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
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.
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.
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.
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.
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.
WASHINGTON/DETROIT, March 30 (Reuters) – General Motors Co
approved ignition switches for cars that have been linked
to 13 deaths, even though the parts did not appear to meet the
company’s specifications, officials of Delphi Automotive
told U.S. congressional investigators.
In a memo released on Sunday by the House of Representatives
Energy and Commerce Committee, documents provided by GM and a
federal regulator provided “unsettling” information, according
to Republican Representative Tim Murphy, who leads a
subcommittee of the panel.
DETROIT/WASHINGTON (Reuters) – When General Motors Co Chief Executive Mary Barra faces Congress next week she will have to explain how the top brass at the biggest U.S. automaker can say they knew nothing for more than a decade about a faulty ignition switch linked to crashes and at least 12 deaths.
For lawmakers trying to find out who to blame for the lack of responsiveness by GM and its regulator to the tragedies, and in particular the multi-year delay in recalling potentially dangerous vehicles off the roads, it may turn out to be a frustrating couple of days.
WASHINGTON (Reuters) – U.S. lawmakers are considering calling on former General Motors Co executives and employees from parts supplier Delphi Automotive to testify as they cast a wide net in their probe of GM’s recall of 1.6 million vehicles with potentially lethal ignition-switch problems.
“We’re not ruling anything out,” House Energy and Commerce Committee Chairman Fred Upton told Reuters when asked if his committee would elicit testimony from former GM officials, including ex-CEOs, and Delphi officials who may have been directly involved in reviewing the problem that first arose in 2001.
WASHINGTON (Reuters) – Pressure built on General Motors on Monday to take steps to get 1.6 million of its recalled cars off the road immediately and to establish a compensation fund for consumers affected by the company’s faulty ignition switches linked to 12 deaths.
Senator Richard Blumenthal, who characterized some GM vehicles as “lethally defective,” asked the Department of Justice to force GM to set up the fund.
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.