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May 21, 2015

U.S. House panel issues subpoena to Fed over 2012 information leak

WASHINGTON, May 21 (Reuters) – The chairman of a U.S.
congressional committee on Thursday subpoenaed Federal Reserve
documents and communications related to a 2012 leak of
information related to monetary policy, ramping up his attack of
the central bank’s handling of the case.

Republican Jeb Hensarling of Texas, who chairs the U.S.
House of Representatives Financial Services Committee, said in a
release that the Fed failed to comply with document requests
from the panel related to market-sensitive information that was
leaked to a private financial newsletter.

May 19, 2015

U.S. regulator says PayPal to pay $25 mln over credit product problems

By Emily Stephenson

(Reuters) – The U.S. consumer financial watchdog on Tuesday
accused PayPal of illegally signing consumers up for an online
credit product without their permission and directed the company
to pay a total of $25 million in fines and consumer redress.

The Consumer Financial Protection Bureau said PayPal, eBay
Inc’s electronic payments division, signed customers up
for its PayPal Credit product instead of the user’s preferred
payment method, engaged in deceptive advertising and mishandled
billing problems.

May 18, 2015

Republican Christie, in speech, to urge more U.S. defense spending

By Emily Stephenson

(Reuters) – New Jersey Governor Chris Christie, who is considering a bid for the 2016 Republican presidential nomination, plans to urge Congress to abandon its budget caps and boost defense spending, according to excerpts of a speech he will give on Monday.

In the excerpts, released by Christie’s political action committee, he urged more money to buy ships for the U.S. Navy and state-of-the-art planes for the Air Force.

May 13, 2015

Jeb Bush, in apparent slip, says ‘I’m running for president’

By Emily Stephenson and Emily Flitter

(Reuters) – Republican Jeb Bush appears to have unintentionally announced his candidacy for president in 2016 in a conversation with reporters on Wednesday that was caught on video.

Speaking in Nevada, the former Florida governor seemed to acknowledge he was a candidate but right afterward indicated he had not made up his mind.

May 11, 2015

Senator Warren hits back at Obama in Pacific Rim trade fight

WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren hit back at President Barack Obama in their tussle over “fast-track” authorization to negotiate a Pacific Rim trade treaty, a power she says could be used in the future to weaken Wall Street reforms.

The president, who wants expedited negotiating power to streamline the passage of trade deals through Congress, said last week that Warren’s claims were “absolutely wrong.”

May 4, 2015

Retired surgeon Carson slams ‘slick politicians’ in 2016 U.S. presidential bid launch

WASHINGTON (Reuters) – Retired neurosurgeon Ben Carson slammed “slick politicians” in both parties as he launched his bid on Monday for the 2016 Republican nomination for president, casting himself as a problem-solver whose experience sets him apart from the field.

Carson, a favorite of conservative activists, said the upcoming elections should bring in leaders with “common sense” to enact policies like reversing President Barack Obama’s 2010 health care overhaul and revamping the U.S. tax code.

May 1, 2015

Lawmakers slam Capitol Police over cases of unattended guns

WASHINGTON (Reuters) – Loaded guns reportedly left behind in a bathroom and elsewhere by U.S. Capitol Police officers led lawmakers on Friday to demand answers from the force that protects Congress, the latest in a series of security blunders in official Washington.

The senior Republican and Democrat on the House of Representatives panel that oversees the Capitol Police demanded to know how the weapons were left unsecured and what was being done to prevent it happening again.

May 1, 2015

Garage collapses at famed Watergate; one person injured

WASHINGTON (Reuters) – Three floors of a parking garage at the Watergate complex in Washington collapsed on Friday, sandwiching two vehicles and causing minor injuries to one person, local authorities and media reports said.

The structure suffered a “pancake collapse,” according to Washington firefighters. That is a type of collapse in which one floor falls, causing other levels to go down, too.

Apr 30, 2015

Liberal U.S. Senator Sanders to challenge Clinton in 2016 race

WASHINGTON (Reuters) – U.S. Senator Bernie Sanders, an independent from Vermont, launched a long-shot bid for the 2016 Democratic presidential nomination on Thursday, a move likely to pressure Hillary Clinton from the left on issues from income inequality to corporate governance.

Sanders, one of the most outspoken liberals in Congress, called for rebuilding the middle class and reducing the influence of wealthy Americans and businesses on U.S. elections.

Apr 9, 2015

Obama says concerned China uses size to bully others in region

By Emily Stephenson

(Reuters) – President Barack Obama said on Thursday the United States is concerned China uses its “sheer size and muscle” to push around smaller countries in the South China Sea.

His comments come after China defended its construction of artificial islands in the South China Sea, saying it is needed to safeguard its sovereignty in the mineral-rich waters where China’s territorial claims overlap those of Vietnam, the Philippines, Malaysia, Brunei and Taiwan.