News

House votes to censure Rangel on ethics charges

WASHINGTON (Reuters) – The House of Representatives censured veteran Democrat Charles Rangel for ethics violations on Thursday, forcing the former chief tax writer to face a humiliating public rebuke before his colleagues. Read more

Deficit-cutting plan stumbles in uphill climb

WASHINGTON (Reuters) – A bold plan to slash the U.S. budget deficit appeared on Thursday to be falling short of the support needed from members of a presidential commission to trigger congressional action. Read more

China’s U.N. influence rising, West should be careful: institute

SYDNEY (Reuters) – China’s engagement with the United Nations is on the rise as its economic power grows, but the West should be cautious with calls for it to act as a responsible world leader, as Beijing’s goals may not be the same as the West’s, said a new report on Friday. Read more

Lawmakers meet Fed’s Hoenig, discuss mandate

WASHINGTON (Reuters) – Republican lawmakers on Thursday met with a senior Federal Reserve official who opposes the central bank’s easy money policies to discuss stripping the Fed of its task of ensuring full employment. Read more

House sends $4.5 billion school-lunch bill to Obama

WASHINGTON (Reuters) – The House of Representatives passed on Thursday and sent to President Barack Obama a bill that boosts funding for the school lunch program by $4.5 billion through 2020 and bans “junk” food from school buildings. Read more