March 6th, 2010
Senate | 
Be the First to Comment
Senate Republicans should be forced to vote on the proposed compromise that would create a consumer-protection division at the Federal Reserve, which would be a mistake, Frank said yesterday in an interview on Bloomberg Televisions “Political Capital With Al Hunt” broadcast this weekend.
[...]
February 26th, 2010
Senate | Be the First to Comment
The Fed will support legislation to let government auditors probe six temporary programs created to combat the financial crisis such as the Primary Dealer Credit Facility, Bernanke said yesterday in House testimony. While he would support the delayed release of names of firms getting aid from those programs, he said banks borrowing through the longstanding [...]
February 23rd, 2010
Senate | Be the First to Comment
Opposition in the Senate to a measure that would allow the Government Accountability Office to examine Fed interest-rate decisions is likely to doom the populist cause after it passed in the House Dec. 11, according to Gregory R. Valliere, a chief strategist at Potomac Research Group in Washington. Its defeat would remove a threat that [...]
February 10th, 2010
Senate | Be the First to Comment
The plan announced yesterday by Senate Majority Leader Leader Harry Reid would will give small businesses more power to write off investment costs, extend the Build America Bonds program that subsidizes interest payments on local government bonds and continue the federal highway construction program through years end.
[...]
February 5th, 2010
Senate | Be the First to Comment
The proposals timing is viewed by some as “transparently political and not substantive,” Senate Banking Committee Chairman Christopher Dodd said on Feb. 2. It was “airdropped” into the Senate debate on legislation to overhaul U.S. financial rules, said Senator Richard Shelby, the panels top Republican.
[...]
January 7th, 2010
Senate | Be the First to Comment
The current chairman, Connecticut Democrat Christopher Dodd, announced yesterday he wont seek re-election this year. His replacement by Johnson, who underwent brain surgery three years ago, would turn the panels leadership over to a lawmaker from a rural state dominated by small community banks. Johnsons home state is also the headquarters of Citigroup Inc.s credit-card [...]
January 6th, 2010
Senate | Be the First to Comment
A Senate bill would impose an additional 0.9 percent Medicare tax on individuals earning more than $200,000 a year in salary and on joint filers who make more than $250,000.
The House and Senate are at odds over how to pay for [...]
December 28th, 2009
Senate | Be the First to Comment
The Senate garnered the minimum 60 votes needed to overcome Republican objections and pass its measure overhauling health care, and any major changes would jeopardize final approval, said Senator Bob Menendez of New Jersey, chairman of the Democratic Senate Campaign Committee.
“If [...]
December 27th, 2009
Senate | Be the First to Comment
Pocketbook concerns join abortion and whether Uncle Sam should peddle insurance as the top bones of contention for negotiators who must resolve difference between the House and Senate bills.
The negotiations are the last chance for Democrats to shape the legislation to deliver concrete benefits to Americans skeptical that it will help control skyrocketing premiums as [...]
December 25th, 2009
Senate | Be the First to Comment
Senate Majority Leader Harry Reid and House Speaker Nancy Pelosi pledged to work with members of both chambers to send a final measure to President Barack Obama as soon as possible.
The administration is aiming for a compromise to pass around the [...]