China news agency lambastes U.S. for debt crisis
Thu,28 Jul 2011 09:22 PM PDT
Reuters - BEIJING (Reuters) - China's state-run news agency has sharply criticized U.S. politicians for flirting with a disastrous debt default, saying the world's largest economy has been "kidnapped" by "dangerously irresponsible" U.S. politics. Full Story |
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House Republicans to meet Friday morning: Rep. Pence
Thu,28 Jul 2011 08:16 PM PDT
Reuters - WASHINGTON (Reuters) - House Republicans will meet at 10 a.m. on Friday (1400 GMT) to assess their options after they delayed a vote on their debt-ceiling bill due to a lack of support, Representative Mike Pence said on Thursday. Full Story |
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Obama losing sleep as debt deal goes down to wire
Thu,28 Jul 2011 05:33 PM PDT
Reuters - WASHINGTON (Reuters) - President Barack Obama is deeply involved in trying to win a debt deal and his White House was working flat out, aides said, pushing back against any impression Congress had sidelined the administration. Full Story |
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 NEW YORK (Reuters) - New Jersey Governor Chris Christie, often mentioned as a possible Republican U.S. presidential candidate, was released from hospital on Thursday evening after undergoing tests for breathing difficulties. |
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 WASHINGTON (Reuters) - The Federal Reserve plans to provide guidance to banks soon on how to handle the potentially turbulent financial waters if the United States exhausts its borrowing authority. |
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 WASHINGTON (Reuters) - House of Representatives Speaker John Boehner, the top Republican in Congress who has put forward a deficit reduction plan to be voted on later Thursday, said he had no control over whether his bill would avert a credit downgrade. |
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 WASHINGTON (Reuters) - House of Representatives Republican leader Eric Cantor Thursday challenged the Democratic-led Senate to accept a House-passed bill raising the debt limit or suffer the consequences of default. |
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Senate will defeat Boehner bill tonight, Reid says
Thu,28 Jul 2011 10:04 AM PDT
Reuters - WASHINGTON (Reuters) - The Democratic-controlled Senate will defeat House Speaker John Boehner's plan to raise the debt ceiling shortly after the Republican-controlled House of Representatives votes on it, Senate Democratic Leader Harry Reid said on Thursday. Full Story |
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 WASHINGTON (Reuters) - The White House said on Thursday it was "pretty clear" what a compromise between Republicans and Democrats would look like to reduce the deficit and lift the debt ceiling by an August 2 deadline. |
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 WASHINGTON (Reuters) - Transportation Secretary Ray LaHood urged Congress on Thursday to end a partial shutdown of the Federal Aviation Administration (FAA) and restore full funding to the agency. |
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 WASHINGTON (Reuters) - The debt limit impasse in Washington, where a polarized Congress is struggling to avert an imminent U.S. default, points to a deeper crisis -- America may be entering an age of political paralysis. |
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 BOSTON (Reuters) - Republican presidential front-runner Mitt Romney has been on a glide path toward the 2012 primary elections, serving up a steady diet of soundbites and campaign material attacking President Barack Obama on jobs and the economy. |
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 WASHINGTON (Reuters) - The House of Representatives is tentatively scheduled to vote between 5:45 p.m. and 6:15 p.m EDT on Thursday on a proposal to cut the deficit and raise the debt limit by $900 billion, a congressional aide said. |
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 WASHINGTON (Reuters) - The United States will be "running on fumes" if its debt limit is not raised by August 2, the White House said on Wednesday, as it sought to kill talk that this was not a real deadline to strike a deficit deal. |
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Snapshot: What to expect Thursday in debt crisis
Wed,27 Jul 2011 10:04 PM PDT
Reuters - WASHINGTON (Reuters) - Here is what to expect on Thursday as lawmakers try to close in on a deal for Congress to raise the government's $14.3 trillion borrowing limit by an August 2 deadline and avoid a debt default: Full Story |
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Lawmaker vows look at China trade "abuses"
Wed,27 Jul 2011 05:54 PM PDT
Reuters - WASHINGTON (Reuters) - A top Republican lawmaker Wednesday said he planned to turn up the pressure on China over a long list of trade "abuses" after Congress returns from its upcoming August recess. Full Story |
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 WASHINGTON (Reuters) - Republican presidential contender Mitt Romney said on Wednesday Chinese businesses were the "worst offenders" of global trade rules as his campaign vowed he would "get tough" with China if he wins in 2012. |
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 WASHINGTON (Reuters) - Trimming U.S. funding to the World Bank and other global lenders would reduce American influence in developing countries and give China a competitive edge, lawmakers were told on Wednesday. |
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 MOSCOW (Reuters) - U.S. visa restrictions on Russian officials linked to the death of hedge fund lawyer Sergei Magnitsky could become a "serious irritant" in bilateral relations and provoke a response from Moscow, Russia's Foreign Ministry said on Wednesday. |
