Obama administration sends signal that $700 billion bank bailout program should be extendedWASHINGTON — The Obama administration on Thursday sent its clearest signal yet that it is prepared to extend its $700 billion bailout for Wall Street for another year, even as lawmakers said they were frustrated that not enough was being done to help the average American. Finance Committee Democrats thwart Republicans attempt to stall work on health care overhaulWASHINGTON — Senators writing a health care overhaul bill have rejected a Republican amendment that could have put the sweeping measure on hold. Report: Sugar company ignored dust dangers for decades before Ga. refinery explosion killed 14SAVANNAH, Ga. — Imperial Sugar Co. and managers of its Georgia refinery ignored known dangers of explosive dust for decades before a chain of dust-fueled fireballs erupted at the plant last year and killed 14 people, investigators said in a report Thursday. Former Fed Chair Volcker says Obama’s plans keep ‘too big to fail,’ may cause future bailoutsWASHINGTON — A top White House economic adviser says the Obama administration’s proposed overhaul of financial rules preserves the policy of “too big to fail,” and could lead to future bailouts. Health care issues: Shopping for insuranceA look at key issues in the nation’s health care debate: Democrats, Republicans ready fresh challenges to far-reaching health care overhaul billWASHINGTON — Tempers are flaring as the Senate Finance Committee starts its third day of exhaustive deliberations on a sweeping overhaul of the health care system. Feds weigh whether bus, truck drivers should have to hang up their cell phones when drivingWASHINGTON — Safety investigators told federal regulators three years ago that it was dangerous for bus drivers to talk on cell phones while driving, and recommended a ban. Obama administration warns against quick end to $700 billion bank bailoutWASHINGTON — The nation’s economic recovery has just begun and “we still have work to do,” a senior Treasury official told Congress on Thursday, the strongest signal yet that the administration is prepared to extend its $700 billion bank bailout fund. Venezuela’s cable television chamber says government plans to impose new regulationsCARACAS, Venezuela — The government of President Hugo Chavez is preparing to impose new regulations on cable TV, the head of Venezuela’s cable television chamber said Wednesday. Mass. governor to declare ‘emergency’ so he can immediately appoint interim Kennedy successorBOSTON — Massachusetts Gov. Deval Patrick says he will declare an emergency to allow him to immediately appoint an interim successor to the late Sen. Edward Kennedy. Chevron sues Ecuador under trade law to protect against negative ruling in other $27B caseSAN RAMON, Calif. — Chevron Corp. sought Wednesday to force the government of Ecuador into international arbitration for alleged trade violations, an apparent effort to protect itself against a feared negative ruling in a $27 billion lawsuit over environmental damage. Groups want evaluation of care after vets at VA facility in California suffer vision lossSAN FRANCISCO — A Veterans Administration probe that found eight veterans suffered potentially preventable vision loss while under the care of optometrists at a Northern California VA facility is prompting medical groups to call for a state investigation. Mass. Legislature approves bill creating temporary replacement for Kennedy in US SenateBOSTON — Massachusetts lawmakers fulfilled Sen. Edward M. Kennedy’s dying wish Wednesday, granting the governor the power to appoint an interim replacement for him so President Barack Obama can regain a critical 60th U.S. Senate vote he needs to pass a health care overhaul this year. Obama’s pick of trucking lobbyist to head safety agency that regulates the industry draws fireWASHINGTON — President Barack Obama’s nomination of a trucking industry lobbyist to head the agency that regulates the industry drew fire Wednesday from senators and safety advocates. Meltdown 101: How will extended jobless benefits work _ and who will benefit from them?WASHINGTON — Congress is moving to extend unemployment benefits as about 1.3 million of the jobless are at risk of running out by the end of this year. But the extra coverage won’t initially be available in every state. Amid complaints, CPSC pledges swift probe of Chinese drywallWASHINGTON — Under fire for the pace of her agency’s investigation, the nation’s top consumer safety official is promising to move swiftly to probe a flood of complaints about suspect drywall imported from China. Senate blocks effort to allow oil and gas drilling along the Atlantic and Pacific coastsWASHINGTON — The Senate on Wednesday voted against an attempt by Republicans to keep in place a plan by the Bush administration to allow oil and gas drilling along the Atlantic and Pacific coasts. Auto industry group backs ban on handheld texting and cell phone use in carsWASHINGTON — An auto industry trade group says it supports a ban on texting and using hand-held cell phones while driving in advance of next week’s major government summit on distracted driving. Check local listings: Recession means empty seats, but NFL has no plans to ease blackout rulesNEW YORK — When Hurricane Katrina devastated New Orleans, the NFL waived its television blackout policy so Saints fans could watch even if games moved to Baton Rouge didn’t sell out. Geithner supportive of exempting some businesses from proposed financial oversight agencyWASHINGTON — Ceding ground amid growing business opposition, the Obama administration on Wednesday signaled a willingness to exempt retailers, real estate brokers, lawyers, auto dealers, cable companies and accountants from oversight of its proposed Consumer Financial Protection Agency. House, lacking long-term solutions, votes short-term extension for FAA programsWASHINGTON — With Congress distracted by health care and disagreeing over transportation policy, the House was forced Wednesday to take emergency steps to keep key air and highway programs going through the end of the year. Democrats and Republicans spar over health care bill’s effect on seniorsWASHINGTON — Sweeping health care legislation cleared its first hurdles in the Senate Finance Committee on Wednesday as Democrats turned back a series of proposed changes by Republicans who attacked it as a threat to Medicare. Democrats reject GOP amendment to require health bill to be available online before voteWASHINGTON — Senate Finance Committee Democrats have rejected a GOP amendment that would have required a health overhaul bill to be available online for 72 hours before the committee votes. Finance Cte Dems turn back Republican push to let public see health bill language before voteWASHINGTON — Senate Finance Committee Democrats have rejected a GOP amendment that would have required a health overhaul bill to be available online for 72 hours before the committee votes. Obama administration tries to reclaim financial overhaul debate as banks push back hardWASHINGTON — Treasury Secretary Timothy Geithner says he supports revisions to the administration’s financial reform plan that were proposed by Rep. Barney Frank. Democrats juggle competing priorities as Senate committee pushes forward on health care billDemocrats try to move on health bill; GOP objects WASHINGTON — Senate Finance Committee Chairman Max Baucus heard some encouraging words Wednesday from a key centrist Democrat as he opened the second day of a committee meeting to debate and vote on his sweeping health overhaul bill. South Korean telecommunications regulator approves sale of Apple’s iPhoneSEOUL, South Korea — South Korea’s telecommunications regulator said Wednesday it has given approval for Apple Inc.’s hit iPhone to be sold in the country — potentially shaking up a handset market controlled by domestic manufacturers. Bank of America backpedals on overdraft fees, puts cap on limits; JPMorgan also reducing feesNEW YORK — As lawmakers prepare to implement sweeping credit card reforms, Bank of America Corp. and JPMorgan Chase & Co. are moving to overhaul overdraft fees and practices that have been criticized industrywide as excessive and harmful to consumers. Utah board won’t place moratorium on disposal of depleted uranium in stateSALT LAKE CITY — Utah’s Radiation Control Board Tuesday refused to block the disposal of depleted uranium in the state, clearing the way for shipments next month of the low-level radioactive waste. BP Exploration pays $1.7 million to settle Alaska spill containment violationsANCHORAGE, Alaska — An oil field review starting with a state inspector questioning the size of spill containment facilities on Alaska’s North Slope has resulted in a hefty civil payment for a subsidiary of BP PLC. |
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