U.S. Congress News

House Oversight and Government Reform Committee Chairman, Rep. Henry Waxman, D-Mich, right, talks with committee ranking member Rep. Tom Davis, R-Va., during a hearing on Capitol Hill  in Washington, Monday, Oct. 6, 2008, on the collapse of Lehman Brothers.  Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday. Waxman said Lehman was 'a company in which there was no accountability for failure.' (AP Photo/Susan Walsh)

Congress hears Lehman sought millions for execs

AP - 11 minutes ago

WASHINGTON - Days from becoming the largest bankruptcy in U.S. history, Lehman Brothers steered millions to departing executives even while pleading for a federal rescue, Congress was told Monday.

  • President Bush gestures after departing Air Force One on Monday, Oct. 6, 2008 as he heads to a fundraiser in San Antonio, Texas.  (AP Photo/Evan Vucci)
    Bush pushes Senate to confirm federal judges AP - 39 minutes ago

    CINCINNATI - President Bush reminded Americans Monday that his eight years of appointing conservative judges will affect the nation for decades, hoping to secure his legacy but also help fire up Republicans in must-win Ohio a month before the presidential election.

  • This artist's rendering depicts a scene from the trial of Sen. Ted Stevens, R-Alaska, left, as he listens to witness Bill Allen, right, being questioned by his Attorney Brendan Sullivan, second from left top, at the U.S. Discrict Court in Washington Monday Oct. 6, 2008.  Others depicted are Prosecution Attorneys Joseph Bottini, and Brenda Morris, seated second and third from left, and Judge Emmet G. Sullivan, second from right. (AP Photo/Dana Verkouteren)
    Jury hears audio of Stevens fretting about inquiry AP - 2 hours, 13 minutes ago

    WASHINGTON - Sen. Ted Stevens told wealthy businessman Bill Allen they needed to stick together and "really lay low" to beat an FBI investigation into their cozy relationship, according to audiotapes played Monday at the senator's corruption trial.

  • For Democrats, 110th A Mixed Bag Of Accomplishments CQPolitics.com - Mon Oct 6, 9:39 AM ET

    As the 110th Congress comes to a close, Senate Majority Leader Harry Reid says he's feeling pretty good about the work he and his colleagues accomplished.

  • A man walks past Fortis headquarters in Luxembourg. Fortis shareholders on Monday mulled legal action after French bank BNP Paribas agreed a deal with the Belgian and Luxembourg governments to carve up the troubled finance group.(AFP/Jean-Christophe Verhaegen)
    Congress opens hearings on financial meltdown AP - Mon Oct 6, 9:07 AM ET

    WASHINGTON - Three days after providing a $700 billion bailout for Wall Street, Congress is holding its first hearing into what caused the nation's financial markets to collapse last month.

  • US House race in Oklahoma heats up after bailout AP - Mon Oct 6, 5:32 AM ET

    TULSA, Okla. - The political ad begins with classical music playing, then a picture of Republican U.S. Rep. John Sullivan.

  • Minnesota Senate debate showcases race's intensity AP - Sun Oct 5, 10:42 PM ET

    ROCHESTER, Minn. - Republican Sen. Norm Coleman and Democratic challenger Al Franken exchanged barbs in their first Senate debate Sunday night over the ailing economy and the war in Iraq, while a third-party challenger seat kept both on their toes.

  • A flag waves at the US Capitol building on Capitol Hill in Washington, DC. Although all eyes are on the White House race, hundreds of other elections will be taking place around the country on November 4 as US lawmakers battle to hang onto their seats in the Congress.(AFP/Getty Images/File/Mark Wilson)
    Fierce battles seen for US Congress AFP - Sun Oct 5, 7:06 PM ET

    WASHINGTON (AFP) - Although all eyes are on the White House race, hundreds of other elections will be taking place around the country on November 4 as US lawmakers battle to hang onto their seats in the Congress.

  • Indicted La. congressman hopes to repeat '06 win AP - Sun Oct 5, 4:09 PM ET

    NEW ORLEANS - Indicted U.S. Rep. William Jefferson had a quarter of voters on his side as he overcame scandal to come in first in Louisiana's Democratic primary.

  • McCain Backers Expand Attacks on Obama's Character, Patriotism Bloomberg - Sun Oct 5, 1:58 PM ET

    Oct. 5 (Bloomberg) -- Senator John McCain's supporters escalated attacks on Senator Barack Obama's patriotism and his acquaintance with a Vietnam-era radical as polls show the Republican nominee losing ground a month before the election.

