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White House aide sees tax deal succeeding in Congress

WASHINGTON (Reuters) – The White House believes President Barack Obama’s tax deal with Republicans will succeed in Congress, despite criticism from Democrats who oppose extending tax cuts for wealthier Americans,…

Expect at least three more years of housing problems

Expect at least three more years of housing problems

The housing market will remain depressed, with record high foreclosure levels, rising mortgage rates and a glut of distressed properties dampening the market for years to come, industry experts predicted…

House Democrats unveil bill to fund government

WASHINGTON (Reuters) – House Democrats would spend $46 billion less than President Barack Obama requested to fund the federal government through September 30, 2011, under a bill unveiled on Wednesday.…

New Mexico Governor Richardson will travel to North Korea

WASHINGTON (Reuters) – New Mexico Governor Bill Richardson will travel to North Korea next week to meet with government officials, a senior U.S. official said on Tuesday. Read more…

Bachus picked to chair financial panel: source

WASHINGTON (Reuters) – Representative Spencer Bachus of Alabama was picked on Tuesday to chair the House Financial Services Committee next year when Republicans take control of the chamber from President…

Conditions needed on Comcast-NBCU deal: Rep. Waxman

WASHINGTON (Reuters) – Cable subscribers face higher costs, degraded service and fewer choices if U.S. regulators do not impose conditions on Comcast Corp’s bid to take control of NBC Universal,…

Upton backed for House energy panel chair

WASHINGTON (Reuters) – Representative Fred Upton was chosen by a Republican organizing panel on Tuesday to become the next chairman of the House of Representatives’ Energy and Commerce Committee, considered…

Senator says U.S. hasn’t always led by example on graft

WASHINGTON (Reuters) – A U.S. senator acknowledged on Tuesday that the United States had not always led by example in fighting corruption in recent years but said that tackling graft…

Bachus picked to chair financial panel: source

WASHINGTON (Reuters) – Representative Spencer Bachus of Alabama was picked on Tuesday to chair the House Financial Services Committee next year when Republicans take control of the chamber from President…

Rogers picked for House Appropriations panel

WASHINGTON (Reuters) – A Republican panel on Tuesday selected veteran Hal Rogers to chair the U.S. House of Representatives Appropriations Committee next year and take a lead role in efforts…