WASHINGTON - U.S. regulators are set on Tuesday to approve a rule to rein in risky trading by banks, a crucial part of their efforts to reform Wall Street and prevent another costly taxpayer bailout.
WASHINGTON - John Podesta, a former chief of staff to President Bill Clinton, is returning to the White House to advise President Barack Obama as he struggles to regain his footing after the flawed healthcare law rollout, according to a source familiar with the issue.
WASHINGTON - The U.S. Senate gave final approval on Monday to a bill to renew a ban against firearms that can pass undetected through metal detectors, but rejected calls to update the law in response to the advent of plastic guns made with 3-D printers.
Mon, Dec 9 2013
MIAMI - U.S. Representative Alan Grayson, a Florida Democrat, lost about $18 million in a scheme involving a Reston, Virginia-based firm that loaned customers funds in exchange for securities posted as collateral, his office said on Monday.
WASHINGTON - Leaders of the U.S. Senate and House of Representatives Armed Services committees agreed on a slimmed-down defense authorization bill and want a final vote on the measure before Congress leaves for the year, committee leaders said on Monday.
WASHINGTON - Government-run Fannie Mae and Freddie Mac will raise the fees they charge mortgage lenders for guaranteeing new loans in March to encourage private firms to wade back into the housing finance market.
ON BOARD AIR FORCE ONE - President Barack Obama brought former President George W. Bush with him to Africa on Monday to attend a memorial for Nelson Mandela in a high-profile show of American respect for the man who vanquished white-minority rule in South Africa.
WASHINGTON - A budget deal aimed at avoiding a U.S. government shutdown on January 15 and relieving federal agencies of some indiscriminate spending cuts that are set to begin with the new year could emerge in Congress on Tuesday, congressional aides said on Monday.
WASHINGTON - President Barack Obama's choice for U.S. tax commissioner, a multimillionaire with a reputation for troubleshooting, appears headed for confirmation, but on Tuesday will first face some tough questioning in Congress.
WASHINGTON - Fannie Mae and Freddie Mac will raise certain fees they charge mortgage lenders, their regulator said on Monday, a step designed to encourage private firms to wade back into the housing finance market.
These days Washington is not known for bipartisanship, but every now and then a breakthrough is made. It is noteworthy that Vice President Joe Biden, a Democrat, and Senator John McCain, a Republican, are appearing together at a forum in Sedona, Arizona on Friday.