Business Richard Shelby

  • BEIJING, Aug 9- A senior U.S. trade official on Tuesday complained that China's rising export subsidies were damaging American businesses and criticised the U.S. political system for failing to adapt to competition from China. U.S. Export-Import Bank Chairman Fred Hochberg told reporters in Beijing that China gave its exporters 10 times more financing than...

  • BEIJING, Aug 9- A senior U.S. trade official on Tuesday complained that China's rising export subsidies were damaging American businesses and criticised the U.S. political system for failing to adapt to competition from China. U.S. Export-Import Bank Chairman Fred Hochberg told reporters in Beijing that China gave its exporters 10 times more financing than...

  • Senator Richard Shelby, a Republican from Alabama

    Senator Shelby defended his vote against a bill that would have allowed the Justice Department to block firearm sales to suspected terrorists.

  • April 7- A delay in appointing members to the U.S. Export-Import Bank board threatens to cost Boeing Co sales, the company's chief executive said on Thursday, raising similar concern for General Electric and other U.S. companies that depend on the agency's export financing. Boeing is on the verge of losing orders because only two of five seats on the agency's...

  • CAPE CANAVERAL, Fla., March 16- United Launch Alliance last year refused to bid on a launch service contract for the U.S. military's next-generation GPS satellite because it was hoping to avoid a "cost shootout" with Elon Musk's SpaceX, according to a ULA vice president. The statements by ULA vice president of engineering Brett Tobey were made on Tuesday at the...

  • "The SEC is certainly not responsible for patching that hole in our campaign finance system, but you can help prevent that hole from being ripped any wider," Schumer said. Budget legislation passed by the Republican-majority Congress at the end of 2015 blocked the SEC from creating a rule on political spending. Peirce, a Republican who is a senior fellow at the...

  • WASHINGTON, March 8- U.S. Senate Banking Committee Chairman Richard Shelby on Tuesday started to ease the backlog of 16 Obama administration nominees stalled before the panel, scheduling a March 15 confirmation hearing for two Securities and Exchange Commission nominees. The move follows Shelby's resounding Republican primary victory in Alabama a week...

  • March 8- The U.S. Senate Banking Committee has set a hearing date for President Barack Obama's two nominees to the Securities and Exchange Commission, a move that follows Democrats' complaints about a backlog of nominations. Only three SEC commissioners remain: Kara Stein is a Democrat; Mike Piwowar, a Republican; and Chair Mary Jo White, an independent.

  • WASHINGTON, March 2- Senate Banking Committee Chairman Richard Shelby, fresh off his primary victory in Alabama, signaled on Wednesday that he may soon end his moratorium on some of the 16 Obama administration financial nominees awaiting panel confirmation. Banking Committee Democrats and some policy analysts had speculated that Shelby, 81, might be more...

  • Senate Majority Leader Mitch McConnell talks to reporters in Washington.

    Senate negotiators say they've reached an agreement on a six-year highway and transit bill subject to approval by rank-and-file lawmakers.

  • Sen. Shelby: 'We're Committing Financial Suicide'

    Sen. Richard Shelby, (R-AL), explains why he voted against the "fiscal cliff" bill, and weighs in on the need to "reform entitlement" programs.

  • WASHINGTON, Oct 5- Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars worth of fines to their states.

  • WASHINGTON, Oct 5- Senators from the U.S. Gulf Coast urged President Barack Obama on Friday to ensure that any legal settlement for the 2010 Gulf of Mexico oil spill does not undermine a recently passed law that would funnel billions of dollars worth of fines to their states.

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    The White House is struggling to fill key financial posts in the administration as a combination of Senate opposition and candidates’ reluctance to join up leaves critical positions empty. The FT reports.