Treasury Secretary Timothy Geithner has pursued a more diplomatic approach, trying to persuade Beijing it would be in its own best interest to adopt a market-based currency regime.
The Treasurys semiannual currency report, originally due on April 15, said Chinas yuan remains undervalued. But it noted Beijing made a significant move last month by ending a [...]
The bill, the most sweeping financial rules revamp since the 1930s, is headed toward final congressional approval next week although implementation will be bogged down for months in regulatory rule-making.
The legislation would set up a new financial consumer watchdog, create a protocol for dismantling troubled financial firms and mandate higher bank capital standards, all in [...]
S. lawmakers will ask Lamar McKay why BP made repeated choices that appeared to favor cost savings over safety before its rig blew up in the Gulf of Mexico.
McKay, the head of BP America, will be surrounded at the congressional hearings by executives from Exxon Mobil, Chevron, ConocoPhillips and Royal Dutch Shell seeking to stave [...]
For months, National Intelligence Director Dennis Blair has been a dead man walking – and he knew it. So constant and vicious were the leaks from the White House and Congress of his imminent departure that he opened a recent speech on intelligence reform with a joke that his replacement would be Redskins quarterback [...]
The GOP is hoping to celebrate a victory by Charles Djou on Saturday in a special election against two Democrats – one a former congressman himself – who seem to be splitting their partys vote. Not only would that mean the loss of a Democratic seat in Congress, it would be an embarrassment for [...]
Mark Souders decision to resign Friday and become the third of the states nine congressmen to step down this year.
The eight-term Republican who promoted abstinence education rocked party leaders Tuesday with his announcement that he was stepping down because of an extramarital affair with a part-time staff member. Souder won a bruising primary [...]
3 trillion shortfall over the next 75 years, but a new congressional report says the massive gap could be erased with only modest changes to payroll taxes and benefits.
Some of the options are politically dangerous, such as increasing payroll taxes or reducing annual cost-of-living increases for Social Security recipients. Others, such as gradually raising [...]
People want Democrats to control Congress after this falls elections, a shift from April, according to an Associated Press-GfK poll released Saturday. But the margin is thin and theres a flashing yellow light for incumbents of both parties Only about one-third want their own lawmakers re-elected.
The tenuous 45 percent to 40 percent preference [...]
Americans want Democrats to control Congress after this falls elections, a shift from April, according to an Associated Press-GfK poll released Saturday. But the margin is thin and theres a flashing yellow light for incumbents of both parties Only about a third want their own lawmakers re-elected.
The tenuous 45 percent to 40 percent [...]
This time around, theyre hoping they dont get trapped in a similar net.
The circumstances of Republican Mark Foleys come-ons with former congressional pages in 2006 are not a precise match with those surrounding Democrat Eric Massas behavior with members of his House staff. But once again, a competitive midterm election year is unfolding [...]