US Senate to hold Fed reform hearing on March 3-aide
WASHINGTON (Reuters) – The Senate Banking committee is expected to hold a hearing next week on reforms aimed at the Federal Reserve, a Senate aide said on Monday, as lawmakers push for more transparency at the U.S. central bank.
U.S. Justice Department asks for stay to allow immigration action
WASHINGTON (Reuters) – The U.S. Justice Department on Monday argued that halting President Barack Obama’s executive actions on immigration from taking effect threatens national security, in a request for an emergency stay to put on hold a Texas judge’s…
New U.S. defense chief hints little change in Islamic State strategy
CAMP ARIFJAN, Kuwait (Reuters) – New U.S. Defense Secretary Ash Carter said on Monday America had the right “ingredients” of a strategy to combat Islamic State, emerging from talks with top U.S. military and diplomatic leaders without hinting at any fu…
Obama says Libya situation continues to pose threat to United States
WASHINGTON (Reuters) – President Barack Obama sent a formal letter to Congress on Monday extending a national emergency for Libya for a year because of the conflict over power and access to the country’s resources.
Exclusive: Local bankers emerge as Fed ally in fight against audit bill
COLUMBUS, Ohio (Reuters) – Local bankers are joining the fight against a congressional proposal to audit the U.S. Federal Reserve’s policy decisions, with more expected to lobby against the bill if it gains traction in Washington.
New Defense Secretary hosts U.S. gathering on Islamic State strategy
KUWAIT CITY (Reuters) – New U.S. Defense Secretary Ash Carter is gathering top U.S. military commanders and diplomats for talks in Kuwait on Monday about the battle against Islamic State, as America’s military effort approaches major hurdles in both Ir…
Chicago’s Mayor Emanuel spends heavily to avoid run-off
CHICAGO (Reuters) – Chicago Mayor Rahm Emanuel is hoping his warm hug with President Barack Obama in the last days of his re-election campaign will help him avoid a run-off in the race to lead the financially troubled, third largest city in the country…
Homeland Security shutdown can be avoided by Friday: senators
WASHINGTON (Reuters) – Senior Republican senators said they expected Congress will avoid a shutdown over the Department of Homeland Security, which faces a partial shutdown on Feb. 27 amid a GOP push to roll back President Barack Obama’s executive acti…
U.S. weighs slowing Afghan withdrawal to ensure ‘progress sticks’: Carter
KABUL (Reuters) – The United States is considering slowing a planned withdrawal of U.S. troops from Afghanistan to ensure that “progress sticks” after more than a decade of war, new Defense Secretary Ash Carter said during an unannounced visit to Kabul…
Obama begins sales pitch on trade to wary U.S. public
WASHINGTON (Reuters) – President Barack Obama on Saturday began a broad sales pitch to the U.S. public about the merits of free trade deals, an area in which he faces stiff resistance from many in his own Democratic party.
