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Senate confirms new ambassador to Mexico
Tue,2 Aug 2011 06:48 PM PDT
Reuters -  WASHINGTON (Reuters) - The Senate on Tuesday unanimously confirmed Earl Anthony Wayne as U.S. ambassador to Mexico, a post vacated when Washington's last envoy stepped down in a public spat.
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Geithner says debt compromise is a good result
Tue,2 Aug 2011 04:27 PM PDT
Reuters -  WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said the bitterly fought debt agreement signed into law on Tuesday is a move toward restoring fiscal responsibility and creates room to deal with the nation's economic challenges.
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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 | Top |
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 | Top |
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 | Top |
Representative Giffords re-election plans uncertain
Tue,2 Aug 2011 01:09 PM PDT
Reuters -  PHOENIX (Reuters) - Representative Gabrielle Giffords, who made a dramatic return to Congress for the first time since an assassination attempt in January, has not decided whether to run for re-election next year, her spokesman said on Tuesday.
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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 | Top |
Obama says more needed to boost U.S. economy
Tue,2 Aug 2011 10:57 AM PDT
Reuters -  WASHINGTON (Reuters) - President Barack Obama said on Tuesday a just-passed bill to raise the U.S. debt ceiling and cut spending was a first step toward ensuring the United States lives within its means but that more was needed to rebuild the world's largest economy.
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Gabrielle Giffords returns for debt vote
Tue,2 Aug 2011 10:38 AM PDT
Reuters -  WASHINGTON (Reuters) - Representative Gabrielle Giffords returned to the U.S. House on Monday night for the first time since an assassination attempt, drawing thunderous applause in a rare moment of unity during a contentious vote to raise the U.S. debt ceiling.
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Analysis: Tea Party proves clout, but at what cost?
Tue,2 Aug 2011 10:38 AM PDT
Reuters -  WASHINGTON (Reuters) - Tea Party conservatives scored their biggest political triumph with a debt-ceiling deal that cuts federal spending, but their hardline tactics could risk a voter backlash in the 2012 elections.
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Obama to sign debt bill right away: White House
Tue,2 Aug 2011 10:01 AM PDT
Reuters -  WASHINGTON (Reuters) - President Barack Obama will sign into law a bill raising the government's debt ceiling and cutting spending as soon as it arrives at his desk, White House communications director Dan Pfeiffer said on Tuesday.
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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 | Top |
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 | Top |
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 | Top |
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 | Top |
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 | Top |
Shooting victim Giffords returns for debt vote
Mon,1 Aug 2011 04:52 PM PDT
Reuters - WASHINGTON (Reuters) - Representative Gabrielle Giffords returned to the House floor on Monday for the first time since she was shot in the head in January, receiving a thunderous ovation from Democrats and Republicans alike.
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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 | Top |
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 | Top |
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 | Top |
Biden predicts passage of debt limit bill
Mon,1 Aug 2011 12:03 PM PDT
Reuters -  WASHINGTON (Reuters) - Vice President Joe Biden, emerging from a 2 1/2-hour meeting with Democrats in the House of Representatives, predicted a debt limit increase bill will pass Congress.
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Obama to keep pushing payroll tax cut extension
Mon,1 Aug 2011 10:31 AM PDT
Reuters -  WASHINGTON (Reuters) - President Barack Obama will continue to push for an extension of the payroll tax cut despite that not being part of a deficit-cutting deal reached by lawmakers, the White House said on Monday.
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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 | Top |
New drug regulator asks Congress for more power
Mon,1 Aug 2011 08:55 AM PDT
Reuters -  WASHINGTON (Reuters) - Drug companies should take more responsibility for the safety of ingredients sourced overseas, and Congress should make them if they do not, according to the new U.S. drug regulator for import safety.
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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 | Top |
Boehner wants Monday vote on debt deal
Mon,1 Aug 2011 07:13 AM PDT
Reuters -  WASHINGTON (Reuters) - House Speaker John Boehner told fellow Republicans that he wants the House of Representatives to vote on Monday on a last-minute deal to raise the debt ceiling, a Republican lawmaker said on Sunday.
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Analysis: Debt negotiators eye 2012
Mon,1 Aug 2011 07:12 AM PDT
Reuters -  WASHINGTON (Reuters) - Lawmakers bogged down in talks on the debt limit need to reach a deal by an August 2 deadline but the politicians also have one eye another big date: Election Day on November 6, 2012.
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California moves presidential primary to June
Mon,1 Aug 2011 05:57 AM PDT
Reuters -  SAN FRANCISCO (Reuters) - California has moved its presidential primary to June, consolidating trips to the poll to save money in an election that most voters in the Democratic leaning state see as a foregone conclusion.
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For Obama, Bush tax cuts shadow further debt talks
Sun,31 Jul 2011 10:39 PM PDT
Reuters -  WASHINGTON (Reuters) - The White House has one important tool in its arsenal to influence congressional talks over further deficit reduction measures in the coming months: the expiry of Bush-era tax cuts at the end of 2012.
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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 | Top |
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