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  • 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.

  • Democratic senators introduce Puerto Rico legislation Monday, 21 Dec 2015 | 12:40 PM ET

    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...

  • WASHINGTON, Dec 16- U.S. House of Representatives Democratic leader Nancy Pelosi said on Wednesday concerns have risen about the Republican tax extender and U.S. spending bill, including billions of dollars in what she called special interest tax breaks. "Republicans' tax extender bill provides hundreds of billions of dollars in special interest tax breaks...

  • WASHINGTON, Dec 16- U.S. House of Representatives Democratic leader Nancy Pelosi said on Wednesday concerns have risen about the Republican tax extender and U.S. spending bill, including billions of dollars in what she called special interest tax breaks. "Republicans' tax extender bill provides hundreds of billions of dollars in special interest tax breaks...

  • WASHINGTON, Dec 11- Congressional negotiators edged closer to a historic deal to lift a 40- year-old ban on most U.S. crude oil exports as part of a massive government spending bill, but the talks were far from conclusion, congressional aides said late on Friday. The Wall Street Journal quoted Senator Heidi Heitkamp, a Democrat from North Dakota, a major new oil...

  • WASHINGTON, Dec 10- The U.S. Congress is nowhere near reaching a deal on government funding, a senior lawmaker said on Thursday, as Republicans who control both chambers struggled to meet conservative demands and show they can avoid agency shutdowns. Republican Representative Hal Rogers, who chairs the House Appropriations Committee that writes spending...

  • Major disagreements hobble U.S. Congress budget talks Thursday, 10 Dec 2015 | 11:28 AM ET

    WASHINGTON, Dec 10- The U.S. Congress is nowhere near reaching a deal on federal government funding, a senior lawmaker said on Thursday, as Republicans who control both chambers struggle to meet conservative demands and show they can avoid agency shutdowns. Republican Representative Hal Rogers, who chairs the House Appropriations Committee that is in charge...

  • NEW YORK, Nov 19- U.S. House Democratic Leader Nancy Pelosi and three other lawmakers are pressing President Barack Obama not to back-peddle on the country's biofuels program just days ahead of global climate change talks in Paris. The Democratic Representatives- Pelosi from California, Steny Hoyer from Maryland, Collin Peterson from Minnesota, and David...

  • WASHINGTON, Nov 17- The White House on Tuesday issued a veto threat for a Republican-backed bill to make the Federal Reserve set interest rate policy using a mathematical rule, a proposal Fed Chair Janet Yellen said would "severely damage" the U.S. economy. The Obama administration opposes the proposal because it would hinder the Fed's ability to help the economy,...

  • WASHINGTON, Nov 17- Federal Reserve Chair Janet Yellen on Tuesday condemned a proposal in the U.S. Congress that would require the central bank to tie interest rate policy to a mathematical rule, arguing this would "severely damage the U.S. economy." In a letter to lawmakers, Yellen said the proposed law, which could see a vote in the House of Representatives after...

  • WASHINGTON, Oct 27- The White House and congressional leaders reached a two-year budget deal overnight to lift mandatory spending caps on defense and domestic programs and raise the federal debt ceiling, in an attempt to avert yet another fiscal standoff. U.S. House of Representatives Speaker John Boehner presented details of the pact to his rank-and-file in...