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
Copyright Reuters 2008. See Restrictions for more details.
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 ...