WASHINGTON, July 9, 2009 (Reuters) — U.S. President Barack Obama suffered a double-barreled setback in Congress on Thursday when members of his own party moved to apply the brakes on his top legislative priorities, healthcare and climate change. ... > full story
WASHINGTON, July 9, 2009 (Reuters) — The U.S. House of Representatives on Thursday approved a $48.8 billion spending bill to bolster U.S. foreign policy and aid efforts, including to allies like Pakistan and Afghanistan. ... > full story
WASHINGTON, July 9, 2009 (Reuters) — A crack in the fragile coalition crafting a U.S. healthcare reform bill emerged on Thursday when fiscally conservative Democrats balked at the cost and direction of the House of Representatives' plan. ... > full story
NEW YORK, July 9, 2009 (Reuters) — New York Democrats on Thursday said they regained control of the state Senate after the second of two party members who had defected to the Republicans rejoined the Democrats, ending a nearly five-week impasse that had frozen all legislation. ... > full story
WASHINGTON, July 9, 2009 (Reuters) — A Senate panel on Thursday approved a $46.4 billion bill to fund the Treasury Department and pressed the agency to obtain more details about how recipients of the government's $700 billion financial bailout are using the funds. ... > full story
WASHINGTON, July 9, 2009 (Reuters) — As President Barack Obama encouraged world leaders meeting in Italy to intensify the fight against global warming, legislation to cut U.S. emissions of greenhouse gases suffered a delay in the Senate on Thursday. ... > full story
WASHINGTON, July 9, 2009 (Reuters) — U.S. Treasury Secretary Timothy Geithner will meet British Finance Minister Alistair Darling next Monday at the start of a trip to Europe and the Middle East to discuss global economic issues and efforts to curb terrorist money flows, Treasury said on Thursday. ... > full story
WASHINGTON, July 9, 2009 (Reuters) — The Obama administration is seeking "full partnership" with Moscow to bridge ballistic missile-defense differences that have strained U.S.-Russian ties for years, the head of the Pentagon's Missile Defense Agency said Thursday. ... > full story
WASHINGTON, July 9, 2009 (Reuters) — A proposal from a long-time congressional foe of the Federal Reserve that could give lawmakers sway over monetary policy has won the support of a majority in the House of Representatives, alarming officials at the U.S. central bank. ... > full story
WASHINGTON, July 8, 2009 (Reuters) — The powerful chairman of the U.S. House of Representatives Financial Services Committee on Wednesday introduced legislation to create a new consumer financial protection agency that would strip some powers away from current regulators. ... > full story
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Banks cut FDIC guarantee ties July 8, 2009 (Financial Times) — Subscription page JPMorgan Chase and Morgan Stanley will no longer issue government-guaranteed bonds in an effort to sever their financial ties to ...
CIT in plea to issue guaranteed debt July 8, 2009 (Financial Times) — Subscription page CIT, one of the largest finance companies in the US, is pressing regulators to end a six-month wait and allow it to issue ...
Warning new capital rules for banks will hit lending July 8, 2009 (Scotsman) — MEASURES to force banks to hold more capital to prevent a repeat of the worst financial crisis since the Great Depression could reduce the ...
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