Sen. Chris Dodd says he’s been diagnosed with prostate cancer, feels fine and expects to be OK

HARTFORD, Conn. — Connecticut Sen. Christopher Dodd said Friday that he has been diagnosed with an early stage of prostate cancer and will have surgery in early August, but the prognosis is good and the illness will not affect his plans to seek a sixth term next year.

Former Treasury Secretary Paulson defends response to financial crisis as probe begins

WASHINGTON — Defending the government’s handling of the economic crisis last year, former Treasury Secretary Henry Paulson said Wednesday that the Bush administration’s responses were not perfect but “saved this nation from great peril.”

Obama may need to play a stronger role in shaping health care debate; Dems off to fitful start

WASHINGTON — President Barack Obama is seeing the downside of his light touch on revamping the nation’s health care system.

Senators: Obama’s financial oversight plan might not be enough to prevent another meltdown

WASHINGTON — President Barack Obama’s plan to increase oversight of banks and other financial institutions ran into skepticism Thursday on Capitol Hill where senators sharply questioned whether it was enough to prevent another economic meltdown.

Administration unveils sweeping regulatory overhaul seeking to prevent future financial crisis

WASHINGTON — The Obama administration has unveiled a sweeping regulatory overhaul that it hopes will restore confidence in the U.S. financial system and prevent a repeat of the worst crisis to hit Wall Street in seven decades.

Lawmakers fear Obama’s financial plan will give Federal Reserve too much power

WASHINGTON — Many lawmakers fear President Barack Obama’s plan to prevent another financial meltdown might end up turning the Federal Reserve into an all-powerful monster — a friction that could slow down a major overhaul of banking and market regulations.

Administration says current financial system riddled with weaknesses, must be overhauled

WASHINGTON — Aiming for greater limits and more clarity in the nation’s financial system, the Obama administration on Monday proposed adding muscle to the Federal Reserve and new restrictions on complex securities whose collapse choked lending and hit millions of American households.

US lawmakers seek to fortify strategic partnership with India

WASHINGTON - Citing the India-US civil nuclear deal as proof of the benefits of a strategic partnership with India, two senior senators have invited fellow lawmakers to join a bipartisan forum to promote their “already flourishing relationship”.

Love and marriage: Political spouses visible, vulnerable to rough campaign world

WASHINGTON — Political spouses increasingly are finding little public love to go with marriage.

FDIC Chairman Sheila Bair: enough left in bailout fund to handle banks’ stress test results

NEW YORK — The head of the Federal Deposit Insurance Corp. on Monday linked the results of recent “stress tests” on the nation’s 19 largest banks to the government’s belief that it won’t have to ask Congress for additional bailout funds in the immediate future.

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