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Jun 2, 2014

Obama creates group to handle children entering U.S. illegally

WASHINGTON (Reuters) – President Barack Obama established an interagency group on Monday to handle the growing influx of children coming to the United States illegally without parents or relatives accompanying them.

In a memo that describes an “urgent humanitarian situation,” Obama has put the Federal Emergency Management Agency in charge of coordinating humanitarian relief to the children, including housing, care, medical treatment and transportation.

May 28, 2014

Waves of immigrant minors present crisis for Obama, Congress

WASHINGTON (Reuters) – Tens of thousands of children unaccompanied by parents or relatives are flooding across the southern U.S. border illegally, forcing the Obama administration and Congress to grapple with both a humanitarian crisis and a budget dilemma.

An estimated 60,000 such children will pour into the United States this year, according to the administration, up from about 6,000 in 2011. Now, Washington is trying to figure out how to pay for their food, housing and transportation once they are taken into custody.

May 22, 2014

U.S. Senate eyes early June vote on nominees for swaps regulator

WASHINGTON, May 22 (Reuters) – The U.S. Senate aims to vote
to confirm three candidates to the Commodity Futures Trading
Commission in early June, a senior Democratic aide said on
Thursday, to fill a leadership gap at the futures and swaps
regulator.

The agency played a crucial role in reforming financial
markets after the 2007-2009 credit crisis, bringing largely
unregulated swaps trading by Wall Street giants such as Bank of
America and JPMorgan under its control.

May 21, 2014

GM adds 284,000 older cars as number of U.S. recalls this year hits 29

DETROIT/WASHINGTON (Reuters) – General Motors Co is recalling more than 284,000 older Chevrolet small cars in the United States and other markets because of a potential fire hazard, bringing U.S. recalls at the automaker this year to 29 and a record number of vehicles.

The two recalls are the latest announced by GM, the largest U.S. automaker. The recall with the highest profile was of cars with defective ignition switches linked to at least 13 deaths. The Detroit company has been criticized by safety advocates and fined by U.S. safety regulators for its delayed response in catching the faulty switch.

May 21, 2014

Senate backs Fischer for Fed board

WASHINGTON (Reuters) – The U.S. Senate on Wednesday approved Stanley Fischer’s nomination to the Federal Reserve Board of Governors, adding a potentially influential voice to the developing debate over Fed policy in the post-crisis era.

Fischer, 70, was approved on a 68-27 vote, with all the opposition coming from Republicans. A separate vote, still unscheduled, must be held to confirm his appointment as vice chairman of the U.S. central bank.

May 17, 2014

GM to pay $35 million U.S. fine for delayed response

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, as federal regulators accused a long line of company officials of concealing a problem that is linked to at least 13 deaths.

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 and could come with more severe punishments.

May 16, 2014

GM to pay maximum U.S. fine for delaying response to faulty ignitions

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.

May 12, 2014

Rising U.S. economy could help Democrats stave off election loss

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.

May 7, 2014

Republicans shouldn’t raise money off Benghazi: U.S. lawmaker

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.

May 7, 2014

Exclusive: Congressional probe looks at Barra’s, GM executives’ links to switch

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.

    • 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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