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Senate bill threatens stiff penalties on China

Members of Congress on Tuesday threatened Beijing with duties on some of its exports if it fails to revalue its currency, pressuring the Obama administration to label China a currency manipulator.

FBI in Mexico to investigate killings of 3 linked to U.S. consulate

Officials of the FBI, DEA and three other agencies were sent to investigate the slayings of two Americans and a Mexican linked to the U.S. Consulate in Ciudad Juarez, Mexico over the weekend.

Russia sees U.S. nuclear arms deal soon: agencies

A nuclear arms reduction pact between Russia and the United States could be ready for signing by late March or early April, Russian news agencies quoted Foreign Minister Sergei Lavrov as saying on Tuesday.

EU hedge fund row ends in stalemate

European Union finance chiefs failed on Tuesday to resolve a row over new rules to control hedge funds, a spokeswoman for the EU's Spanish presidency said.

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U.S. lawmakers press for action on China currency

President Barack Obama faced growing congressional pressure on Monday to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off accusations that Beijing was undervaluing its currency for an unfair trade advantage.

Obama: I'm here for Natoma Canfield

President Barack Obama was in Ohio on Monday to urge Congress to pass health care reform as he brought to the spotlight the case of Natoma Canfield, an Ohio woman who dropped her insurance coverage and a few months later was diagnosed with leukemia.

U.S. warns spring break travelers about violence in Mexico

The U.S. Department of State is urgently advising travelers to take precautions when visiting Mexico during the spring break amid increased drug-related violence in the nation.

Dodd boosts Fed in new financial reforms

The Federal Reserve would gain new powers over non-bank financial firms and keep much of its authority over banks under a new bill on financial regulatory reform unveiled on Monday by the chairman of the Senate Banking Committee, Christopher Dodd.

House Democrat says still short on health votes

(Reuters) - White House officials on Sunday confidently predicted quick final passage of healthcare reform but a top Democratic vote-counter said the party still needs to line up more support in the House of Representatives.

Netanyahu defies U.S. over Jerusalem settlement

Prime Minister Benjamin Netanyahu rejected on Monday any curbs on Jewish settlement in and around Jerusalem, defying Washington in Israel's deepening crisis with U.S. President Barack Obama's administration.

Obama kicks off what may be final healthcare push

President Barack Obama on Monday delivered an emotional closing argument for his healthcare plan, kicking off a week he hopes will end with a conclusive vote in Congress after a year of debate.

Talks start in Australia on Pacific trade deal

Officials from eight nations including the United States began talks on a transpacific trade deal on Monday in a move Australia said could add momentum to stalled World Trade Organization talks.

Fed gets new oversight powers under Dodd bill

The Federal Reserve would win sweeping new powers over nonbank financial firms and keep much of its authority over banks, under revised legislation to be unveiled on Monday by the chief architect of financial reform in the Senate.

China's Wen gives no ground on calls for yuan rise

Chinese Premier Wen Jiabao said on Sunday that external calls for yuan appreciation were unhelpful and even a form of trade protectionism, vowing that Beijing would stick to its own course for currency reform.

China's Wen says external pressure on yuan not helpful

Chinese Premier Wen Jiabao said on Sunday that external calls for yuan appreciation were unhelpful, vowing that Beijing would stick to its own course for currency reform while also warning of global economic risks.

Explosions across Afghanistan's Kandahar; 30 dead

Taliban suicide bombers struck across Afghanistan's southern city of Kandahar on Saturday, killing 30 people and wounding scores in a series of strikes the militants called a message to NATO.

Republicans say door open on financial reform

A bipartisan financial regulation reform bill could still be worked out in the Senate, despite a breakdown in negotiations, key Republicans said in a letter obtained by Reuters on Saturday.

Insulted by Israel, U.S. scrambles to save talks

Israel's relationship with the United States, a defining feature of the troubled Middle East, was under severe strain as diplomats scrambled on Saturday to save newborn U.S.-brokered peace talks with the Palestinians.

Sen. Schumer says plans China currency bill

Senator Charles Schumer said on Friday he plans to move forward soon on legislation aimed at stopping China from manipulating its currency.

Obama delays trip for final healthcare push

President Barack Obama on Friday delayed an overseas trip to focus on the final drive for healthcare reform as the House of Representatives prepared to vote on the sweeping overhaul next week.

Yellen leads picks for Fed seat

San Francisco Federal Reserve Bank President Janet Yellen, a monetary policy dove, tops President Barack Obama's list to be No. 2 at U.S. central bank, the White House said on Friday.

Corrected: Yellen leads picks for Fed seat

Yellen called leading contender for Fed vice chair

San Francisco Federal Reserve Bank President Janet Yellen is a leading contender to be nominated by President Barack Obama as vice chair of the central bank, a senior administration official said on Friday.

Cheap cigars, politics and the Volcker Rule

In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear.

Democrats move closer to healthcare deal

(Reuters) - Congressional Democrats drew closer on Thursday to agreement on a broad healthcare overhaul that could clear the way for a final vote in the next few weeks, but vowed not to be bound by White House deadlines.

Q+A: Make-or-break months for Afghanistan war

An upcoming U.S.-led military campaign to regain control of the Taliban heartland of Kandahar will be a decisive phase in the Afghan war, Defense Secretary Robert Gates told frontline troops this week.