By Susan Crabtree | 09/11/14 02:16 PM
Time is of the essence, White House spokesman Josh Earnest said, because Saudi Arabia has agreed to host a training operation for vetted members of the Syrian opposition, and U.S. officials want to take them up on the offer as quickly as possible.
09/10/14 05:01 PM
DETROIT (AP) — One of Detroit's fiercest opponents in bankruptcy once compared the city's fix-it plan to an automobile "lemon" fit for the "scrapyard." Now that same creditor, bond insurer Syncora, is making peace with Detroit in the largest bankruptcy in U.S. history under a deal that could...
09/10/14 11:00 AM
DETROIT (AP) — In a story Sept. 9 about a tentative agreement reached between Detroit and major creditor Syncora in its bankruptcy trial, The Associated Press reported erroneously that Steven Schlein is a spokesman for Syncora. Schlein does public relations for Kirkland & Ellis, a law firm...
By Timothy P. Carney | 09/10/14 07:53 AM
It is hard to justify government involvement in foreign purchases from Boeing when private sources of financing have never been more plentiful.
By Susan Ferrechio | 09/09/14 09:41 PM
The bill, which funds the government through Dec. 11, caps annual spending at the 2014 $1.012 trillion level and it includes a provision to extend the Export-Import Bank until 2015.
09/09/14 07:32 PM
WASHINGTON (AP) — Republicans controlling the House unveiled a short-term spending bill Tuesday that would keep the government open into mid-December and provide $88 million to battle the Ebola outbreak. The spending measure will also extend the authority of the Export-Import Bank to continue...
By Brian Hughes | 09/09/14 02:11 PM
"This is not a controversial position," said White House press secretary Josh Earnest, noting that President Ronald Reagan signed an extension for the Export-Import Bank. "This is a position that is espoused by the Chamber of Commerce."
By Joseph Lawler | 09/09/14 12:18 PM
Federal regulators expect to finish writing this year a long-overdue mortgage regulation that was one of the most important provisions of the 2010 Dodd-Frank financial reform law.
By Susan Ferrechio | 09/08/14 05:57 PM
With a Sept. 30 fiscal deadline looming and the midterm elections coming in November, the House may take up a bill without adding provisions that are frequently attached to must-pass spending bills, say those familiar with the talks.
By Ed Sykes | 09/08/14 03:56 PM
A few big items top the Congressional to-do list, but only a handful will get done before they leave Washington again later this month.
By Kelly Cohen | 09/08/14 03:52 PM
New Jersey suffered its second financial downgrade to its bond ratings this year, giving a black eye to Gov. Chris Christie as he considers a run for the White House in 2016.
09/08/14 02:30 PM
DETROIT (AP) — Detroit's computer system is "beyond fundamentally broken" and years behind the latest software, the city's new technology chief told a bankruptcy judge Monday. Beth Niblock said she turned down the job twice before agreeing to move to Detroit from Louisville, Kentucky, at the...
09/08/14 12:30 PM
WASHINGTON (AP) — The Obama administration will decide "in the very near future" what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries, Treasury Secretary Jacob Lew said Monday. A growing number of U.S. companies are shifting...
By Joseph Lawler | 09/08/14 11:08 AM
The New York senator, the number three Democrat in the upper chamber, is likely to roll out the bill as likely as this week in an effort to forestall so-called corporate inversions.
By Joseph Lawler | 09/08/14 09:44 AM
Speaking at an event on business taxes at the Urban Institute in Washington, Lew placed the responsibility on Congress to address so-called tax inversions, but said that the administration was prepared to step in if lawmakers don't move quickly enough.
By Paul Bedard | 10/01/14
By Paul Bedard | 10/01/14
By Paul Bedard | 09/30/14
By Susan Crabtree | 10/01/14
By Paul Bedard | 10/02/14