to businesses and expands the budget deficit won U.S. House of Representatives approval on Thursday in the closest thing to a grand bipartisan tax bargain in years. The measure now goes to the Senate, where it will likely be voted on together with a $1.1 trillion spending bill...

  • WASHINGTON, Dec 17- The U.S. House of Representatives on Thursday passed a massive tax bill that makes permanent and enhances tax credits to aid business research and development, the working poor, children and other temporary tax breaks as lawmakers moved to avoid a government shutdown. Another $58 billion in tax breaks are part of a $1.1 trillion spending bill...

  • WASHINGTON, Dec 16- Businesses would get billions of dollars in tax assistance on a permanent basis, while middle-class Americans would make gains too, under a $680- billion tax package hurtling toward approval with bipartisan support in the U.S. Congress on Wednesday. The House of Representatives was slated to vote on the package on Thursday, and the Senate as...