A House of Representatives panel has told Bank of America Corp that it cannot use attorney-client privilege to withhold from Congress details on its purchase of Merrill Lynch, The New York Times reported on Monday.
The National Association of REALTORS® is calling upon its 1.2 million members to urge Congress to extend the successful homebuyer tax credit into next year.
There is little support in Congress for sending more U.S. troops to Afghanistan, the top Democrat in the House of Representatives said on Thursday, indicating possible trouble ahead for President Barack Obama.
Senate negotiators made a last stab at a bipartisan healthcare compromise as the U.S. Congress returned to work Tuesday, with House of Representatives Speaker Nancy Pelosi calling a government-run insurance option essential to the bill.
Bernard Madoff's whistle-blower and the U.S. Securities and Exchange Commission's top enforcer will testify before Congress this week on how the SEC failed to uncover Madoff's $65 billion fraud, a congressional panel said on Monday.
The Obama administration's ambitious plan to overhaul U.S. financial regulation was bogged down in Congress as it returned from a long recess on Tuesday.
An investigative panel in the U.S. Congress will hold hearings on the failure of the U.S. Securities and Exchange Commission to follow clues that could have uncovered Bernard Madoff's $65 billion Ponzi scheme.
President Barack Obama will seek to boost flagging support for healthcare reform next week with a rare speech to Congress after a rocky summer raised questions both about his leadership and legislative program.
U.S. Treasury Secretary Timothy Geithner formally requested that Congress raise the $12.1 trillion statutory debt limit on Friday, saying that it could be breached as early as mid-October.
The fate of U.S. climate control legislation is in the hands of the Senate, where it faces an uphill climb. Democratic leaders hope to put it to a vote in October.
The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.
The U.S. Congress moved to triple the funding for the government's successful Cash for Clunkers auto rebate program, which has brought car buyers back into showrooms and raised the outlook for an industry beset by abysmal sales, bankruptcies and job cuts.
The U.S. Congress moved to triple the funding for the government's successful Cash for Clunkers auto rebate program, which has brought car buyers back into showrooms and raised the outlook for an industry beset by abysmal sales, bankruptcies and job cuts.
The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.
Eye-popping Wall Street bonuses could be banned by the U.S. government if pay packages are deemed to encourage inappropriate risks, under a bill approved on Friday by the U.S. House of Representatives.
Members of the U.S. House of Representatives on Friday assailed federal agencies for delays in starting capital works projects under the economic stimulus plan, saying they were lessening the impact of the $875 billion program intended to revive the economy.
Lawmakers on both sides of the Capitol pushed for a healthcare reform deal on Tuesday, with Senate Democrats near agreement with three Republicans on a plan unlikely to include a government-run insurance option backed by President Barack Obama.
The Honduran Congress on Monday avoided a vote on whether ousted President Manuel Zelaya can return to power after a coup last month, saying it was a matter for the Supreme Court to decide.
With the smell of fat bonus checks again wafting down Wall Street, the Obama administration and Democrats in Congress on Thursday moved closer to a clampdown on U.S. corporate executive pay.
Congress has picked up the pace of its work on an overhaul of the $2.5 trillion healthcare industry as it tries to pass legislation in each chamber before the August congressional recess.
Saying it was time to get this done, President Barack Obama pressed on Wednesday for swift congressional action on healthcare after a Senate panel approved a bill to overhaul the $2.5 trillion industry.
The Federal Reserve on Thursday launched a robust defense of its independence and warned that efforts in Congress to put monetary policy under political sway would hurt the economy.
