San Jose, Calif. mayor launches pension reform initiative
SAN FRANCISCO (Reuters) – The mayor of California’s third largest city offered a plan on Tuesday to help the state rein in spending on public pensions, drawing rebukes from a group representing public employees as well as the state’s pension fund for p…
Detroit CFO resigns after accusations of racism
DETROIT (Reuters) – Detroit Chief Financial Officer Jim Bonsall resigned on Tuesday after allegations arose last week that he made racist remarks during a meeting and demeaned a co-worker.
Obama to meet with Treasury Secretary Lew on Wednesday
WASHINGTON (Reuters) – President Barack Obama will meet Treasury Secretary Jack Lew at the White House on Wednesday, the White House said, as the clock ticked down to a debt deadline with no clear solution in sight.
U.S. fiscal talks stumble as lawmakers race against time
WASHINGTON (Reuters) – Efforts by lawmakers to stop a U.S. debt default were in disarray on Tuesday with just over a day before the government’s authority to borrow money lapses, risking the Treasury’s ability to pay bills and creditors.
U.S. Senate leaders resume fiscal negotiations: Republican aide
WASHINGTON (Reuters) – Democratic and Republican leaders in the U.S. Senate have resumed negotiations on legislation to avert a default and to reopen shuttered federal agencies after attempts in the House of Representatives failed on Tuesday.
U.S. House fails to produce plan to avoid default, to try Wednesday
WASHINGTON (Reuters) – The Republican-led U.S. House of Representatives has failed so far to produce a plan to lift the threat of a government default and has abandoned plans to vote on any measure on Tuesday.
U.S. justices to hear challenge to Obama on climate change
WASHINGTON (Reuters) – The U.S. Supreme Court agreed on Tuesday to hear a challenge to part of the Obama administration’s first wave of regulations aimed at tackling climate change, accepting its biggest environmental case in six years.
U.S. House panel postpones hearing on fiscal bill
WASHINGTON (Reuters) – A key panel that was scheduled to debate a U.S. House of Representatives bill to temporarily raise the debt limit and fund federal agencies has postponed its meeting, according to a committee aide.
Influential Heritage group urges U.S. House to kill fiscal bill
WASHINGTON (Reuters) – Heritage Action For America, an influential conservative group, on Tuesday urged House of Representatives Republicans to vote against their leaders’ latest bill to fund the government and raise U.S. borrowing authority.
Obama says he believes fiscal impasse will be resolved
WASHINGTON (Reuters) – President Barack Obama sought to inject a reassuring tone into the frantic efforts to avoid a U.S. debt default this week, saying his expectation is that the fiscal impasse will be resolved.
