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Mar 12, 2014

U.S. Senate confirms Wall Street critic as Treasury No. 2

WASHINGTON (Reuters) – The U.S. Senate on Wednesday approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department, backing a critic of Wall Street to help coordinate an overhaul of financial regulations.

The Senate approved the nomination by voice vote.

Raskin, who was a state banking supervisor before she joined the Fed, is expected to play a central role in the roll-out of regulations aimed at preventing a repeat of the 2007-09 financial crisis.

Mar 11, 2014

U.S. Congress probe of deadly defect in GM cars expands

WASHINGTON (Reuters) – Congress’s investigation of a deadly defect in some General Motors cars widened on Tuesday, and a House committee ordered the automaker and a federal regulator to provide details on steps they took to get unsafe cars off the road.

In another development, federal prosecutors in New York are examining whether GM is criminally liable for failing to properly disclose the defect, according to a source familiar with that investigation.

Mar 5, 2014

U.S. House tax-writing chair questions committee term limits

WASHINGTON (Reuters) – Representative Dave Camp, who last week unveiled sweeping tax reform ideas, on Wednesday voiced discontent with Republican rules that would force him to give up his chairmanship of the House Ways and Means Committee next year, but would not say whether he would seek an exemption to stay on.

House of Representatives Republicans, who control the chamber, limit their lawmakers to six years as chairman or senior minority party member of a committee.

Feb 28, 2014

U.S. House Republican unity tested on Obamacare alternative

WASHINGTON (Reuters) – A month after Republicans rallied around offering an alternative to “Obamacare” in an election-year move to broaden their appeal to voters, divisions are surfacing over the issue in the U.S. House of Representatives.

The often-fractured Republicans, who hold a majority in the House, ended a retreat outside of Washington on January 31 delighted that they had settled on a positive agenda for 2014 that centered on replacing President Barack Obama’s landmark healthcare law, which has had a troubled rollout.

Feb 27, 2014

U.S. Senate Republicans block veterans’ health bill on budget worry

WASHINGTON (Reuters) – U.S. Senate Republicans blocked legislation on Thursday that would have expanded federal healthcare and education programs for veterans, saying the $24 billion bill would bust the budget.

Even though the legislation cleared a procedural vote on Tuesday by a 99-0 vote, the measure quickly got bogged down in partisan fighting.

Feb 25, 2014

U.S. lawmakers seek to revive stalled Iran sanctions bill

WASHINGTON (Reuters) – Republican U.S. senators sought to revive a bill on Tuesday that would impose new sanctions on Iran despite President Barack Obama’s insistence that the measure would endanger delicate negotiations seeking to curb Tehran’s nuclear program.

Senator Mitch McConnell, the party’s leader in the Senate, told reporters Republicans wanted to include the sanctions package as an amendment to a bill expanding healthcare and education programs for veterans of the wars in Iraq and Afghanistan.

Feb 25, 2014

Veterans healthcare bill advances in U.S. Senate

WASHINGTON (Reuters) – An expansion of healthcare and education programs for veterans of the wars in Iraq and Afghanistan cleared its first procedural hurdle on Tuesday, as Democrats in the U.S. Senate attempted to win passage of the legislation this week.

By a vote of 99-0, the Senate laid the groundwork for debating a bill that would create 27 new medical facilities in 18 states and Puerto Rico to help meet the growing needs of veterans of the long combat operations in Iraq and Afghanistan.

Feb 25, 2014

UAW chief says VW vote tainted by outside ‘threats’

/WASHINGTON (Reuters) – The head of the United Automobile Workers said on Monday the union’s appeal of a failed organizing vote at a Volkswagen plant in Tennessee will focus on the actions of outsiders, not VW — in a clear reference to remarks by Senator Bob Corker, an outspoken UAW critic.

Corker defended himself, saying he had the right as an elected official to speak out ahead last week’s vote, in which workers rejected the UAW’s bid to represent them.

Feb 24, 2014

Michigan’s Dingell, longest-serving U.S. lawmaker, to retire

WASHINGTON (Reuters) – Michigan Democrat John Dingell, a gruff legislator who has served longer in the Congress than any other person in history, will retire from the House of Representatives after this year, a senior House Democratic aide said on Monday.

“I’m not going to be carried out feet first,” Dingell, 87, told the Detroit News. “I don’t want people to say I stayed too long.”

Feb 18, 2014

U.S. minimum wage hike would kill jobs but alleviate poverty: CBO

WASHINGTON (Reuters) – Raising the U.S. minimum wage would lead to the loss of about half a million jobs by late 2016 while lifting almost a million Americans out of poverty, the Congressional Budget Office forecast in a report on Tuesday that reignited debate over one of President Barack Obama’s top priorities this year.

Buoyed by polls showing three-quarters of Americans in favor of a minimum wage hike, Obama and his fellow Democrats advocate raising the minimum hourly wage to $10.10 from the current $7.25 in a move to boost the stagnant wages of millions of low income workers.

    • About Richard

      "I have been a Washington correspondent for Reuters since 2001. I have written about climate change and the environment, the U.S. Congress, politics, economic issues and agricultural trade disputes."
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