CONGRESS

Congress turns up heat on CFTC, MF Global's Corzine

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Lawmakers examining the collapse of MF Global skewered the top U.S. futures regulator for sitting out his agency's probe of the bankrupt brokerage, whose former chief executive, Jon Corzine, is due to face his own drubbing later this week.
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Is Pizza a Vegetable?

U.S. House Says Pizza is a Vegetable

The U.S. House of Representatives has passed a bill that looks to reinstate pizzas and French fries on lunch menus of federally funded schools. This follows an earlier proposal that threatened to remove the food items from the menu.
Barack Obama

Businesses Fret as Congress Dallies on Tax Cut

Bonus season could come early this year for employees who are paid on commissions, payroll servicers said on Tuesday, if Congress fails to extend the Obama administration's payroll tax cuts beyond 2011.
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MF Global to get new oversight as Congress probes

Jon Corzine, who has been publicly silent since resigning as MF Global Holdings Ltd's chief executive on November 4, was asked to appear before Congress next month to explain how his futures brokerage collapsed into bankruptcy so fast.
The U.S. Capitol dome and U.S. Senate in Washington

U.S. Congress Raises FHA Mortgage Limits

The U.S. House and Senate voted to increase the threshold of mortgages backed by the Federal Housing Adminstration (FHA) to $729,750, a move that would give more homeowners access to lower interest rates.
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Congress Protects Pizza as a Vegetable

The House of Representatives dealt a blow to childhood obesity warriors on Thursday by passing a bill that abandons proposals that threatened to end the reign of pizza and French fries on federally funded school lunch menus.
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Congress Passes Spending Bill Without Drama

Congress on Thursday found a rare moment of accord in the budget fights that have paralyzed Washington this year as lawmakers voted to extend government funding through December.
Petrol

Will the Government Rollback Petrol Price Hike?

Following uproar from all quarters for hiking the price of petrol by 2.7 percent amidst inflated economy, sources from the ruling Congress party said that there is possibility of partially roll back in the hike.
Canadian pop singer Justin Bieber performs during his ''My World Tour'' concert in Caracas

Would Justin Bieber Have Gone to Jail Under Anti-Piracy Bill S 978?

A proposed federal law has sparked fears that people like Justin Bieber, who got his start performing cover songs on YouTube could end up in jail. The Commercial Felony Streaming Act would make unauthorized Web streaming of copyrighted content a felony punishable by up to five years.
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New housing plan expected soon: Congress aide

The Obama administration and the regulator for Fannie Mae and Freddie Mac are expected to unveil new steps to help distressed homeowners in the next week or two, a senior congressional aide said on Thursday.
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Fed to offer plans on housing to Congress: senator

The Federal Reserve plans on sending Congress legislative recommendations on how to help the housing market recover, Senator Dianne Feinstein said on Thursday after a meeting with Fed Chairman Ben Bernanke.
U.S. Republican presidential nominee Senator John McCain is joined by "Joe the Plumber" at a campaign stop in Mentor

'Joe the Plumber' to Run for Congress

Joe the Plumber, who gained a bit of notoriety during the 2008 presidential campaign, has filed papers to run for Congress in Ohio, Politico reported.

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