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Jan 10, 2014

Unemployment benefits extension stalls in Senate

WASHINGTON (Reuters) – Senate Democrats on Thursday offered a new plan to revive federal unemployment benefits until mid-November and pay the $18 billion price tag with new spending cuts, but hopes of a bipartisan deal dissolved into bickering by day’s end.

“The package does what the Republicans wanted,” Senate Majority Leader Harry Reid, a Democrat, said on the Senate floor. He said the cost of renewing the jobless benefits for about 1.4 million long-term unemployed Americans would be “entirely paid for” and would contain “structural changes they (Republicans) were demanding.”

Jan 9, 2014

U.S. Senate Democrats offer new jobless benefit plan

WASHINGTON, Jan 9 (Reuters) – U.S. Senate negotiators on
Thursday mulled a new Democratic proposal to revive federal
unemployment benefits until mid-November and pay the $18 billion
price tag with new spending cuts, Senate Majority Leader Harry
Reid said.

“The package does what the Republicans wanted,” Reid said on
the Senate floor. He said the cost of renewing the jobless
benefits for about 1.4 million long-term unemployed Americans
would be “entirely paid for” and would contain “structural
changes they (Republicans) were demanding.”

Jan 9, 2014

Senate negotiators near deal on unemployment benefits

WASHINGTON (Reuters) – Senate negotiators were close to a deal on extending expired jobless benefits through November and paying the estimated $18 billion cost through future spending cuts, a senior Senate Democratic aide said on Thursday.

The potential deal, which was still under discussion, could be unveiled by Senate Majority Leader Harry Reid later on Thursday.

Jan 7, 2014

Obama-backed jobless bill clears Republican roadblock

WASHINGTON (Reuters) – A White House-backed bill to renew jobless benefits for 1.3 million Americans narrowly cleared a U.S. Senate Republican procedural roadblock on Tuesday.

On a largely party-line vote of 60-37 – 60 were needed to prevail – the Democratic-led Senate agreed to begin consideration of the measure, which would extend recently ended benefits for three months at a cost of $6 billion.

Jan 7, 2014

Yellen approved to head Fed; only Republicans vote ‘no’

WASHINGTON, Jan 6 (Reuters) – Janet Yellen, a key force
behind the Federal Reserve’s unprecedented and controversial
efforts to boost the U.S. economy, was confirmed by the Senate
on Monday to lead the central bank just as it begins to unwind
that stimulus.

When she succeeds Ben Bernanke, whose second four-year term
as Fed chairman expires on Jan. 31, Yellen will become the first
woman to run the Fed in its 100-year history and just one of a
handful of women heading central banks globally. She is
currently the Fed’s vice chair.

Jan 6, 2014

Janet Yellen gets final stamp of approval to head U.S. Fed

WASHINGTON (Reuters) – Janet Yellen, a key force behind the Federal Reserve’s unprecedented and controversial efforts to boost the U.S. economy, was confirmed by the Senate on Monday to lead the central bank just as it begins to unwind that stimulus.

When she succeeds Ben Bernanke, whose second four-year term as Fed chairman expires on January 31, Yellen will become the first woman to run the Fed in its 100-year history and just one of a handful of women heading central banks globally. She is currently the Fed’s vice chair.

Jan 6, 2014

Yellen gets final stamp of approval to head U.S. Fed

WASHINGTON, Jan 6 (Reuters) – Janet Yellen, a key force
behind the Federal Reserve’s unprecedented and controversial
efforts to boost the U.S. economy, was confirmed by the Senate
on Monday to lead the central bank just as it begins to unwind
that stimulus.

When she succeeds Ben Bernanke, whose second four-year term
as Fed chairman expires on Jan. 31, Yellen will become the first
woman to run the Fed in its 100-year history and just one of a
handful of women heading central banks globally. She is
currently the Fed’s vice chair.

Jan 2, 2014

Senate sets Monday vote on Janet Yellen to head Fed

WASHINGTON (Reuters) – Janet Yellen came a step closer to final approval as the Federal Reserve’s next chair after the U.S. Senate set a Monday vote on President Barack Obama’s choice to succeed Ben Bernanke.

The Senate is expected to vote at around 5:30 p.m. EST Monday on Yellen, according to a Senate Democratic leadership aide.

Dec 18, 2013

U.S. Senator Baucus to be named ambassador to China-aides

WASHINGTON (Reuters) – U.S. Senator Max Baucus, a Montana Democrat who has taken a tough stance against some of China’s trade practices, will be nominated by President Barack Obama to be the next ambassador to Beijing, according to Senate aides.

Baucus, who announced earlier this year his intention to retire from the Senate at the end of next year, currently chairs the powerful Senate Finance Committee, which oversees tax and trade policy. He was first elected to the Senate in 1978.

Dec 18, 2013

U.S. Senate passes budget deal, focus shifts to spending

WASHINGTON, Dec 18 (Reuters) – The U.S. Senate passed a
two-year budget deal on Wednesday to ease automatic spending
cuts and reduce the risk of a government shutdown, but fights
were already breaking out over how to implement the budget pact.

By a vote of 64-36, the Senate sent the measure to President
Barack Obama to be signed into law, an achievement for a divided
Congress that has failed to agree on a budget since 2009.

    • 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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