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Nov 14, 2012

House Democrat Pelosi to tell political plans Wednesday

WASHINGTON (Reuters) – Nancy Pelosi said she will announce on Wednesday if she will end her 10-year-run as the top Democrat in the U.S. House of Representatives, which included a historic stint from 2007 to 2011 as the chamber’s first and only woman speaker.

“I will see you 10 a.m., tomorrow, those of you who are interested,” Pelosi told reporters at the Capitol on Tuesday after being asked about her political future.

Nov 11, 2012

U.S. Congress created this cliff and may now plunge off it

WASHINGTON (Reuters) – The “fiscal cliff,” a metaphor drawn from nature, was actually created by members of the U.S. Congress, who designed it to be so horrible that they and the president would come to their senses and avert it in the nick of time.

That time is now with the start this week of a lame-duck session of Congress. But it is not at all certain that Republicans and Democrats are ready to make the compromises necessary to undo the trap they set in August 2011.

Nov 8, 2012

Tea Party still has clout despite election setbacks

WASHINGTON (Reuters) – Tea Party candidates may have spoiled Republican chances of taking control of the U.S. Senate, but the small-government movement will continue to hold sway in Washington for at least the next few years on fiscal – if not social – issues, experts said on Wednesday.

If not for the poor performance of some Tea Party-backed Senate candidates in both the 2012 and 2010 elections, Republicans could have been in the majority in the chamber. Instead, much to Republicans’ dismay, Democrats have actually become stronger.

Nov 7, 2012

Congress back to “fiscal cliff” sparring despite Obama appeals

WASHINGTON (Reuters) – In a sign of trouble ahead in resolving the “fiscal cliff”, Democratic and Republican leaders on Wednesday claimed new but conflicting election “mandates” on how and when to deal with tax increases and spending cuts that threaten a U.S. recession.

Amid promises not to draw lines in the sand, congressional leaders did just that, staking out well-worn bargaining positions despite President Barack Obama’s appeals for compromise after his election victory.

Nov 7, 2012

U.S. House stays under Republican control

WASHINGTON, Nov 7 (Reuters) – It may have been the most
unpopular U.S. House of Representatives in modern times, but
that did not stop voters on Tuesday from leaving it firmly in
Republican hands, according to projections.

The election results might disappoint those who had hoped
for new and clear marching orders from voters on such issues as
the deficit or immigration.

Nov 7, 2012

House seen staying in Republican control

WASHINGTON (Reuters) – The most unpopular House of Representatives in modern times was left pretty much unchanged by voters Tuesday with control firmly in Republican hands, according to projections.

The partisan brand of politics practiced by Republicans for the past two years appeared not to have seriously damaged the party.

Nov 3, 2012

New Congress may have old look after election

WASHINGTON, Nov 4 (Reuters) – The U.S Congress fell to new
depths of public disapproval in the past two years, yet no big
shake-up of the Senate or House of Representatives is expected
in Tuesday’s general election.

With days remaining before the vote, Democrats were expected
to fend off what is seen as a fading Republican challenge for
control of the Senate, with a 50-50 tie also a possibility.

Oct 31, 2012

Hurricane Sandy silences Atlantic City’s casinos

By Richard Cowan and Dave Warner

(Reuters) – Hurricane Sandy has silenced the thousands of slot machines and high-rollers who normally crowd the black jack and roulette tables of Atlantic City, but the resort’s casino companies wager they could be back in business within days.

The storm that swept up the East Coast of the United States on Monday made landfall near Atlantic City, ripping up several blocks of its famous boardwalk and tearing roofing off casinos and hotels.

Oct 28, 2012

U.S. Congress may face another debt-limit showdown in 2013

WASHINGTON (Reuters) – A U.S. debt-ceiling increase could be headed for a Wall Street-rattling showdown in 2013 if Congress, as expected, shuns a quick and easy fix at the end of this year in favor of another round of last-minute brinkmanship.

Regardless of who wins the November 6 elections, many congressional aides and Capitol Hill observers are predicting that lawmakers will go right up to the deadline – probably around mid-February or early March – before increasing the $16.4 trillion limit on borrowing that is nearly exhausted.

Oct 22, 2012

Some in Congress look to $55 billion fiscal cliff ‘fallback’

WASHINGTON (Reuters) – An idea percolating in the Congress, aimed at helping avoid the “fiscal cliff,” would scrap the steep across-the-board spending cuts of $109 billion set to start on January 2 and replace them with more targeted savings of about $55 billion, according to aides familiar with the discussions.

Further measures to reduce the deficit would be considered later in 2013 under this approach.

    • 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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