House panel approves bill to force Fed to follow rule
WASHINGTON (Reuters) – The House of Representatives Financial Services Committee narrowly approved a bill on Wednesday that would require the Federal Reserve to set a specific rule to follow when implementing monetary policy.
In Florida governor’s race, Democrat woos crucial black vote
TAMPA Fla. (Reuters) – As the leading Democratic candidate for Florida governor, Charlie Crist would be expected to draw overwhelming support from the state’s more than 1.6 million registered black voters.
Obama administration kicks off bid to renew Africa trade program
WASHINGTON (Reuters) – The Obama administration on Tuesday pushed for Congress to renew a 14-year-old trade program giving African countries duty-free access to U.S. markets, warning that allowing the program to expire would disrupt trade flows between…
U.S. Senate shortens transport extension, sets up clash with House
WASHINGTON (Reuters) – The U.S. Senate on Tuesday approved an $8.1 billion extension of federal funding for transportation projects through the end of 2014, setting up a clash with the House of Representatives just days ahead of cutbacks in money for r…
U.S. Senate panel backs confirmation of new ambassador to Russia
WASHINGTON (Reuters) – President Barack Obama’s nominee to be the new U.S. ambassador to Russia could be on his way to Moscow in days, after U.S. senators put aside partisan differences to hold a quick vote backing his appointment on Tuesday.
Former Virginia governor’s marriage in spotlight at corruption trial
RICHMOND Va. (Reuters) – Former Virginia Governor Robert McDonnell and his wife were barely on speaking terms when they accepted $165,000 in gifts and loans from a vitamin company executive, defense attorneys said on Tuesday at the start of the pair’s …
Obama says strains over Ukraine not leading to new Cold War with Russia
WASHINGTON (Reuters) – President Barack Obama escalated U.S. economic sanctions against Russia on Tuesday for its aggression against Ukraine but dismissed suggestions the growing chill in U.S.-Russian relations marked the start of a new Cold War.
U.S. Senate shortens transport extension, sets up clash with House
WASHINGTON (Reuters) – The U.S. Senate on Tuesday approved an $8.1 billion short-term extension of federal funding for transportation projects through the end of 2014, setting up a clash with the House of Representatives just days ahead of cutbacks in …
U.S. Senate bill proposes sweeping curbs on NSA surveillance
WASHINGTON (Reuters) – Senator Patrick Leahy introduced legislation on Tuesday to ban the U.S. government’s bulk collection of Americans’ telephone records and Internet data and narrow how much information it can seek in any particular search.
U.S. lawmakers worry about border security without extra funds
WASHINGTON (Reuters) – U.S. border security will probably suffer if Congress fails to act on President Barack Obama’s $3.7 billion request to cope with the explosion of child migrants into the U.S. Southwest, lawmakers and congressional aides warned on…