  • Democratic presidential nominee Senator Barack Obama speaks during a campaign rally in Asheville, North Carolina, October 5, 2008. (Jason Reed/Reuters)
    Obama accuses McCain of smear campaign Reuters - Sun Oct 5, 3:16 PM ET

    ASHEVILLE, North Carolina (Reuters) - Democrat Barack Obama counterattacked on Sunday against a new Republican tactic by saying rival John McCain was more interested in a smear campaign than fixing the U.S. economy.

  • Bill Allen, the chief government witness against Alaska Senator Ted Stevens, arrives at federal court in Washington, Tuesday, Sept. 30, 2008. Allen is a former confidant of Stevens and the founder of oil pipeline company VECO, Corp., which allegedly provided more than $250,000 in free renovations on the senator's home according to the Justice Department charges. (AP Photo/J. Scott  Applewhite)
    Cool reunion as Sen. Stevens' ex-friend testifies AP - Sun Oct 5, 9:19 AM ET

    WASHINGTON - Bill Allen affectionately referred to the outings as "boot camp."

  • Republican presidential nominee, Arizona Senator John McCain, speaks on October 2 at a women's town hall meeting in Denver. Barack Obama hammered McCain Sunday for wanting to "turn the page" on the US economic crisis and engage in low-blow personal attacks a month from election day.(AFP/File/Mandel Ngan)
    Obama accuses McCain of sordid attacks amid economic peril AFP - Sun Oct 5, 4:54 PM ET

    ASHEVILLE, North Carolina (AFP) - Barack Obama hammered Republican White House rival John McCain Sunday for wanting to "turn the page" on the US economic crisis and engage in low-blow personal attacks a month from election day.

  • The Senate Republican leadership meet on Capitol Hill, September 30, 2008. Pictured are (L-R) Senator Jon Kyl (R-AZ), Senator Bob Bennett (R-UT) and Senate Republican leader Mitch McConnell (R-KY). (Jim Young/Reuters)
    GOP dread: Dems could hit 60 Senate seats Politico - Sat Oct 4, 6:18 PM ET

    The possibility that Democrats will build a muscular, 60-seat Senate majority is looking increasing plausible, with new polls showing a powerful surge for the party’s candidates in Minnesota, Kentucky and other states.

  • Democratic presidential candidate Sen. Barack Obama, D-Ill., speaks at a rally at Victory Landing Park in Newport News, Va., Saturday, Oct. 4, 2008.  (AP Photo/Steve Helber)
    Obama assails McCain over health care proposal AP - Sat Oct 4, 6:35 PM ET

    NEWPORT NEWS, Va. - Democrat Barack Obama sharply criticized Republican John McCain's health care proposals Saturday, saying they could force millions of Americans to struggle to buy medical insurance.

  • Party Coffers Calling CQPolitics.com - Sat Oct 4, 1:35 AM ET

    There is no surer way to earn the devotion of one's party than to give it a vast sum of money, as Sen. John Kerry of Massachusetts did this week, transferring $1 million from his Senate campaign account to the Democratic Senatorial Campaign Committee.

  • In the Event of a Tie CQPolitics.com - Sat Oct 4, 1:25 AM ET

    It's a nightmare scenario: The votes are counted on Election Night four weeks from now, and Barack Obama and John McCain have each secured 269 electoral votes, one fewer than the majority the Constitution requires to be elected president -- and throwing the election to the House of Representatives to decide.

  • Rep. Elijah Cummings, D-Md., and Rep. Donna Edwards, D-Md. adress the media explaining why they will be changing their votes on the stimulus package bill on Capitol Hill in Washington, Friday, Oct. 3, 2008. (AP Photo/Lawrence Jackson)
    What a pirouette - 58 House members flip to 'yes' AP - Fri Oct 3, 11:31 PM ET

    WASHINGTON - The bill got better — for some lawmakers. And back home, folks got scared after Monday's stock market plunge. Presidential candidates Barack Obama and John McCain stepped up the pressure, as did Capitol Hill bosses like House Speaker Nancy Pelosi.

  • Senate Majority Leader Sen. Harry Reid, D-Nev., center, with Senate Minority Leader Mitch McConnell, R-KY, right and Sen. Chris Dodd, D-Conn., left, Sen. Max Baucus, R-Mont., second from left, and Sen. Judd Gregg, R-N.H., speak at news conference on Capitol Hill in Washington, Wednesday, Oct. 1, 2008. Senators loaded the economic rescue bill with tax breaks and other sweeteners before passing it by a wide margin, 74-25, a month before the presidential and congressional elections.(AP Photo/Lawrence Jackson)
    Tax breaks big and small sweeten financial bailout AP - Fri Oct 3, 9:15 PM ET

    WASHINGTON - Millions of taxpayers, thousands of businesses and groups as diverse as solar power developers and natural disaster victims will see tax relief with the House vote Friday to approve and send to the president a $700 billion financial rescue plan.

