A bill restricting credit card practices and sudden hikes in interest rates and late fees that have left millions of consumers swamped in debt was passed by the House on Thursday.
A debate over how to investigate Bush-era officials who authorized harsh interrogation tactics of terrorism suspects split Washington on Thursday, and Democrats squabbled over how to proceed.
White House speaker Nancy Pelosi said Tuesday she was committed to pass climate change legislation this year.
Barack Obama's presidency has been a wild ride for the U.S. Congress and lawmakers are bracing for more turbulence when they begin returning on Monday to tackle an array of tough issues from healthcare to energy.
House of Representatives Speaker Nancy Pelosi wants to create a special panel to investigate the causes of the Wall Street meltdown that helped put the country into a severe economic recession, a spokesman said on Thursday.
Congressional Democrats moved on Wednesday to slim down President Barack Obama's 2010 budget request amid bipartisan worries that the his plan could make the U.S. deficit balloon with new federal spending.
Citigroup’s chief executive tried to reassure employees about compensation a day after House legislators passed a bill to claw back bonuses for employees earning more than $250,000 at companies which received more than $5 billion in bailout funds.
The Obama administration turned up the heat on AIG on Tuesday over its employee bonuses, saying the embattled insurer will be forced to repay U.S. taxpayers before it gets another bailout of $30 billion.
House Speaker Nancy Pelosi said on Monday that she supported a higher ethanol-to-gasoline blend rate as a way to reduce reliance on petroleum imports.
President Barack Obama forecast the biggest U.S. deficit since World War Two in a budget on Thursday that urges a costly overhaul of the healthcare system and would spend billions to arrest the economy's freefall.
TOKYO - Japan sank deeper into recession with its worst quarterly contraction since the oil crisis in the 1970s, its reliance on exports and soft domestic demand dragging down the world's second-largest economy.
Hillary Clinton, in Tokyo on her first trip abroad as U.S. secretary of state, said Asia and the United States must fight the global crisis together.
The U.S.-Japanese relationship was...
ROME - U.S. House Speaker Nancy Pelosi defended the United States against accusations of protectionism during a trip to Italy on Monday, following concerns about a Buy American provision in the U.S. stimulus plan.
Somewhere in the mix of things, someone has decided that America has become, is becoming, more protectionist. I don't think that is the case, Pelosi told reporters at the Ital...
Spurred on by President Barack Obama, US lawmakers on Thursday prepared for final votes by week's end on an unprecedented 789-billion-dollar plan to help Americans through a painful economic crisis.
U.S. efforts to take action on slowing business activity, joblessness and reduced credit grew on Wednesday as U.S. lawmakers moved to pump tax dollars into the economy, reduce taxes going forward and grilled top U.S. bank executives amid widespread concern.
House Democrats want less tax cuts than what president-elect Obama proposed last week, according an $850 million economic stimulus plan unveiled today.
President-elect Barack Obama has promised Washington lawmakers long-term fiscal discipline despite a push for a costly economic stimulus plan.
President-elect Barack Obama's transition team is putting the finishing touches on an economic recovery plan that could run from $675 billion to $775 billion.
President George Bush called on Congress Monday to pass a controversial free trade agreement with Colombia, declaring the need is urgent for US national security. The pact will give Congress a 90-day deadline to vote on the new legislation.
The United States expects to have about 140,000 troops in Iraq even after completing a planned drawdown of combat forces in July, the Pentagon said on Monday.
President George W. Bush intends to veto defense authorization legislation over a provision that would imperil Iraqi assets held in the United States, the White House said on Friday.
U.S. President George W. Bush on Thursday stepped up pressure on lawmakers to pass his Iraq war funding request, while a senior Democrat said a deal might be possible.
President George W. Bush on Tuesday vetoed a measure to fund education, job training and health programs, marking the sixth veto of his presidency and the latest salvo in a fight with congressional Democrats over domestic spending.
