Seven financial and automotive companies that have received “exceptional” government aid face an Aug. 13 deadline to submit compensation plans to the U.S. Treasury Department’s executive pay czar, people familiar with the process said on Monday. Kenneth Feinberg, who has …
Lawmakers on both sides of the Capitol struggled to reach a health care deal Tuesday, with Senate Democrats near agreement with three Republicans on a plan that would not include a government-run insurance option backed by President Barack Obama. After …
Democrats in the House pounced on a congressional budget analysis to bolster their plan for a government-run health insurance option Monday, as party leaders said they were closer to agreement on healthcare reform. The report by the nonpartisan Congressional Budget …
Congress must consider radical reforms to improve the accountability and reliability of credit rating agencies like Moody’s Corp. and McGraw-Hill Cos. Inc.’s Standard & Poor’s, a top U.S. lawmaker said Friday. Representative Paul Kanjorski, a senior Democrat on the House …
Shrugging off delays in a divided Congress, President Barack Obama’s administration on Friday said a sweeping healthcare overhaul would still be approved by year’s end to control costs and expand coverage. White House Chief of Staff Rahm Emanuel said the …
Federal securities class action activity declined in the first half of 2009, with a particularly significant decline in the second quarter. According to Stanford Law School Securities Class Action Clearinghouse and Cornerstone Research, a total of 87 federal securities class …
The National Highway Traffic Safety Administration gathered hundreds of pages of research and warnings about the hazards of drivers using cell phones, but withheld the information from the public in 2003 in part out of fear of angering Congress, The …
President Barack Obama said Tuesday the healthcare overhaul plan working its way through the U.S. Congress needs more work amid signs his top policy initiative, already rejected by Republicans, was running into deeper trouble with his own Democrats. Obama was …
One of the nation’s largest insurers has unveiled a plan to shift the authority for regulating rates for hurricane wind coverage from state regulators to an independent federal commission. Mississippi Gov. Haley Barbour and four state insurance commissioners heard Travelers …
Congressional Budget Office director Douglas Elmendorf told lawmakers Thursday legislation to expand health care coverage would increase federal healthcare costs “to a significant degree” and revenue will need to be found to keep from increasing the deficit. Asked by the …
