Tensions heat up during Banking Committee hearing

Tensions heat up during Banking Committee hearing

Republicans escalated their push to delay and defund the Dodd-Frank Wall Street reforms on Thursday as top regulators warned the Senate Banking Committee of a staff and funding crunch. The chiefs of major agencies that are writing hundreds of rules mandated by Dodd-Frank told the panel at a hearing that they need more money to […]

Need a free rubber? Go to your smartphone

Need a free rubber? Go to your smartphone

Need a condom? There’s an app for that. The New York City Health Department on Monday unveiled a smartphone application that will help users locate the nearest place in the area giving out free condoms. “We want New York City to be the safest city in the world to have sex,” said Dr. Monica Sweeney, […]

Is the book about to close on Borders?

Is the book about to close on Borders?

Borders Group Inc filed for bankruptcy protection and said it would close about one-third of its bookstores, after years of shriveling sales that made it impossible to manage its crushing debt load. The long-expected Chapter 11 filing will give the second-largest U.S. bookstore chain a chance to try to fix its finances and overhaul its […]

State workers: ‘Hey, don’t blame us’

State workers: ‘Hey, don’t blame us’

When a New Jersey family with an autistic child walks into the state office seeking help, Norlande Perpignan is often the first person they see. A clerk making $41,082 a year at the Division of Developmental Disabilities, Perpignan, 40, is also on the front lines of a national debate about public spending, taxes and a […]

Angry Colin Powell wants answers on Iraq WMD lies

Angry Colin Powell wants answers on Iraq WMD lies

Ex-secretary of state Colin Powell called on the CIA and Pentagon to explain how he was given unreliable information which proved key to the US case for invading Iraq, the Guardian reported Wednesday. Powell’s landmark speech to the United Nations on February 5, 2003, cited intelligence about Iraq leader Saddam Hussein’s bioweapons programme gained from […]

As usual, defense dominates budget debate

As usual, defense dominates budget debate

Republicans pressed ahead on Wednesday with legislation to immediately slice more than $61 billion from domestic spending but found their budget-cutting unity shaken in a House of Representatives vote to kill a big weapons project. After refusing on Tuesday to trim other military spending for this year, the House voted 233-198 to deny immediately $450 […]

White House wants standards for mortgages

White House wants standards for mortgages

The Obama administration favors creating a national standard for mortgage servicers such as Bank of America Corp (BAC.N) and JPMorgan Chase & Co (JPM.N) that have been accused of botching home foreclosure procedures. In unveiling its plan to overhaul the housing finance system, the White House said on Friday it supports reforms to correct problems […]

Can the GOP deliver on promised budget cuts?

Can the GOP deliver on promised budget cuts?

One day after President Barack Obama presented Congress with his $3.7 trillion budget, the focus shifts on Tuesday to Washington’s more immediate spending needs and a controversial spending-cut bill that Republicans hope to pass in the House of Representatives. The House legislation, cobbled together by Republicans after weeks of intraparty fighting, would cut about $61 […]

A gun is your best ticket to the Texas State House

A gun is your best ticket to the Texas State House

Security is newly tightened at the Texas Capitol, but plenty of gun-toting visitors can breeze right through. Concealed handgun license holders walk through a special lane marked “CHL Access” around, and not through, the metal detectors put in place last year after a man fired shots outside the statehouse. Schoolchildren and tourists, meanwhile, have to […]