WASHINGTON (Reuters) – General Motors Co was slapped on Friday with a $35 million U.S. fine for its delayed response to an ignition switch defect in millions of vehicles.
U.S. Transportation Secretary Anthony Foxx announced the fine, which is the maximum the agency can impose. Other investigations into the automaker’s handling of the recall are being conducted by the federal government.
WASHINGTON (Reuters) – Here’s a riddle: Many Republicans deny it’s happening. Some Democrats don’t want to talk about it. What is it?
The answer is the growing U.S. economy, on pace to expand as much as 3.5 percent this year, about the best performance in the industrialized world. Unemployment has fallen from 10 percent to about 6.3 percent and consumer confidence is at a six-year high.
WASHINGTON (Reuters) – The new head of a congressional panel investigating the 2012 attack on U.S. diplomatic facilities in Benghazi, Libya, criticized on Wednesday some Republicans’ use of the deadly incident to raise campaign funds.
During an interview on MSNBC’s “Morning Joe” program, Representative Trey Gowdy of South Carolina was asked whether he would appeal to his fellow Republicans to stop such fundraising efforts.
WASHINGTON (Reuters) – Congressional investigators are examining whether General Motors Co Chief Executive Mary Barra and other senior executives were more involved than they have publicly acknowledged as the automaker considered how to deal with a deadly ignition switch issue linked to at least 13 deaths, three sources familiar with the probe say.
The investigators also are examining whether executives acted fast enough, once they learned of the problem, said the congressional sources, who were not authorized to speak publicly about the matter.
WASHINGTON, April 29 (Reuters) – The Senate Banking
Committee approved three nominees to the Federal Reserve’s board
on Tuesday, including Stanley Fischer to be the U.S. central
bank’s No. 2, in a big step toward replenishing the Fed’s
The panel also backed the nominations of former senior U.S.
Treasury official Lael Brainard and current Fed Governor Jerome
Powell, who was nominated for another term. All three nominees
were approved on a unanimous voice vote.
WASHINGTON (Reuters) – The White House is considering small steps in the near term to ease the threat of deportation for some undocumented immigrants, but advocates in communication with the administration expect President Barack Obama to make bigger changes later in the year.
With legislation to reform U.S. immigration policy stalled in Congress, Obama has come under increasing pressure from the immigrant community to take executive action to curb the rate of deportation that has reached a record level under his presidency.
WASHINGTON (Reuters) – U.S. lawmakers investigating General Motors’ slow recall of 2.6 million cars are zeroing in on engineers and others who may have been aware of problems with ignition switches linked to at least 13 deaths.
One month after congressional committees launched formal probes into why it took GM more than a decade to respond to ignition switch safety defects with the recall, lawmakers still do not know exactly how company engineers initially reacted to the problem or whether senior executives were made aware of it.
WASHINGTON, April 9 (Reuters) – U.S. lawmakers investigating
General Motors’ slow recall of 2.6 million cars are zeroing in
on engineers and others who may have been aware of problems with
ignition switches linked to at least 13 deaths.
One month after congressional committees launched formal
probes into why it took GM more than a decade to respond
to ignition switch safety defects with the recall, lawmakers
still do not know exactly how company engineers initially
reacted to the problem or whether senior executives were made
aware of it.
WASHINGTON (Reuters) – The U.S. Congress will try to establish who is to blame for at least 13 auto-related deaths over the past decade, as public hearings are launched on Tuesday on General Motors Co’s slow response to defective ignition switches in cars.
Despite tougher laws being enacted in 2000 and 2010 to encourage automakers and the National Highway Traffic Safety Administration (NHTSA) to aggressively root out safety concerns, it took GM more than a decade to acknowledge publicly that it had a potentially fatal problem.
WASHINGTON/DETROIT, March 30 (Reuters) – General Motors Co
approved ignition switches for cars that have been linked
to 13 deaths, even though the parts did not appear to meet the
company’s specifications, officials of Delphi Automotive
told U.S. congressional investigators.
In a memo released on Sunday by the House of Representatives
Energy and Commerce Committee, documents provided by GM and a
federal regulator provided “unsettling” information, according
to Republican Representative Tim Murphy, who leads a
subcommittee of the panel.