CONGRESS

ANC supporters dance during the ANC's centenary celebration in Bloemfontein

Mandela's African National Congress Celebrates 100 Years

In a stadium packed with tens of thousands of dancing revelers, South Africa's ruling party, the African National Congress, celebrated its 100th anniversary Sunday, amid accusations that it has not delivered on its promises since taking power in 1994, namely resolving outstanding issues with poverty and unemployment.

Congress Presses Rating Agencies on MF Global

A woman leaves the office complex where MF Global Holdings Ltd have an office on 52nd Street in midtown Manhattan
Congressional investigators have launched an inquiry into the work of credit rating firms that examined MF Global Holdings Ltd's risky bets on European government bonds and whether they overlooked crucial information in their evaluations.
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US Congress presses rating agencies on MF Global: report

Congressional investigators have stepped up their inquiry into the work of credit rating firms that examined MF Global's overly risky bets on European government bonds and whether they overlooked crucial information in their evaluations, the Wall Street Journal reported, citing people familiar with the matter.
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The U.S. Capitol dome and U.S. Senate in Washington

Government Shutdown Averted, Congress Focuses on Payroll Tax Cut

After Congressional negotiators signed off Thursday night on a $1 trillion omnibus spending bill that would avert a shutdown and fund the federal government through September, lawmakers' focus returned to the ongoing negotiations over the extension of the payroll tax cut.
U.S. Congress

NDAA Bill: How Did Your Congress Member Vote?

The U.S. House of Representatives approved the National Defense Authorization Act (NDAA) on Wednesday evening by a vote of 283 to 136, with 14 members not voting. Find out how your Representative voted on the controversial bill.
U.S. Congress

A New Yorker's Opinion: Pew Poll's Anti-Incumbent, Occupy Wall Street Message

Two-in-three voters say most members of Congress should be voted out of office in 2012--the highest on record. And the number who say their own member should be replaced matches the all-time high recorded in 2010, when fully 58 members of Congress lost reelection bids-- the most in any election since 1948, the Center states in the Poll's overview.
U.S. Congress

A New Yorker's Opinion: Pew Poll's Anti-Incumbent, Occupy Wall Street Message

Two-in-three voters say most members of Congress should be voted out of office in 2012--the highest on record. And the number who say their own member should be replaced matches the all-time high recorded in 2010, when fully 58 members of Congress lost reelection bids-- the most in any election since 1948, the Center states in the Poll's overview.
Undated image taken from a video recording provided by the Pakistan Taliban

Congress Panel Freezes $700M for Pakistan as Distrust Grows

A crisis in U.S.-Pakistan relations looked set to deepen Monday night after a House-Senate negotiating panel froze $700 million in aid until Pakistan gives assurances it is helping fight the spread of improvised explosive devices in the region.
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Congress turns up heat on CFTC, MF Global's Corzine

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.
U.S. Congress

Congress Warns of Bailout for FHA Mortgage Fund

The Federal Housing Administration (FHA)'s mortgage insurance fund is threatened by declining home prices and could require a taxpayer bailout, Congress members said at a hearing on Thursday, echoing an earlier report.
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.

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