Business Richard Shelby

  • WASHINGTON, Dec 9- The U.S. Senate Armed Services Committee could roll back approved exceptions to a ban on the use of Russian rocket engines for U.S. military use, the committee's chairman, Senator John McCain, said in a letter made public on Wednesday. He also accused a Lockheed-Boeing venture of trying to manipulate Congress. He said ULA's announcement last...

  • Jack Lew: We won't weaken Dodd-Frank Wednesday, 25 Nov 2015 | 7:47 AM ET
    Treasury Secretary Jack Lew testifies before the Senate Finance Committee on Capitol Hill, February 5, 2015 in Washington.

    As a deadline looms, the Obama administration said it would push back hard against any legislation to loosen Dodd-Frank. The NYT reports.

  • WASHINGTON, Nov 24- The United States could struggle to promote competition in its space launch program while also maintaining two independent ways to launch satellites and ending U.S. reliance on Russian rocket engines, a top U.S. Air Force official said on Tuesday. His comments came after United Launch Alliance, a joint venture of Lockheed Martin Corp and...

  • WASHINGTON, Nov 24- The United States could struggle to promote competition in its space launch program while also maintaining two independent ways to launch satellites and ending U.S. reliance on Russian rocket engines, a top U.S. Air Force official said on Tuesday. LaPlante and other Air Force officials have urged Congress to allow ULA to use additional...

  • Key senators reach agreement on 6-year highway bill Tuesday, 21 Jul 2015 | 6:05 PM ET
    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' Thursday, 3 Jan 2013 | 8:03 AM ET
    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.