  • A supporter holds a sign for Republican presidential nominee Senator John McCain (R-AZ) outside of a fundraiser held for Republican vice presidential nominee Alaska Governor Sarah Palin in Dallas, Texas October 3, 2008. (Jessica Rinaldi/Reuters)
    Campaign focus back on economy after debate Reuters - Fri Oct 3, 6:38 PM ET

    ST. LOUIS (Reuters) - The White House race turned back to the ailing economy on Friday, with Democrat Barack Obama and Republican John McCain praising the vote in Congress to pass a Wall Street bailout but pushing for further action.

  • Speaker of the House, Rep. Nancy Pelosi, D-Calif., far right, speaks with reporters as she announces the passing of the financial rescue package, Friday, Oct. 3, 2008 in Washington. Standing with Pelosi are, from left to right, Rep. Barney Frank, D-Mass., Rep. Steny Hoyer, D-Md., Rep. James E. Clyburn, D-S.C.., and Rep. Rahm Emanuel, D-Ill. (AP Photo/Pablo Martinez Monsivais)
    Note to Main Street: Congress LOVES you AP - Fri Oct 3, 6:00 PM ET

    WASHINGTON - Note to Main Street: Congress loves you.

  • Financial bailout bill includes timber payments AP - Fri Oct 3, 5:49 PM ET

    WASHINGTON - The financial rescue plan signed by President Bush on Friday extends a program that pays rural counties hurt by federal logging cutbacks.

  • US announces Taiwan arms package AP - Fri Oct 3, 5:43 PM ET

    WASHINGTON - The Bush administration announced plans Friday to sell up to $6.5 billion in arms to Taiwan, a decision sure to anger Taiwan's rival China and one that could complicate stalled North Korean disarmament efforts.

  • US President George W. Bush walks out from the White House to greet Treasury Secretary Henry Paulson at the Treasury Department in Washington, DC. Bush Friday signed an economic rescue bill just hours after the US House of Representatives reversed course and approved the historic 700-billion-dollar Wall Street bailout.(AFP/Yuri Gripas)
    Economic rescue swiftly signed into law AFP - Fri Oct 3, 5:14 PM ET

    WASHINGTON (AFP) - US President George W. Bush Friday signed an economic rescue bill just hours after the US House of Representatives reversed course and approved the historic 700-billion-dollar Wall Street bailout.

  • U.S. Republican presidential nominee Senator John McCain (R-AZ) delivers a statement on the tarmac in Flagstaff, Arizona October 3, 2008 about the passage of the Wall Street bailout bill. (Brian Snyder/Reuters)
    McCain says further action needed after bailout bill Reuters - Fri Oct 3, 4:49 PM ET

    FLAGSTAFF, Arizona (Reuters) - Republican presidential nominee John McCain commended the U.S. House of Representatives on Friday for passing a $700 billion Wall Street bailout bill but said further action was needed to help boost the struggling economy.

  • Medical allegations stir up north Ala. House race AP - Fri Oct 3, 4:16 PM ET

    HUNTSVILLE, Ala. - Retired doctor Parker Griffith's campaign to keep a north Alabama congressional seat held by Democrats for generations was going smoothly until his opponent released 20-year-old documents that accuse him of manipulating his cancer patients' radiation doses.

  • Toy arrow makers duck as tax break gets zinged AP - Fri Oct 3, 4:09 PM ET

    WASHINGTON - They're tired of the zingers.

  • Vote switchers on financial bailout AP - Fri Oct 3, 3:48 PM ET

    WASHINGTON - Sixty lawmakers Friday switched from their previous position on the huge Wall Street bailout measure. Fifty-eight switched from "no" to "yes," one switched to oppose the measure and a lawmaker who was absent on Monday voted "yes." Here's the breakdown by party and state:

  • Hundreds of people wait to register at a state sponsored job fair in September 2008 in Colorado. A struggling US economy lost 159,000 jobs in September as the weight of the housing collapse and credit crunch hit a broad swath of industries, government data showed Friday.(AFP/Getty Images/File/John Moore)
    House approves extension of jobless benefits AP - Fri Oct 3, 3:27 PM ET

    WASHINGTON - The House voted Friday to extend unemployment benefits to those who have exhausted their current benefits. The vote came hours after learning that the nation's payrolls were continuing to shrink and after the House had approved a massive financial rescue plan for Wall Street.

  • House votes to extend jobless benefits Reuters - Fri Oct 3, 3:23 PM ET

    WASHINGTON (Reuters) - The House of Representatives on Friday voted to give long-term unemployed workers at least seven weeks of extra jobless benefits.

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