U.S. Supreme Court win boosts fight against drug settlements -FTC
WASHINGTON (Reuters) – A U.S. Supreme Court ruling giving regulators the right to sue drugmakers for agreements that delay sale of cheaper generic pharmaceuticals should deter some of the most egregious deals and allow the agency to better fight others…
Senate panel OKs Samantha Power as U.N. ambassador
WASHINGTON (Reuters) – The Senate Foreign Relations Committee on Tuesday overwhelmingly approved Samantha Power, President Barack Obama’s nominee to be U.S. ambassador to the United Nations, clearing the way for a vote in the full 100-member Senate.
At Senate, Wall St. and Fed feel heat over commodity trade
WASHINGTON/NEW YORK (Reuters) – Wall Street’s multibillion-dollar commodity trading operations came under the political spotlight on Tuesday as a powerful Senate committee questioned whether commercial banks should control oil pipelines, power plants a…
U.S. lawmaker seeks tough rules on Japan autos in trade talks
WASHINGTON (Reuters) – A senior U.S. lawmaker on Tuesday urged the Obama administration to push for tough rules on opening the U.S. market to more Japanese autos and to take a firm line in free trade talks against currency manipulation, as Detroit auto…
Some IRS executives’ travel costs ‘excessive’: U.S. tax watchdog
WASHINGTON (Reuters) – A handful of Internal Revenue Service officials spent most of their time traveling for work in 2011 and 2012 and amassed thousands of dollars in seemingly excessive costs for transportation, hotels and meals, the tax-collecting a…
McCain won’t delay Dempsey’s nomination as U.S. military chief
WASHINGTON (Reuters) – Republican Senator John McCain said on Tuesday he would not delay Army General Martin Dempsey’s nomination to a second term as chairman of the Joint Chiefs of Staff after Dempsey spelled out what he saw as possible U.S. military …
Senate advances $54 billion transportation, housing bill
WASHINGTON (Reuters) – The Senate on Tuesday advanced a $54 billion measure that increases funding for transportation and housing projects, setting up a spending clash with Republicans in the House of Representatives that threatens a government shutdow…
U.S. court invalidates passport law on status of Jerusalem
WASHINGTON (Reuters) – A federal appeals court on Tuesday invalidated a U.S. law that was designed to allow American citizens born in Jerusalem to have Israel listed as their birthplace on passports.
Obama eyeing Fed’s Raskin for No. two post at Treasury: source
WASHINGTON (Reuters) – President Barack Obama is considering nominating Federal Reserve Governor Sarah Bloom Raskin to replace the U.S. Treasury Department’s No. 2 official, Neal Wolin, a source familiar with the matter said on Tuesday.
Exclusive: U.S. congressional hurdles lifted on arming Syrian rebels
WASHINGTON (Reuters) – President Barack Obama will move forward with a plan for the United States to arm the struggling Syrian rebels after some congressional concerns were eased, officials said on Monday.
