Congress averted a partial federal shutdown on Thursday as the Senate voted to pass a three week extension already approved by the House that gives lawmakers time to negotiate a long term deal.
The House of Representatives passed a three-week federal budget extension on Tuesday, sending the bill to the Senate where members must pass it ahead of a March 18 deadline or face the prospect of some federal services stopping until funds are made available.
The House of Representatives may vote on Tuesday on the latest stopgap bill to avert a federal government shutdown, with a three-week budget deal brokered by Republicans and Democrats on the table.
Congress is preparing to pass the first major changes to patent law in more than a half a century, but some experts say it may not make much difference in the spate of technology company lawsuits.
Idaho teachers will create a human chain around the state capitol and hold a rally on Wednesday after the legislature passed a bill that will weaken their union, as similar measures are making progress in various other U.S. states.
Ohio is moving faster than Wisconsin to weaken public unions. Ohio's Senate voted on Wednesday to prohibit public employees from striking and to restrict certain collective bargaining rights, including negotiations on pensions and health care.
Federal Reserve Chairman Ben Bernanke said on Wednesday a Republican spending cut plan would not cause a big dent to U.S. economic growth, but could cost around 200,000 jobs.
The House of Representatives passed a two-week budget extension on Tuesday, averting a shutdown that would have begun on March 4.
Federal Reserve Chairman Ben Bernanke will likely remain skeptical about the strength of the economic recovery in testimony on Tuesday, despite recent data pointing to improvement, signaling the central bank is unlikely to cut short its $600 billion stimulus plan.
The top attorney for the U.S. securities regulator was advised not to recuse himself from handling Bernard Madoff matters for the agency, even though his family's estate had invested with the swindler.
The massive U.S. budget deficit is the gravest threat facing the economy, topping high unemployment and the risk of inflation or deflation, according to a survey of forecasters released on Monday.
Emboldened by the pending repeal of the Don't Ask Don't Tell law, President Barack Obama, and his top legal official, have concluded that in two pending cases, the Administration will not defend a federal law that defines marriage as being the union between one man and one woman.
Nigeria's parliament has begun a detailed debate of the latest version of long-delayed reforms to Africa's biggest energy industry, just two months ahead of elections, the head of the state oil company said on Wednesday.
Obama, with much of his Cabinet in tow, visited Ohio on Tuesday to try to reach out to U.S. entrepreneurs amid complaints from some small business owners that his policies inhibit growth. We're here to hear from you directly. We want your stories, your successes, your failures,
Indiana Democrats are imitating their Wisconsin peers and have reportedly refused to show up for a vote. Members of the state of Indiana's House of Representatives are headed to neighboring Illinois to avoid a vote anti-union legislation, according to a report.
U.S. lawmakers took their first major formal step in the broader Congressional debate about the federal government's fiscal 2011 budget, as the House of Representatives approved what its Speaker John Boehner R-OH called one of the largest spending cuts in American history.
The debate over overhauling the U.S. corporate tax system will have to include whether to cut taxes on profits earned abroad, a Treasury Department official said on Thursday. Michael Mundaca, assistant Treasury secretary for tax policy, a White House point man on revamping the corporate tax code, also said that corporate tax reform could be done before individual tax reform.
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.
Treasury Secretary Timothy Geithner said on Tuesday that the United States needs to cut the corporate tax rate substantially with a goal in the high 20 percent range, down from the current 35 percent. A day after the White House unveiled a budget that seeks to trim the country's massive deficit, Geithner reiterated that the Obama administration
The head of Fannie Mae and his firm's government overseer on Tuesday defended the use of millions of taxpayer dollars to pay legal bills for former executives accused of fraud.
The head of Fannie Mae and his firm's government overseer on Tuesday defended the use of millions of taxpayer dollars to pay legal bills for former executives accused of fraud. Michael Williams, Fannie Mae's chief executive and Edward DeMarco, director of the Federal Housing Finance Agency, each told a U.S. House of Representatives panel that not paying for the legal aid would be counterproductive
The Obama administration nailed a 'condemned' sign on the wrecked U.S. housing finance system on Friday but did not offer a clear blueprint for a rebuilding project that promises to take years.
