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Financial reform passes House but Senate delays action

Financial reform passes House but Senate delays action

The U.S. House of Representatives on Wednesday approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama.…

McChrystal will get full four-star pension

McChrystal will get full four-star pension

President Barack Obama will guarantee former Afghanistan commander General Stanley McChrystal  a four-star pension  despite firing him last week over comments disparaging civilian leaders. McChrystal was sacked about a year…

Financial reform runs into snag

Financial reform runs into snag

President Barack Obama’s efforts to win final approval of a historic financial regulatory reform bill looked more complicated on Saturday after a Republican senator threatened to oppose it. “I was…

House-Senate panel approves Wall Street reform bill

House-Senate panel approves Wall Street reform bill

A Senate-House of Representatives conference panel approved a landmark bill on Friday to overhaul financial regulations, working through the night on the thorniest provisions. The legislation next heads to the…

Oil spill drenches Obama’s approval rating

Oil spill drenches Obama’s approval rating

The Gulf of Mexico oil spill piled pressure on Barack Obama on Thursday as the hurricane season closed in and voters angry at his crisis management hammered the president in…

General faces come-to-Jesus meeting with angry Obama

General faces come-to-Jesus meeting with angry Obama

Forget No-drama Obama. An infuriated U.S. president is hauling his top general in Afghanistan to the White House, job hanging in the balance, to explain “what in the world he…

Obama tries to refocus on jobs, economy

Obama tries to refocus on jobs, economy

President Barack Obama launched a push on Friday ahead of congressional elections to refocus on economic recovery efforts that have been overshadowed by the BP Plc oil spill in the…

Obama’s tax, jobs bill strikes out in Senate

Obama’s tax, jobs bill strikes out in Senate

A Democratic bill to extend jobless benefits and raise taxes on investment fund managers failed a key vote in the Senate on Thursday, dealing a blow to President Barack Obama’s…

Obama’s push on energy bill falls on deaf Capitol Hill ears

Obama’s push on energy bill falls on deaf Capitol Hill ears

President Barack Obama’s muted call for comprehensive energy legislation failed to sway a hesitant Congress on Wednesday, with hopes for approval before November elections fading fast. In his first national…

BP execs face grilling on Capitol Hill

BP execs face grilling on Capitol Hill

BP Plc’s U.S. chief faces accusations in Congress on Tuesday that the energy giant caused the worst oil spill in U.S. history with a calculated strategy to cut costs, hours…