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The U.S. Capitol Dome is lit after the first significant snowfall of the season as the House of Representatives worked late into the evening to pass the $858 billion package of renewed tax cuts and more unemployment benefits in Washington, December 16, 20

Congress sends tax deal to Obama

Congress passed a compromise deal late Thursday to keep alive Bush era tax cuts for all Americans and continue to provide unemployment benefits for millions of workers, with President Barack Obama set to sign the bill into law.
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Congress passes Obama tax deal

The U.S. Congress gave final approval late on Thursday to the deal President Barack Obama and Republicans made to extend expiring tax cuts -- a high-stakes gamble to create jobs at a cost of deepening the U.S. debt.
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Congress close to approving Obama's tax cut bill

Congress was set to approve President Barack Obama's massive tax-cut bill on Thursday that is expected to boost the economy but pile onto a federal debt that some fear is nearing dangerous levels.
Founder of the Feal Good Foundation John Feal (center) speaks as Rep. Jerrold Nadler D-NY (left) and Rep. Carolyn Maloney (right, background) look on.

First responders call on Congress to act

Declaring, “This game is not yet over!” Rep. Carolyn Maloney, D-NY, was joined by her Congressional colleague, Rep. Jerrold Nadler, D-NY, a few dozen first responders and about 50 supporters today in Lower Manhattan to demand that Congress pass the health and compensation act for the people who got sick working at Ground Zero in the aftermath of the 9/11 terrorist attacks.
Nitish Kumar on the victory trail in Bihar elections

Development mantra hogs limelight in India's Bihar

Bihar, India’s third most populous state voted Janata Dal (United)’s-Bharatiya Janata Party combine to power with a thumping majority to give Nitish Kumar a second term as chief minister of the state, giving a drubbing to the rival combine of Lalu Prasad and Ram Vilas Paswan, decimating the Congress.
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J&J to Congress: Motrin buyback was legal, FDA knew

U.S. health regulators knew that Johnson & Johnson's McNeil unit was using a contractor to buy back potentially faulty batches of Motrin, although there was no formal agreement with the government, lawyers for the company told lawmakers.
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Wall Street reform clears Congress

The Congress on Thursday approved the broadest overhaul of financial rules since the Great Depression and sent it to President Barack Obama to sign into law.
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Wall Street bill nears the finish line in Congress

The broadest overhaul of U.S. financial rules since the Great Depression is likely to clear a crucial hurdle in Congress on Thursday morning, paving the way for President Barack Obama to sign the measure into law.
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US gives China pass on currency, Congress unhappy

The Obama administration declined to label China a currency manipulator in a long-delayed report on Thursday, spurring fresh calls from U.S. lawmakers for tough new steps to pressure Beijing. Some lawmakers claim China's yuan is misaligned in value, distorting trade and stealing U.S. jobs. A key senator pledged to press ahead with a bill threatening China with tariffs on some of its products unless there is significant movement upward in the yuan.
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Congress nears deal on bank trading crackdown

Banks looked increasingly likely to face some limits on swap trading as a proposal to rein in risky business practices gained traction among lawmakers negotiating a landmark Wall Street reform bill.

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