CONGRESS

Debit card fee fight returns to Congress

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Visa and banks will press lawmakers on Thursday for relief from a proposed slashing of debit card processing fees, an issue that has attracted bipartisan support for softening the impact of part of the Dodd-Frank financial law.

Mobile Phones Wrapped in Serrano Ham

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RBC Capital Markets said in its highlights before the Mobile World Congress show that smartphone units may accelerate this year from last year’s 60 percent growth as devices do more and simultaneously move down market for the masses.
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Fed to face Congress on debit fee crackdown

The Federal Reserve may give U.S. banks insight into whether it will scale back its proposed crackdown on debit card processing fees, when a top official testifies before a congressional panel next week.
Ron Paul

Critics set to blast Fed on Paul's monetary policy panel

Three critics of the Federal Reserve are set to testify before Congress on Wednesday in a hearing chaired by Rep. Ron Paul, R-TX, that will focus on the effect of the Federal Reserve's policies on job creation and the unemployment rate.

China's Hu rapped by Congress, assures U.S. in speech

Chinese President Hu Jintao got an earful of U.S. lawmakers criticism on North Korea and human rights on Thursday, but tried to assure the United States that China's military and trade policies were not a threat.
A vendor arranges vegetables at a market in Lucknow in this May 6, 2010 file photo.

Govt ducks big decisions on food inflation

The embattled Congress-led coalition government failed to announce major policy decisions on Thursday to tackle soaring food prices after days of wrangling, taking only minor measures seen as unlikely to make a major impact.

Auto bailout under Bush due to lax Congress: Issa

The 2008 and 2009 bailout of the U.S. auto industry would not have taken place if Congress had been more specific in how then President George W. Bush could spend the money it gave him, a lawmaker tasked with government oversight said on Sunday.
The U.S. Capitol Dome is lit after the first significant snowfall of the season as the House of Representatives worked late into the evening to pass the $858 billion package of renewed tax cuts and more unemployment benefits in Washington, December 16, 20

Congress sends tax deal to Obama

Congress passed a compromise deal late Thursday to keep alive Bush era tax cuts for all Americans and continue to provide unemployment benefits for millions of workers, with President Barack Obama set to sign the bill into law.
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Congress passes Obama tax deal

The U.S. Congress gave final approval late on Thursday to the deal President Barack Obama and Republicans made to extend expiring tax cuts -- a high-stakes gamble to create jobs at a cost of deepening the U.S. debt.
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Congress close to approving Obama's tax cut bill

Congress was set to approve President Barack Obama's massive tax-cut bill on Thursday that is expected to boost the economy but pile onto a federal debt that some fear is nearing dangerous levels.
Founder of the Feal Good Foundation John Feal (center) speaks as Rep. Jerrold Nadler D-NY (left) and Rep. Carolyn Maloney (right, background) look on.

First responders call on Congress to act

Declaring, “This game is not yet over!” Rep. Carolyn Maloney, D-NY, was joined by her Congressional colleague, Rep. Jerrold Nadler, D-NY, a few dozen first responders and about 50 supporters today in Lower Manhattan to demand that Congress pass the health and compensation act for the people who got sick working at Ground Zero in the aftermath of the 9/11 terrorist attacks.

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