HOUSE OF REPRESENTATIVES

Foreign Profit Tax Break was Costly Bomb: Report

Clouds pass over Capitol Hill in Washington
Congress should not endorse another big tax break for overseas corporate profits because the last one in 2004-2005 was a costly failure, said U.S. congressional investigators in a report released on Monday.

Hank Williams Jr. Lashes Out at Media in New Song

Hank Williams
Country singer Hank Williams Jr., whose theme song was pulled from Monday Night Football after he compared President Barack Obama to Adolf Hitler, lashed out at the media on Monday with a topical song called Keep the Change.
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Democrat Wins West Virginia Governor's Race

Democrat Earl Ray Tomblin held on for a slim victory in a special election for governor of West Virginia Tuesday, narrowly preventing a third state special election embarrassment for President Barack Obama.
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Deadline for Auto Fuel Economy Proposal to Slip

The Obama administration will push back the release of the most ambitious proposal ever for automakers to improve fuel efficiency of their passenger cars, sport utility vehicles and pickups.
Senate Democrats

Senate Reaches Deal to Avert Government Shutdown

Congress had been at odds over offsets for Federal Emergency Management Agency disaster relief. But FEMA on Monday said that the agency has $114 million for emergency disaster relief, avoiding the need for an infusion of money before the fiscal year ends Friday.
GOP

House Passes Spending Bill as Showdown Looms

Republicans in the House of Representatives regrouped Friday to approve a must-pass spending bill, but the prospect of a government shutdown loomed as Democrats said it would go nowhere in the Senate.
Traders work on the floor of the New York Stock Exchange

Stock Futures Off on Eurozone Concerns

Stock index futures fell on Friday as talk of a Greece default gained pace and a day after markets spiraled downward on deepening worries about global economic stagnation.
Traders work on the floor of the New York Stock Exchange

Stock Futures Rise After Thursday's Sell-off

Stock index futures pointed to a higher open on Wall Street on Friday after steep declines the previous session, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up by between 0.6 and 0.8 percent.

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