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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.

Apr 29, 2014

U.S. Senate panel backs Fischer to be Fed’s No. 2

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
governing body.

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.

Apr 24, 2014

Obama administration may unveil new deportation policy in two stages

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.

Apr 9, 2014

Insight – Congress turns GM probe focus to engineers, considers legislation

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.

Apr 9, 2014

US Congress turns GM probe focus to engineers, considers legislation

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.

Apr 1, 2014

GM enters harsh spotlight as Congress hearings begin

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.

    • 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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