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 WASHINGTON (Reuters) - A Michigan-based legal group on Wednesday asked the Supreme Court to review and overturn a decision that found President Barack Obama's signature healthcare law constitutional. |
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Boehner says revised debt plan yields greater cuts
Wed,27 Jul 2011 03:24 PM PDT
Reuters - WASHINGTON (Reuters) - House of Representatives Speaker John Boehner's office said on Wednesday that its revised plan to raise the U.S. debt ceiling would deliver about $65 billion more in cuts over a 10-year period than an earlier version. Full Story |
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Farm cuts may be smaller than expected: Lawmaker
Wed,27 Jul 2011 01:28 PM PDT
Reuters - WASHINGTON (Reuters) - U.S. agricultural programs face cuts of $10-$11 billion over the next decade as Congress slashes federal spending to reduce the budget deficit, said a senior farm-state Democrat on Wednesday. Full Story |
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U.S. lawmaker vows look at China trade "abuses"
Wed,27 Jul 2011 12:39 PM PDT
Reuters - WASHINGTON (Reuters) - A top Republican lawmaker Wednesday said he planned to turn up the pressure on China over a long list of trade "abuses" after Congress returns from its upcoming August recess. Full Story |
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CEOs say yes to Congress on removing tax breaks
Wed,27 Jul 2011 12:25 PM PDT
Reuters - WASHINGTON (Reuters) - The CEO of Wal-Mart Stores Inc. and other major U.S. employers told Congress on Wednesday they would be willing to give up tax breaks that benefit their companies in return for a steep drop in the country's 35 percent corporate tax rate. Full Story |
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White House: Time running out for debt compromise
Wed,27 Jul 2011 11:40 AM PDT
Reuters - WASHINGTON (Reuters) - The White House warned on Wednesday that time was running out to reach a compromise on the U.S. debt limit and said that Republicans and Democrats must come together now on an agreement. Full Story |
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Lawmaker presses Obama to back trade deals plan
Wed,27 Jul 2011 11:09 AM PDT
Reuters - WASHINGTON (Reuters) - A top Republican lawmaker on Wednesday outlined a plan for winning approval of three long-delayed trade agreements and a worker retraining program the White House has insisted Congress pass along with them. Full Story |
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 WASHINGTON (Reuters) - Will the sky fall on August 2 if Congress fails to raise the debt ceiling? |
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 WASHINGTON (Reuters) - The Senate on Wednesday confirmed former Commerce Secretary Gary Locke as ambassador to China, sending to Beijing an envoy who has said he would press for greater access to Chinese markets. |
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Senate Democrats debt plan saves $2.2 trillion: CBO
Wed,27 Jul 2011 07:16 AM PDT
Reuters - WASHINGTON (Reuters) - Senate Democrats' legislation to reduce the U.S. deficit and increase borrowing authority would cut $2.2 trillion from deficits, about $500 billion less than Democrats claimed, the Congressional Budget Office said Wednesday. Full Story |
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 WASHINGTON (Reuters) - The nominee to become the top U.S. military officer warned on Tuesday it would be "extraordinarily difficult and very high risk" to cut $800 billion from defense spending as part of efforts to reduce the nation's $14.3 trillion debt. |
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Two senators tell airlines not to "pocket" tax
Tue,26 Jul 2011 05:32 PM PDT
Reuters - WASHINGTON (Reuters) - Airlines should not "pocket" revenue from a passenger tax that has lapsed during a partial aviation shutdown, two U.S. Senate transportation leaders said in a letter sent to the industry association on Tuesday. Full Story |
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 WASHINGTON (Reuters) - Trade Representative Ron Kirk said on Tuesday he was optimistic a deal could be struck with Republicans clearing the way for Congress to pass free trade pacts with South Korea, Colombia and Panama after lawmakers return in September from a month-long recess. |
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WASHINGTON (Reuters) - U.S. Trade Representative Ron Kirk said on Tuesday he was optimistic a deal could be struck with Republicans clearing the way for Congress to pass free trade pacts with South Korea, Colombia and Panama after lawmakers return in September from a month-long recess. |
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North Carolina lower house overrides abortion bill veto
Tue,26 Jul 2011 04:25 PM PDT
Reuters - RALEIGH, North Carolina (Reuters) - The North Carolina House of Representatives narrowly overrode a veto on Tuesday of a bill requiring women to wait 24 hours before getting an abortion and be presented with a ultrasound of the fetus. Full Story |
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House passes bill to speed up oil sands pipe review
Tue,26 Jul 2011 04:12 PM PDT
Reuters - WASHINGTON (Reuters) - The House of Representatives on Tuesday approved legislation that would set a firm deadline for the Obama administration to decide the fate of a proposed $7 billion pipeline that would transport Canadian oil sands crude to the U.S. Gulf Coast. Full Story |
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Boehner reworks plan after cuts fall short
Tue,26 Jul 2011 04:00 PM PDT
Reuters - WASHINGTON (Reuters) - House Speaker John Boehner is reworking his budget plan after an analysis found that its spending cuts fall short of what he promised, a spokesman said on Tuesday. Full Story |
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