WASHINGTON, Dec 21 (Reuters) – Alarm about an arcane
provision that could send U.S. milk prices at the grocery store
soaring, hurting millions of American households, has spurred
calls for last-minute action on farm legislation that has been
languishing for months.
Congressional negotiators on a new five-year farm bill are
deadlocked on the size of potential cuts in food stamps for the
poor, the largest U.S. anti-hunger program, and on reductions in
crop subsidies to farmers.
WASHINGTON (Reuters) – The U.S. Department of Agriculture on Thursday announced final rules meant to improve the ability to trace livestock across state lines when there are disease outbreaks.
The regulations, which were laid out as proposals in August 2011, had their genesis in the handful of cases of mad cow disease, or bovine spongiform encephalopathy, in the United States dating back to 2003.
WASHINGTON, Dec 19 (Reuters) – The federal government on
Wednesday announced a plan to manage energy drilling on part of
Alaska’s North Slope, with the 23-million-acre National
Petroleum Reserve to be divided between areas available for oil
and gas leases and those that are protected from development.
The announcement by U.S. Interior Secretary Ken Salazar
followed the completion of an environmental impact study, which
recommended development of areas that contain about 72 percent
of the estimated “economically recoverable” oil in the reserve.
WASHINGTON (Reuters) – Barclays Bank PLC (BARC.L: Quote, Profile, Research, Stock Buzz) has denied that it manipulated electricity markets and predicted in a tersely worded regulatory filing that the U.S. Federal Energy Regulatory Commission’s case, and proposed record penalties, will not hold up in court.
In a filing made late on Friday, a response to a “show cause” order by FERC, Barclays and four of its former traders rejected the commission’s charge that they enacted various schemes in the markets in the Western United States to benefit offsetting swaps positions.
WASHINGTON (Reuters) – A move by U.S. authorities to consider placing a small grassland bird native to parts of the oil and gas belt on the Endangered Species List has drawn the ire of some Western lawmakers.
The U.S. Fish and Wildlife Service on Friday announced a plan to consider having the lesser prairie chicken listed as “threatened” under the Endangered Species Act.
WASHINGTON, Nov 30 (Reuters) – A move by U.S. authorities to
consider placing a small grassland bird native to parts of the
oil and gas belt on the Endangered Species List has drawn the
ire of some Western lawmakers.
The U.S. Fish and Wildlife Service on Friday announced a
plan to consider having the lesser prairie chicken listed as
“threatened” under the Endangered Species Act.
NEW YORK (Reuters) – The signs of life in the U.S. housing market may be encouraging, but not all money managers are convinced that rising home sales and values can provide serious momentum to the U.S. economy in 2013.
The still unresolved issue of some 10 million underwater mortgages – where the amount owed is larger than the current value of the house – remains a key impediment, said speakers at the Reuters Global Investment Outlook 2013 Summit in New York.
NEW YORK (Reuters) – As President Barack Obama casts around for a new U.S. Treasury Secretary, one top bond manager has a suggestion: Forget the London Whale debacle and consider JPMorgan Chase’s (JPM.N: Quote, Profile, Research, Stock Buzz) CEO Jamie Dimon.
Timothy Geithner, who has held the top Treasury post and one of the most powerful positions in world finance since 2009, is expected to leave early in the new year. He will stay through Inauguration Day, January 21, the White House said.
BOSTON (Reuters) – A moderate earthquake struck the northeastern U.S. state of Maine on Tuesday shortly after 7 p.m. (2300 GMT), according to the U.S. Geological Survey.
First reported as a 4.5 magnitude quake centered near Lake Arrowhead, the USGS revised the quake’s magnitude to 4.6 and finally down to 4.0.
BOSTON, Oct 16 (Reuters) – U.S. financial regulators have
not overcompensated for past behavior in their approach toward
regulation since the financial meltdown of recent years, and do
not approach their work with a “gotcha mentality,” a top Federal
Reserve official said on Tuesday.
“Overcorrection is not preached as best practice in
regulation,” said Federal Reserve Governor Sarah Raskin. “I
haven’t seen overzealous examinations.”