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House takes key steps toward ‘fast-track’ vote Friday

WASHINGTON President Barack Obama’s quest for “fast-track” negotiating authority on a Pacific Rim trade deal passed its initial tests in the House of Representatives on Thursday ahead of a final vote on Friday on contentious trade measures. By a vote of 397-32... More »

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McCain rejects Pentagon push for more Russian rocket engines

WASHINGTON U.S. Senate Armed Services Committee Chairman John McCain on Wednesday rejected a request by U.S. officials for changes in federal law to let the two largest U.S. arms makers use more Russian rocket engines to compete for military satellite launches... More »

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Senate Banking bill proposes several changes for Fed: source

WASHINGTON The regulation relief bill drafted by the U.S. Senate Banking Committee Chairman includes changes to the Federal Reserve system and an easing of mortgage rules for the financial industry, according to a person familiar with the draft. The bill also ... More »

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Senator Warren hits back at Obama in Pacific Rim trade fight

WASHINGTON U.S. Senator Elizabeth Warren hit back at President Barack Obama in their tussle over “fast-track” authorization to negotiate a Pacific Rim trade treaty, a power she says could be used in the future to weaken Wall Street reforms. The president, who ... More »

U.S. appeals court throws out FCC order on programing contracts

WASHINGTON A U.S. appeals court on Friday threw out a federal agency’s order that media companies should disclose their programing contracts with pay-TV providers as part of regulators’ review of pending cable and telecom mergers. The U.S. Court of Appeals for... More »