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U.S. Congressional News


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Big Three automaker plans hit congressional desks

DETROIT/WASHINGTON, Dec. 2, 2008 (Reuters) — U.S. automakers started to submit plans demanded by Congress as the Big Three's CEOs and lawmakers gird for debate over a $25 billion bailout the industry says it needs to survive. ...  > full story

Georgia votes in key Senate run-off election

DULUTH, Georgia, Dec. 2, 2008 (Reuters) — The state of Georgia votes in a run-off election for the Senate on Tuesday that will help decide whether Democrats gain a big enough majority in the chamber to ram through legislation virtually at will. ...  > full story

GE and autos ignite Wall Street

NEW YORK, Dec. 2, 2008 (Reuters) — Stocks rose on Tuesday as investors snapped up beaten-down shares after Monday's steep sell-off and news that General Electric would maintain its dividend helped buoy sentiment. ...  > full story

House to push $500 billion stimulus bill

WASHINGTON, Dec. 1, 2008 (Reuters) — U.S. House of Representatives Speaker Nancy Pelosi met leading governors on Monday to discuss the size and shape of an economic stimulus package that one Democratic aide said was likely to cost around $500 billion. ...  > full story

House to seek about $500 billion economic stimulus

WASHINGTON, Dec. 1, 2008 (Reuters) — Democrats in the House of Representatives likely will seek passage next month of an economic stimulus bill costing about $500 billion, a House Democratic aide said on Monday. ...  > full story

Obama presses economic theme as team solidifies

CHICAGO, Nov. 26, 2008 (Reuters) — President-elect Barack Obama takes another step toward tackling the ailing U.S. economy on Wednesday as part of an aggressive effort to demonstrate that his administration will face the global financial crisis head-on. ...  > full story

Obama names Orszag to run White House budget office

CHICAGO, Nov. 25, 2008 (Reuters) — President-elect Barack Obama nominated Congressional Budget Office chief Peter Orszag on Tuesday to be the director of the White House budget office. ...  > full story

Citigroup gets massive government bailout

NEW YORK, Nov. 24, 2008 (Reuters) — The U.S. rescued Citigroup Inc, agreeing to shoulder most losses on about $306 billion of the bank's risky assets, and inject new capital, bolstering investor hopes that the government will support big banks as the economy sinks into recession. ...  > full story

Iraq PM says U.S. troops will leave if no pact

BAGHDAD, Nov. 23, 2008 (Reuters) — Iraq will not seek to extend the U.N. mandate of U.S. troops and they will pull out immediately if Iraqi parliament fails to approve a pact allowing them to stay until 2011, Iraq's prime minister said on Sunday. ...  > full story

Pelosi says Congress could back huge stimulus plan

WASHINGTON, Nov. 23, 2008 (Reuters) — Speaker of the U.S. House of Representatives Nancy Pelosi said on Sunday that Congress could put together an economic stimulus package of several hundred billion dollars that should also contain tax cuts. ...  > full story
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