Republican U.S. Representative Miller from California won’t seek re-election
WASHINGTON (Reuters) – U.S. Representative Gary Miller, a California Republican, said on Wednesday he would not seek re-election after more than 15 years in Congress.
Congress votes to repeal military pension cuts
WASHINGTON (Reuters) – Democrats and Republicans in the U.S. Congress joined together on Wednesday to reverse a cut in pensions for working-age military retirees, as lawmakers yielded to election-year pressure to scrap a deficit reduction measure they …
U.S. Senate Banking panel postpones hearing with Fed Chair Yellen
WASHINGTON (Reuters) – The U.S. Senate Banking Committee said on Wednesday that it postponed Thursday’s hearing with Federal Reserve Chair Janet Yellen.
Obama signs order to raise minimum wage for federal contractors
WASHINGTON (Reuters) – U.S. President Barack Obama signed an executive order on Wednesday to raise the minimum wage for federal contract workers to $10.10 an hour starting next year and encouraged employers nationwide to increase wages for their worker…
U.S. Senate approves one-year extension of federal borrowing authority
WASHINGTON (Reuters) – The U.S. Congress approved legislation on Wednesday to extend U.S. federal borrowing authority for a year, bowing to President Barack Obama’s demands for a debt limit increase without any conditions.
Bill to extend U.S. debt limit clears Senate hurdle
WASHINGTON (Reuters) – Legislation to extend U.S. federal borrowing authority for a year cleared a critical procedural hurdle in the Senate on Wednesday, moving the measure to a final vote.
Obama administration says housing finance reform to advance in Senate soon
WASHINGTON (Reuters) – The Senate Banking Committee is expected to move forward within “the next few weeks” with bipartisan plans for overhauling the mortgage finance system, Housing and Urban Development Secretary Shaun Donovan said on Wednesday.
Barack and Francois in show of ‘bonhomie’ at White House
WASHINGTON (Reuters) – There were no “freedom fries” or any other remembrances from strained Franco-American ties in the past. Instead, it was dry-aged beef and plenty of “bonhomie” as President Barack Obama gave a lavish welcome to French President Fr…
Fed board should vote on big enforcement actions: Lawmakers
WASHINGTON (Reuters) – Two Democratic lawmakers said in a letter on Tuesday that the Federal Reserve’s Board of Governors should have to sign off on major enforcement actions against banks.
House approves ‘clean’ debt limit after Republicans drop demands
WASHINGTON (Reuters) – The House of Representatives narrowly approved a one-year extension of federal borrowing authority on Tuesday after Republicans caved into President Barack Obama’s demands to allow a debt limit increase without any conditions.
