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Mar 21, 2014

Insight – Rough road ahead for GM as U.S. Congress plots safety probe

WASHINGTON (Reuters) – The U.S. congressional investigation into General Motors Co automobile defects will bring aggressive scrutiny to a company with powerful lobbying clout and strong ties on Capitol Hill.

GM’s recall of 1.6 million vehicles, due to an ignition-switch problem linked to 12 fatalities, has put the Detroit automaker in Congress’ cross hairs, with potentially dramatic hearings kicking off in April.

Mar 21, 2014

Rough road ahead for GM as U.S. Congress plots safety probe

WASHINGTON (Reuters) – The U.S. congressional investigation into General Motors Co automobile defects will bring aggressive scrutiny to a company with powerful lobbying clout and strong ties on Capitol Hill.

GM’s recall of 1.6 million vehicles, due to an ignition-switch problem linked to 12 fatalities, has put the Detroit automaker in Congress’ cross hairs, with potentially dramatic hearings kicking off in April.

Mar 20, 2014

U.S. Senate leader orders probe of alleged CIA computer hacking

WASHINGTON (Reuters) – The leader of the U.S. Senate on Thursday ordered an investigation into what he called an “indefensible” breach of the Senate Intelligence Committee’s computers by the CIA.

Senate Majority Leader Harry Reid said accusations that the Central Intelligence Agency spied on the panel’s computers as it investigated the use of harsh interrogation techniques raised concerns about possible violations of the Constitution.

Mar 20, 2014

U.S. Senate Majority Leader Reid backs Feinstein over CIA

WASHINGTON (Reuters) – U.S. Senate Majority Leader Harry Reid issued a strong defense on Thursday of Senator Dianne Feinstein, who heads the Senate Intelligence Committee, in a dispute in which the committee and the CIA each allege they were spied upon by the other.

Reid, in a letter to Attorney General Eric Holder, called the Central Intelligence Agency’s search of the Senate panel’s computer network a “serious breach” and “indefensible.”

Mar 18, 2014

Insight: Another Bush run for the White House? Jeb may be up for it

WASHINGTON (Reuters) – By all appearances, former Florida governor Jeb Bush is a man on a mission.

His itinerary for the next several weeks includes stops in Tennessee, New Mexico and Nevada to appear with Republican candidates in this fall’s elections or help them raise money for their campaigns.

Mar 13, 2014

U.S. transportation chief pledges hard look at GM recall

WASHINGTON (Reuters) – U.S. Transportation Secretary Anthony Foxx on Thursday promised an “aggressive investigation” into whether General Motors was slow to report to the federal government problems with ignition switches in its autos, which have led to 12 deaths.

“The questions we are asking are whether there was a timeliness issue with GM’s bringing to our attention the issues regarding this ignition switch,” Foxx told a Senate panel.

Mar 12, 2014

GM urges drivers stick to sparse key ring even after recall repair

DETROIT/WASHINGTON (Reuters) – General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) said on Wednesday that even after the vehicles in its ignition-switch recall are repaired, owners should avoid weighing down their key rings with anything more than the key and fob.

Also on Wednesday, U.S. Senator Claire McCaskill said a Senate subcommittee plans to hold a hearing in early April on GM’s recall last month of more than 1.6 million vehicles with the faulty ignition switches which have been linked to 12 deaths. Most of the affected cars were sold in the United States.

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.

    • 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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