U.S. Government

  • 2015-05-13 10:35


    --House Speaker Calls Senate Vote 'Little Bump In the Road'
    --Rep.

  • 2015-05-13 10:16


    --Senate GOP Leader Blames Dems For 'Appeasing Far Left'
    --Senate Dem Leader: Dems Focused On Middle Class

    WASHINGTON (MNI) - Senate Majority Leader Mitch McConnell and Senate Minority Leader Harry Reid exchanged blame Wednesday for the impasse on legislation renewing Trade Promotion Authority, with McConnell blasting Democrats for trying to "appease the far left" and Reid insisting that his party is only concerned about the middle class.

    In remarks on the Senate floor opening the Senate's business for the day, McConnell and Reid gave no indication that they will back down from their positions but both seemed open to find a way forward on TPA and several other trade bills.

    The Senate voted Tuesday 52 to 45 to formally take up the TPA bill, well short of the

  • 2015-05-12 15:30


    --Cannot Support Bill That Weakens Important Protections

    WASHINGTON (MNI) - The Obama administration Tuesday slammed a legislative proposal from a leading Republican lawmaker that its says does away with key aspects of financial regulatory reform by removing important protections put in place by the 2010 Dodd-Frank law.

    Senate Banking Committee Chairman Richard Shelby Tuesday released the discussion draft for a bill intended to provide relief from regulations that the banking sector has decried as being overly burdensome.

  • 2015-05-12 15:27


    --Senate Democrats Block Motion to Begin TPA Debate
    --Sen. McConnell: TPA Failure 'Pretty Shocking;' Vows to Keep Working on Bill

    WASHINGTON (MNI) - Senate Democrats voted Tuesday to block a motion to begin debate on legislation renewing Trade Promotion Authority, but Senate Majority Leader Mitch McConnell vowed he will continue to try to find a way to pass the bill.

    The Senate voted 52 to 45 to formally take up the TPA bill, short of the 60 votes needed. All Democrats except one voted against beginning debate on the bill.

    In remarks after the vote, McConnell called the Senate vote "pretty shocking" and blamed many Democrats for "railing against the future" as it pertains to trade.

  • 2015-05-12 13:02


    --Finance Committee Chair Warns Democrats to Stop 'Playing Games'
    --Currency Provisions Would Derail TPA

    WASHINGTON (MNI) - Fresh off of a stern speech on the the Senate floor, Finance Committee Chair Orrin Hatch told reporters Tuesday that failure of the Senate to vote this afternoon to begin debate on legislation renewing Trade Promotion Authority would imperil the bill and the entire trade agenda, and warned that attaching currency provisions would derail the bill.

    In comments to reporters near the Senate subway, Hatch warned Democrats to stop "playing these games" on a motion to begin the TPA debate.

    The Senate will vote at 2:30 p.m. ET on a motion to begin debating the TPA bill, and will need 60 votes to begin formal consideration of the bill.

  • 2015-05-12 12:39


    --Senate Finance Panel Chief Warns Dems Not To Block TPA
    --Sen Hatch: Currency Provisions Should Not Be Part of TPA
    --Dem Sen Durbin: 'Trade Is A Controversial Issue' In US

    WASHINGTON (MNI) - Senate Finance Committee Chairman Orrin Hatch Tuesday sternly warned Democrats not to block a motion later in the day to begin debate on legislation renewing Trade Promotion Authority.

    In a sharply worded speech on the Senate floor, Hatch said he is "basically shocked" that a number of Democrats will try to block a motion to begin the trade debate.

    He said he's "concerned" about "an agreement being broken" on how to deal with pending trade issues.

    The Senate will vote at 2:30 p.m. ET on a motion to begin debating the TPA bill.

  • 2015-05-12 12:15


    --Won't Hesitate to Inflict Losses in Event of Large Bank Liquidation

    WASHINGTON (MNI) - The Chairman of a U.S. bank regulatory agency Tuesday touted the new tools regulators are developing, and will be armed with, to prevent the next financial crisis - and warned that they will not hesitate to inflict losses on shareholders and unsecured creditors if a failing large financial institution had to be wound down.

    In what is perhaps his most comprehensive assessment to date of the new regulatory landscape following the 2008 financial crisis, Federal Deposit Insurance Corp.

  • 2015-05-12 10:47


    --Senate To Hold First TPA Procedural Vote At 2:30 PM
    --Senate GOP Leader: Vote Is To Begin Broad Trade Debate
    --Sen. Reid: Should Combine 4 Trade Bills Into One Package

    WASHINGTON (MNI) - Senate Majority Leader Mitch McConnell and Senate Minority Leader Harry Reid continued Tuesday to battle over the coming Senate procedural vote on legislation renewing Trade Promotion Authority.

    McConnell insisted the Tuesday afternoon vote is a process vote to begin a vigorous debate on trade policy, while Reid said he is "not sure" what McConnell's ultimate objectives are.

    The Senate will vote at 2:30 p.m. ET on a motion to begin debating the TPA bill.

    Sixty votes will be needed to begin formal consideration of the bill.

  • 2015-05-11 15:32


    --Senate GOP Leader: Time To Begin TPA Debate
    --Sen. McConnell: Senate To Take Up 'Strong and Fair' TPA
    --Sen.

  • 2015-05-11 13:41


    --Senate Poised To Formally Launch Trade Debate This Week
    --Senate TPA Debate Expected To Extend Into June
    --House Financial Services To Continue Dodd-Frank Probe

    WASHINGTON (MNI) - The Senate will begin debating legislation this week to renew the Trade Promotion Authority, with the first procedural vote set for Tuesday.

    The Senate will vote Tuesday at 2:30 p.m. ET on a motion to formally take up the TPA bill.

    Senate Majority Leader Mitch McConnell and Senate Finance Committee Chairman Orrin Hatch are expected to be the most visible Senate proponents of the bill as well as Sen.