Congress Asked to Lift Debt Limit
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WASHINGTON -- Treasury Secretary Henry Paulson told Congress on Wednesday that the federal government will hit the current debt ceiling on Oct. 1.
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The U.S. Congress asked the  Securities and Exchange Commission on Saturday to send  lawmakers a report justifying a new rule forcing mutual fund  boards to have independent chairmen.
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President Bush asked Congress today to increase the commitment to $30 billion over a five-year period.
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WASHINGTON -- President Bush, acknowledging that the country is suffering through a period of economic uncertainty, called on Congress Monday to do more to help people and businesses hurt by the housing slump and credit crunch.
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Six years after the Supreme Court took away the president's ability to veto specific parts of legislation, President Bush is asking Congress to bring back the line-item veto to let him make precision strikes against projects and tax provisions he doesn't like.
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Republicans in Congress want to significantly tighten regulations to keep people who declare bankruptcy from ducking debts they should be able to settle, but Democrats and physicians' groups argue the move would penalize Americans who go broke because of huge medical bills they can't pay.
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The chairman of the Federal Reserve urged Congress to bolster regulation of the mortgage giants Fannie Mae and Freddie Mac.
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Democrats accused Republicans of disastrous economic policies as Congress moved Thursday toward shipping President Bush an &#36;800 billion increase in the federal borrowing limit.
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The Senate neared approval of an &#36;800 billion increase in the nation's debt limit on Wednesday, a major boost in federal borrowing that Sen. John Kerry and other Democrats blamed on the fiscal policies of President Bush.
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President Bush asked Congress for an additional &#36;3.1 billion Tuesday to help Florida and other states recover from the battering they endured from recent hurricanes.
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President Bush asked Congress on Saturday for $3.2 billion to pay for at least 4,000 extra combat support troops and military police forces that commanders told the president they need in Iraq.
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U.S. Treasury Secretary Henry  Paulson on Wednesday said he expects the federal government to  reach its $8.965 trillion statutory debt limit on October 1.
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WASHINGTON - Leaders of the agency responsible for protecting consumers from faulty products said yesterday that Congress should increase their budget and power in the wake of huge recalls of lead-contaminated toys.
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Citing failure of two big airlines to make payments to their pension plans, top government officials Tuesday called on Congress to make it harder for corporations to dump their obligations on taxpayers.
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Federal Reserve Chairman Ben Bernanke told Congress today that lawmakers should enact a fiscal stimulus package to help beleaguered consumers as recession fears grow. Economists and politicians are increasingly worried about fallout from the subprime mortgage meltdown.
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The U.S. House of Representatives on Thursday voted to increase the federal credit limit by &#36;800 billion to &#36;8.184 trillion, a move that will allow the measure to be sent to President Bush for signing into law.
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That is the one-word message of advice that citizens wanted to send to members of Congress at the end of last week. Both the House of Representatives and the Senate looked as if they are having trouble seizing