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U.S. swaps regulator O'Malia to head bank lobby group 9:38am EDT

WASHINGTON/HONG KONG - A member of the U.S. Commodity Futures Trading Commission will become the new head of a bank lobby group that is fighting the derivatives regulator in court over a crucial new rule curtailing Wall Street.

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U.S. announces arrests in border crackdown on human smuggling

WASHINGTON - U.S. officials have made almost 200 arrests and seized more than $625,000 in illicit profits in a month-long crackdown on human smuggling in response to an influx of illegal immigration into Texas, the Department of Homeland Security said on Tuesday.

U.S. 22 Jul 2014
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Obama's veterans agency nominee vows corporate-style discipline

WASHINGTON - U.S. President Barack Obama's nominee to fix the Department of Veterans Affairs pledged on Tuesday to bring corporate-style discipline and accountability to the troubled agency plagued by healthcare delays and accusations of mismanagement and fraud.

22 Jul 2014
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U.S. Senate sets $225 million for Israel's Iron Dome in emergency bill

WASHINGTON - U.S. Senate Democrats included $225 million for Israel's Iron Dome rocket interception system in an emergency funding bill on Tuesday that also cut $1 billion from President Barack Obama's request for $3.7 billion to deal with thousands of undocumented child immigrants.

22 Jul 2014
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U.S. judge dismisses Republican lawsuit over Obamacare subsidy for Congress

MILWAUKEE - A federal judge has thrown out a U.S. Senator's legal challenge to a part of President Barack Obama's healthcare law that grants health insurance subsidies for members of Congress and their staffs.

Health, U.S., 22 Jul 2014
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Top lawmaker wants corporate tax loophole 'plugged now'

WASHINGTON - Immediate government action is needed to stop U.S. corporations from avoiding federal taxes by shifting their tax domiciles overseas through deals known as inversions, the head of the U.S. Senate Finance Committee said on Tuesday.

22 Jul 2014