WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch McConnell said on Tuesday he will oppose President Barack Obama’s appointment of Janet Yellen as the next head of the Federal Reserve, citing concerns about her willingness to defend the dollar.
Yellen, who nonetheless is expected to win Senate confirmation this week, has stirred McConnell’s concerns “about her commitment to the most important job of the central bank – maintaining the purchasing power of the dollar. After years of federal stimulus, we need a Fed chairman who is unquestionably committed to a strong dollar,” McConnell said in a statement.
WASHINGTON (Reuters) – A breakthrough budget deal that avoids a government shutdown in January and blunts automatic spending cuts easily won passage in the U.S. House of Representatives on Thursday, setting the stage for nearly two years of fiscal peace in Congress.
The 332-94 bipartisan vote sends the measure to the Senate, which is expected to pass it next week despite the objections of conservative political groups that complain it violates a core goal of cutting government spending.
WASHINGTON, Dec 10 (Reuters) – A bipartisan budget deal
announced in the U.S. Congress on Tuesday, while modest in its
spending cuts, would end nearly three years of partisan
stand-offs between Democrats and Republicans that culminated in
October with a partial government shutdown.
Democratic Senator Patty Murray and Republican
Representative Paul Ryan appeared before reporters to announce
the $85 billion budget accord, which still must be approved by
the full Senate and House of Representatives.
WASHINGTON (Reuters) – Budget negotiators in the Congress have reached an agreement on Tuesday that, if approved by the House and Senate, could restore some order to the nation’s chaotic budget process and avoid another government shutdown on January 15.
The chief negotiators, Democratic Senator Patty Murray and Republican Representative Paul Ryan, were to announce details at a news conference at 6 p.m. ET (2300 GMT).
WASHINGTON, Dec 10 (Reuters) – Budget negotiators in the
U.S. Congress on Tuesday were wrapping up a tentative deal on a
budget plan to avoid a Jan. 15 government shutdown, amid
warnings from conservative groups that they would oppose it.
The plan does not purport to be any “grand bargain” that
would slash the federal deficit.
WASHINGTON (Reuters) – As budget negotiators in the U.S. Congress tried to close a deal on Tuesday that would avoid a January 15 government shutdown, conservative groups were lining up in opposition to the measure, anticipating an uptick in federal spending.
Democratic Senator Patty Murray and Republican Representative Paul Ryan have been meeting in private for weeks in an attempt to sketch out overall federal spending for the rest of the fiscal year that began on October 1 and for the one that begins on October 1, 2014.
WASHINGTON (Reuters) – A budget deal aimed at avoiding a U.S. government shutdown on January 15 and relieving federal agencies of some indiscriminate spending cuts that are set to begin with the new year could emerge in Congress on Tuesday, congressional aides said on Monday.
Democratic Senator Patty Murray and Republican Representative Paul Ryan are scheduled to meet on Tuesday with the goal of finalizing a deal, according to aides who asked not to be identified.
WASHINGTON (Reuters) – A minimalist U.S. budget deal that congressional negotiators hope to reach in coming days will do almost nothing to tame rising federal debt, but it could usher in a nearly two-year fiscal truce, minimizing the risk of future funding crises and government shutdowns.
If the accord comes together, it would blunt some of the automatic “sequester” spending cuts and set funding levels at around $1 trillion for fiscal 2014 and 2015 for government agencies and programs from the military to national parks.
WASHINGTON (Reuters) – U.S. congressional negotiators on Thursday aimed to put the finishing touches on a two-year budget deal that would avoid another federal shutdown next month and suspend some across-the-board spending cuts set to hit military and other domestic programs, congressional sources said.
Senate Budget Committee Chairwoman Patty Murray and House of Representatives Budget Committee Chairman Paul Ryan were trying to seal a deal before a December 13 deadline.
WASHINGTON (Reuters) – U.S. immigration reform supporters, reeling from their failure to get legislation enacted this year, saw a new ray of hope on Tuesday as House of Representatives Speaker John Boehner announced he had hired a long-time immigration specialist to advise him.
“The speaker remains hopeful that we can enact step-by-step, common-sense immigration reforms,” said Boehner spokesman Michael Steel, who added, “Becky Tallent, a well-known expert in this field of public policy, is a great addition to our team and that effort.”