Nov. 30, 2010 at 2:10 p.m.
Filed under:
Policy,
Politics,
Taxes
By Reuters
President Barack Obama (C) and Vice President Joe Biden (3R) meet with bipartisan Congressional leadership in the President's Private Dining Room at The White House November 30, 2010. (Pete Souza/White House Photo)
President Barack Obama said on Tuesday he still disagreed with Republicans on whether to extend Bush-era tax cuts for the wealthiest Americans, but the two sides agreed to negotiate a deal in the coming days.
Obama said he appointed Treasury Secretary Tim Geithner and budget director Jack Lew to work with congressional Republicans and Democrats to come up with a compromise to prevent broad tax increases from occurring next year.
“We should work to make sure that taxes will not go up by thousands of dollars on hard-working middle-class Americans come January 1, which would be disastrous for those families but also could be crippling for the economy,” Obama told reporters after a meeting with congressional leaders at the White House. Get the full story »
Sep. 16, 2010 at 11:59 a.m.
Filed under:
Policy,
Politics,
Small business
By Associated Press
The Senate has passed a bill to create a $30 billion U.S. government fund to help open lending for credit-starved small businesses, cut their taxes and boost federal loan programs for them. The 61-38 tally rewards President Barack Obama and his Democratic allies in Congress Hill with a long-sought victory and sets the stage for a final vote in the House, which is likely to approve it for Obama’s signature.
Aug. 2, 2010 at 5:22 p.m.
Filed under:
Bank failures,
Banking,
Policy,
Politics
By Associated Press
Republicans accused Democratic Senate candidate Alexi Giannoulias of lending money to a corrupt political insider, although Giannoulias said he left his family’s bank before the loan was issued and the insider wasn’t listed on loan documents.
The Chicago Sun-Times reported Monday that Broadway Bank lent $22.75 million to a development company in 2006. One of the company’s owners was Antoin “Tony” Rezko, who was then tied up in a corruption probe that ultimately led to his conviction for shaking down people who wanted to do business with the state.
July 23, 2010 at 4:53 p.m.
Filed under:
Economy,
Policy,
Politics
By Reuters
The U.S. Senate Banking Committee will vote on the three pending nominees to the Federal Reserve’s Board, according to the committee’s website. Get the full story »
July 19, 2010 at 10:30 a.m.
Filed under:
Jobs/employment,
Policy,
Politics,
Updated
President Obama on Monday called on Republicans to put aside politics and to join with Democrats in approving an extension of jobless benefits. Speaking from the Rose Garden, Obama repeated his recent themes, criticizing the Republicans for refusing to pass the $34 billion extension pending in the Senate.
July 15, 2010 at 5:28 p.m.
Filed under:
Airplanes,
Crime,
Energy,
Government,
Investigations
By Reuters
The Senate Foreign Relations Committee has scheduled a July 29 hearing into last year’s release of a Libyan convicted for the 1988 bombing of an airliner over Lockerbie, Scotland, and related actions by BP.
The committee said Thursday that it will ask officials of BP Plc to testify after the U.K.-based oil giant acknowledged that it had lobbied the British government in 2007 to transfer Libyan intelligence officer Abdel Basset al-Megrahi to Tripoli. The company said it was concerned that his continued imprisonment in Scotland could hurt an offshore oil drilling deal with Libya. Get the full story »
May 20, 2010 at 8:04 p.m.
Filed under:
Chicago executives,
Government,
Markets
Reuters | The U.S. Senate approved a sweeping Wall Street reform bill on Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s.
By a vote of 59 to 39, the Senate handed a victory to President Barack Obama, a champion of tighter rules for banks and capital markets following the 2007-2009 financial crisis that led to a deep recession and massive taxpayer bailouts.
