Reuters US Politics

By Jeff Mason and Pete Schroeder WASHINGTON (Reuters) -U.S. President Joe Biden on Friday called on Congress to give regulators greater power over the banking sector, including leveraging higher fines for managers, clawing back executives’ compensation and barring officials from failed banks, according to a statement released by the White House. “No one is above …

Biden takes aim at failed bank executives’ pay, asks Congress to act Read More »

By Andy Sullivan WASHINGTON (Reuters) -A Republican proposal to cancel unspent COVID-19 relief money could undercut healthcare for military veterans and pensions for blue-collar workers while doing little to improve the U.S. fiscal picture, a Reuters review of federal spending figures found. The flood of COVID-relief aid — $5.2 trillion in all — that Congress …

Veterans, carpenters and vaccines: What’s at stake if US COVID aid is canceled Read More »

WASHINGTON (Reuters) – A Republican senator accused Treasury Secretary Janet Yellen on Thursday of lying about whether President Joe Biden was willing to meet with Republicans to discuss Social Security, a break in decorum that drew an admonishment from the panel’s chairman. Senator Bill Cassidy repeatedly told Yellen during a Senate Finance Committee hearing that …

Republican senator to Yellen in hearing: ‘That’s a lie’ Read More »

(Reuters) – A coalition of 14 attorneys general condemned payment networks majors including Visa Inc, American Express Co and Mastercard Inc for pausing work on a merchant code to help detect suspicious gun sales in the United States. The group, led by New Jersey AG Matthew Platkin, condemned the firms for buckling under political pressure, …

US attorneys general condemn credit-card firms for backtracking on gun sale code Read More »

By Jonathan Stempel NEW YORK (Reuters) – New York’s attorney general urged a state judge to reject Donald Trump’s bid to delay her civil fraud case against him, and said the former U.S. president might use his 2024 White House run as an excuse for further delay. In a Wednesday night court filing, Attorney General …

New York to Trump: No more delay in civil fraud case Read More »

By David Morgan WASHINGTON (Reuters) – U.S. Senate Republicans accused Democratic President Joe Biden of misleading Americans about his $6.8 trillion budget plan to reduce deficits and shore up Medicare in a debate that reinforced an increasingly risky standoff over spending and the country’s debt ceiling. At a Senate Budget Committee hearing on Wednesday with …

Senate Republicans criticise Biden budget amid banking, market strains Read More »

(Reuters) – Most Republican members want answers from regulators as to why they were “asleep at the switch” over the collapse of Silicon Valley Bank and it is premature to discuss legislative solutions to banking problems, the U.S. Senate’s No. 2 Republican John Thune said on Wednesday. (Reporting by Richard Cowan in Washington; writing by …

U.S. Republicans seek answers from regulators over SVB’s collapse – Thune Read More »

By Tyler Clifford (Reuters) – A Wisconsin man pleaded guilty on Wednesday to a reduced charge for his role in a foiled plot to kidnap Michigan Governor Gretchen Whitmer, handing another victory to prosecutors who have viewed the scheme as domestic terrorism. Michigan prosecutors accused Brian Higgins, 54, of aiding the conspiracy by surveilling the …

Wisconsin man pleads guilty to role in plot to kidnap Michigan governor Read More »

By Nathan Layne (Reuters) – A fundraising group tied to Donald Trump is accusing Florida Governor Ron DeSantis of breaking state laws by running a “shadow campaign” for president, marking Trump’s latest attack on his former protege and now closest rival for the 2024 Republican party nomination. Make America Great Again Inc, a super PAC …

Trump allies attack DeSantis with campaign ethics complaint Read More »