Congressional negotiators on Wednesday raced against a looming deadline to craft a budget deal that would cut billions of dollars in spending and keep the government operating beyond Friday.
Congressional negotiators on Wednesday raced against a looming deadline to agree on billions of dollars in spending cuts in a budget deal that keeps the federal government operating beyond Friday.
With a government shutdown looming, congressional negotiators plan to meet again on Wednesday but remain billions of dollars apart in their search for a budget deal to keep federal agencies running beyond Friday.
Congress is looking ahead to negotiating the 2012 federal budget as a deal nears on the remainder of the 2011 fiscal year budget, with House Republican leadership outlining its goals and a top Democrat saying the Tea Party has had some effect on previous budget talks, but said lawmakers misread their own constituents in seeking larger cuts than were possible in the 2011 fiscal year.
Talks on how to approach U.S. corporate tax reform are stirring to life again as Republican House majority leader Eric Cantor backed of push to give multinational companies a break on money imported to the U.S. from their subsidiaries owned in other countries.
Congress averted a partial federal shutdown on Thursday as the Senate voted to pass a three week extension already approved by the House that gives lawmakers time to negotiate a long term deal.
At least 46 percent of the American voters welcome a government shutdown over disagreement in Washington over federal spending, according to a recent poll.
Federal Reserve Chairman Ben Bernanke will likely remain skeptical about the strength of the economic recovery in testimony on Tuesday, despite recent data pointing to improvement, signaling the central bank is unlikely to cut short its $600 billion stimulus plan.
More than 700 people from different parts of the globe have congregated in Phoenix, Arizona to attend the ongoing 20th Annual International UFO Conference.
Brokerage Jefferies & Co. said losers at the Mobile World Congress (MWC) are HTC, Motorola Mobility Holdings, Nokia, Sierra Wireless, Novatel Wireless, PC original equipment manufacturers (OEM), and Sony Ericsson.
Brokerage Jefferies & Co. said winners at MWC are Blackberry maker Research In Motion (RIM), Samsung, Apple Inc., and Google Inc.'s Android.
Visa and banks will press lawmakers on Thursday for relief from a proposed slashing of debit card processing fees, an issue that has attracted bipartisan support for softening the impact of part of the Dodd-Frank financial law.
RBC Capital Markets said in its highlights before the Mobile World Congress show that smartphone units may accelerate this year from last year’s 60 percent growth as devices do more and simultaneously move down market for the masses.
Chip-maker Qualcomm Inc. (NASDAQ:QCOM) said future Android devices powered by its latest Snapdragon mobile processors will have access to instant streaming of movies and TV shows from Netflix (NASDAQ: NFLX).
Samsung launched its 10.1-inch Galaxy Tab at the Mobile World Congress event in Barcelona, reflecting its move from the 7-inch form factor to tackle the likes of Motorola Xoom and Apple iPad.
Qualcomm said it will showcase some of the latest innovations and ideas that are enabling access, control and interaction with the digital world during the GSMA Mobile World Congress 2011 during Feb. 14 to 17 in Barcelona.
Strengthening cybersecurity is the goal of legislation being introduced in Congress after reports of hack attacks on computer networks at Nasdaq OMX Group and at oil and gas companies.
British cell phone maker INQ Mobile Ltd. has rolled out two new Androids - INQ Cloud Touch and INQ Cloud Q - for social networking.
The Federal Reserve may give U.S. banks insight into whether it will scale back its proposed crackdown on debit card processing fees, when a top official testifies before a congressional panel next week.
Treasury Secretary Timothy Geithner on Wednesday strongly pitched increased bipartisan cooperation among lawmakers as vital for building business and market confidence in the economy's growth.
Toyota vehicles didn't have any electronic flaws that were earlier blamed to have caused sudden acceleration in its vehicles, according to a report from the U.S. Department of Transportation.
Three critics of the Federal Reserve are set to testify before Congress on Wednesday in a hearing chaired by Rep. Ron Paul, R-TX, that will focus on the effect of the Federal Reserve's policies on job creation and the unemployment rate.
