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Senate panel approves CFTC nominee Wetjen Tue,2 Aug 2011 04:20 PM PDT Reuters - WASHINGTON (Reuters) - The Senate Agriculture Committee approved the nomination of a Democratic commissioner to the U.S. futures regulator on Tuesday, an appointment that if confirmed could prove pivotal in the implementation of some far-reaching Wall Street reforms. Full Story | |
Senate fails to end partial FAA shutdown Tue,2 Aug 2011 03:08 PM PDT Reuters - WASHINGTON (Reuters) - The Senate failed in a last-minute bid on Tuesday to end a partial shutdown of federal aviation programs that has halted airport construction projects and thrown tens of thousands of people out of work. Full Story | |
Congress plans to block consumer agency job Tue,2 Aug 2011 02:07 PM PDT Reuters - WASHINGTON (Reuters) - Congressional Republicans plan to block President Barack Obama from appointing a director for the new consumer agency over the August congressional recess. Full Story | |
Senate should act on highway bill after break: Reid Tue,2 Aug 2011 01:16 PM PDT Reuters - WASHINGTON (Reuters) - The Senate should take up legislation laying out how much money the country will spend on roads, bridges and highways when it returns from its month-long recess, Majority Leader Harry Reid said on Tuesday. Full Story | |
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U.S. rating at risk of negative outlook: Fitch Tue,2 Aug 2011 01:05 PM PDT Reuters - NEW YORK (Reuters) - Fitch Ratings does not rule out slapping a negative outlook on the U.S. AAA rating when it concludes a review of the country later this month, the agency's top analyst for the United States said on Tuesday. Full Story | |
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Obama to speak after Senate vote on debt deal Tue,2 Aug 2011 07:27 AM PDT Reuters - WASHINGTON (Reuters) - President Barack Obama will make a statement at the White House after the Senate votes on a bill to raise the debt ceiling and cut the deficit, the White House said Tuesday. Full Story | |
Efforts to end FAA shutdown falter in Senate Tue,2 Aug 2011 05:21 AM PDT Reuters - WASHINGTON (Reuters) - Efforts to craft a compromise to end a partial shutdown of federal aviation programs faltered in the U.S. Senate on Monday night, raising the near certainty that the standoff will go through August. Full Story | |
Relief on debt deal but more cuts needed: OECD Tue,2 Aug 2011 05:21 AM PDT Reuters - ATHENS (Reuters) - A last-minute deal on the U.S. debt brings welcome relief but further negotiations involving much bigger cuts will be needed to resolve America's debt problem, the OECD's top official said Tuesday. Full Story | |
Debt still a threat to global economy: report Tue,2 Aug 2011 05:21 AM PDT Reuters - BEIJING (Reuters) - The United States' debt woes still threaten the global economy despite a last-minute deal struck by the White House and political party leaders, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar. Full Story | |
Factbox: Key elements of debt deal Tue,2 Aug 2011 05:21 AM PDT Reuters - (Reuters) - President Barack Obama announced on Sunday that Republican and Democratic leaders had agreed on a last-ditch deal to raise the U.S. borrowing limit and avoid a catastrophic default, and he urged lawmakers to "do the right thing" and approve the agreement. Full Story | |
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Analysis: Angry over debt debate, voters may punish leaders Mon,1 Aug 2011 03:36 PM PDT Reuters - WASHINGTON (Reuters) - Throw the bums out! Full Story | |
House Democratic leader Pelosi to back debt bill Mon,1 Aug 2011 02:58 PM PDT Reuters - WASHINGTON (Reuters) - House of Representatives Democratic Leader Nancy Pelosi plans to vote for a bill to raise the government's debt ceiling, a Democratic Party aide said on Monday. Full Story | |
Factbox: Republican 2012 hopefuls mostly decry debt deal Mon,1 Aug 2011 02:28 PM PDT Reuters - WASHINGTON (Reuters) - Republicans looking to unseat President Barack Obama in the 2012 election are taking stands on the proposed 11th-hour deal to raise the U.S. borrowing limit -- mostly against Republican leaders in Congress. Full Story | |
U.S. business hopes debt deal clears way for trade Mon,1 Aug 2011 01:42 PM PDT Reuters - WASHINGTON (Reuters) - A deal to raise the U.S. debt ceiling after weeks of tough talks between the White House and Congress has raised hope leaders will now turn their attention to resolving difference blocking three long-delayed trade deals, U.S. business groups said on Monday. Full Story | |
U.S. Treasury to borrow $331 billion in 3rd quarter Mon,1 Aug 2011 01:34 PM PDT Reuters - WASHINGTON (Reuters) - The U.S. Treasury adopted a business-as-usual mode on Monday as it unveiled plans to borrow $331 billion in the current quarter, assuming Congress hikes the debt limit so it can legally do so. Full Story | |
Pakistan seeks "clear terms of engagement" with U.S. Mon,1 Aug 2011 12:11 PM PDT Reuters - ISLAMABAD (Reuters) - Pakistani President Asif Ali Zardari called Monday for his government and the United States to agree on "clear terms of engagement" in the fight against Islamist militants to avert troubles in their relationship. Full Story | |
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Liberal Democrats may vote against debt deal Mon,1 Aug 2011 09:06 AM PDT Reuters - WASHINGTON (Reuters) - Raul Grijalva, who heads a group of liberal Democrats in the House of Representatives, said on Monday he expects most members of his progressive caucus to vote against a debt ceiling deal crafted by Republican and Democratic leaders. Full Story | |
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CBO: Debt limit deal to save $2.1 trillion Mon,1 Aug 2011 08:43 AM PDT Reuters - WASHINGTON (Reuters) - A U.S. budget deal reached by congressional leaders to clear the way for a debt limit increase would achieve at least $2.1 trillion in deficit cuts over 10 years, the Congressional Budget Office said on Monday. Full Story | |
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White House: expiry of Bush tax cuts to spur reform Sun,31 Jul 2011 07:14 PM PDT Reuters - WASHINGTON (Reuters) - White House officials said on Sunday the spending cuts laid out under a new deficit deal would not take effect until 2013 and the expiry of Bush-era tax cuts for the wealthiest Americans would spur broad tax reform. Full Story |
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