The credit card companies seem to have few friends on Capitol Hill these days, with even the most business-minded lawmakers siding with consumers in speaking out against steep rate hikes and fees.
The House was expected to pass, possibly as early as Wednesday, a bill that would enact sweeping new restrictions on the industry, including a requirement that customers penalized by higher interest rates because they missed a payment are given a chance to reclaim their lower rate after six months.
The Senate passed the bill Tuesday, 90-5.
US President Barack Obama's plan to close the Guantanamo Bay prison by early 2010 hit a snag as his Democratic Senate allies moved to deny him 80 million dollars he sought for that purpose.
Democrats on Tuesday joined Republicans who have warned for weeks that Obama lacks a plan for dealing with the facility's 240 detainees from 30 countries, and argued against imprisoning, trying or freeing any of them on US soil.
A bill to curb sharp practices in the credit card business was on track for approval by the U.S. Senate as early as Tuesday, with President Barack Obama expected to sign it into law before the end of the month.
Enactment of the legislation would mark the crest of a political backlash rising for years against the card industry amid sudden interest rate increases, hidden fees and aggressive marketing programs that have angered consumers, analysts said.
Not that the Democrats need any help from the sidelines but they ought to give up on the torture issue. It isn't working for them.
The Bush administration is gone. No one on the other side, with the exception of former Vice President Cheney, is speaking up on behalf of brutal interrogation techniques, many of which has since been outlawed.
Look out Aetna, Humana and UnitedHealthcare. Senators are meeting behind closed doors to consider whether the federal government should jump into the health insurance business.
The government already covers medical care for seniors, disabled people, poor families and many children. But coverage in those programs is restricted to people who meet certain qualifications, including age and income.
Casting aside their president's misgivings, Democrats are racing into hearings to criticize newly released Bush administration memos justifying harsh terrorism interrogations.
So far, however, the biggest embarrassment has engulfed a Democrat, House Speaker Nancy Pelosi.
As Pelosi keeps trying to clarify when she initially learned of the interrogation techniques, a Senate Judiciary subcommittee scheduled a hearing Wednesday that was billed as the "first public hearing on torture memos since their release."
Senators have invited officials from Walt Disney resorts and Las Vegas to discuss ways to pump up US tourism amid a painful recession and flu-related travel fears, a lawmaker announced Friday.Read More
Old Media squared off against New Media as a US Senate panel examined the future of journalism in the digital age.
The demise of the newspaper industry took center stage as a Texas newspaper publisher, a former Baltimore Sun reporter, a top executive from Google and the founder of The Huffington Post website traded jabs in a Senate hearing room on Wednesday.
The House of Representatives turned down funding to allow President Barack Obama to close Gitmo, but Sen. Tom Harkin says there may be support in "the other body" to give the President what he wants.
Democrats in the U.S. House of Representatives will seek passage in coming weeks of $94.2 billion in emergency money for the wars in Iraq and Afghanistan and other programs, including $2 billion more to prepare for an influenza pandemic.
House Appropriations Committee Chairman David Obey, outlining the legislation for reporters, also said the legislation would include $2.2 billion to fund some C-17 airplanes for the Pentagon. But it will not address future purchases of a refueling tanker airplane sought by the Air Force.