Crude prices didn't move much on Friday after the House of Representatives passed a bailout plan to shore up the nation's financial system, which could help restore demand for oil.
The strong bipartisan Senate vote for a $700 billion economic bailout package will put more pressure on Republican members to back the measure if it comes up for a vote in the U.S. House, Republican leadership aides said.
The U.S. Senate voted Wednesday by 74 votes to 25 to approve a $700 billion economic bailout plan. The proposals would allow Treasury Secretary Henry Paulson to buy "toxic debts" from banking institutions to allow them to resume borrowing normally. But the plan still requires approval in the House of Representatives, which rejected a previous version of the bill on Monday.
Sen. John McCain said Wednesday that if the financial rescue bill fails in Congress again, "the present crisis will turn into a disaster," and Sen. Barack Obama told lawmakers it's time to "step up to the plate."
The dollar continued its three-day run against the 15-nation euro Wednesday as banks continued to operate in defensive mode, and the Senate prepared to vote on its own version of the $700 billion financial sector rescue package that failed to pass the House of Representatives on Monday.
The servers hosting the Web sites of the House of Representatives and its members have been overwhelmed with millions of e-mails in the past few days, forcing administrators to implement the "digital version of a traffic cop" to handle the overload.
Most Asian markets bounced back Wednesday on hopes that a $700 billion bailout for the U.S. financial system will soon win legislative approval in Washington, although doubts persisted about the long-term outlook for the global economy.
Congress thinks it is punishing Wall Street by rejecting the rescue plan. But it may be hurting everyone
Asian and Pacific stock markets were mostly lower Tuesday after the U.S. House of Representatives failed to adopt a Wall Street bailout measure, triggering the largest point drop for the Dow industrials in U.S. market history.
Asian and Pacific stock markets slipped lower Tuesday after the U.S. House of Representatives failed to adopt a Wall Street bailout measure, triggering the largest point drop in U.S. market history.
Crude prices didn't move much on Friday after the House of Representatives passed a bailout plan to shore up the nation's financial system, which could help restore demand for oil.
The strong bipartisan Senate vote for a $700 billion economic bailout package will put more pressure on Republican members to back the measure if it comes up for a vote in the U.S. House, Republican leadership aides said.
The U.S. Senate voted Wednesday by 74 votes to 25 to approve a $700 billion economic bailout plan. The proposals would allow Treasury Secretary Henry Paulson to buy "toxic debts" from banking institutions to allow them to resume borrowing normally. But the plan still requires approval in the House of Representatives, which rejected a previous version of the bill on Monday.
Sen. John McCain said Wednesday that if the financial rescue bill fails in Congress again, "the present crisis will turn into a disaster," and Sen. Barack Obama told lawmakers it's time to "step up to the plate."
The dollar continued its three-day run against the 15-nation euro Wednesday as banks continued to operate in defensive mode, and the Senate prepared to vote on its own version of the $700 billion financial sector rescue package that failed to pass the House of Representatives on Monday.
The servers hosting the Web sites of the House of Representatives and its members have been overwhelmed with millions of e-mails in the past few days, forcing administrators to implement the "digital version of a traffic cop" to handle the overload.
Most Asian markets bounced back Wednesday on hopes that a $700 billion bailout for the U.S. financial system will soon win legislative approval in Washington, although doubts persisted about the long-term outlook for the global economy.
Congress thinks it is punishing Wall Street by rejecting the rescue plan. But it may be hurting everyone
Asian and Pacific stock markets were mostly lower Tuesday after the U.S. House of Representatives failed to adopt a Wall Street bailout measure, triggering the largest point drop for the Dow industrials in U.S. market history.
Asian and Pacific stock markets slipped lower Tuesday after the U.S. House of Representatives failed to adopt a Wall Street bailout measure, triggering the largest point drop in U.S. market history.
As the House fails to pass the financial-rescue package, regulators will be forced to revert to a piecemeal approach. And that could cost taxpayers more
After months of high-pitched battles with Republicans over the issue of offshore drilling, House Democrats have given in and decided to allow a 26-year ban on drilling to expire at the end of the month.
The Florida Department of Law Enforcement closed a sex-related criminal probe of former U.S. Rep. Mark Foley on Friday without filing charges, authorities said.
The White House slammed an energy bill that the House of Representatives passed Tuesday night, calling it a waste of time.
The House of Representatives on Tuesday night passed an energy bill clearing the way for more oil drilling off U.S. coasts, but not nearly as much as Republican leaders wanted.
The House of Representatives on Tuesday approved an energy bill that could clear the way for more drilling in the United States, as the Democrats who control Congress yielded to pressure from Republicans on the issue.
Introduction September 17, 2008 marks the 221st birthday of our government. On this date in 1787, 39 men changed the course of history by signing the U.S. Constitution. But this document is not just some relic of the past -- it continues to guide the way we live our lives. Each time there is a case that addresses the roles of the U.S. government or the rights of its people, the courts interpret the words written in the U.S. Constitution to determine whether the law is in accordance with the Constitution. . This CNN Student News One-Sheet examines some connections between four contemporary issues and the U.S. Constitution.
McCain and the Republicans have seized on energy as one place they may have an advantage in a hostile political climate
The following resource contains answers to some of the most frequently asked questions about the Electoral College.
Military operations in Iraq and Afghanistan would be funded into early 2009 under a compromise plan approved Thursday by the U.S. House.
The U.S. House of Representatives established a grant program with the Department of Education on Monday that will provide schools with funding for Automated External Defibrillators.
Rep. Dennis Kucinich, a former Democratic presidential candidate from Ohio, introduced a resolution to impeach President Bush into the House of Representatives on Tuesday.
The U.S. House of Representatives overwhelmingly passed a resolution Wednesday calling on China to end its crackdown on Tibet and release Tibetans imprisoned for "nonviolent" demonstrations.
The inspector-general of the House of Representatives will investigate recent allegations of sexual misconduct among congressional pages, the Democratic and Republican leaders of the chamber announced.
The inspector-general of the House of Representatives will investigate recent allegations of sexual misconduct among congressional pages, the Democratic and Republican leaders of the chamber announced Wednesday.
The House of Representatives passed the first major increase in fuel economy standards in more than 30 years with a 235-181 vote.
Rep. Julia Carson, a former secretary who rose to become Indianapolis' first African-American congresswoman, has announced she has terminal lung cancer, a newspaper reports.
The House of Representatives voted to override President Bush's veto of a bill authorizing $23 billion in water projects Tuesday, with the Senate expected to follow suit later this week.
Ohio congressman David Hobson is the latest Republican to announce his exit from the House of Representatives, telling constituents Sunday he would step down in 2008 after nine terms.
A U.S. military plane with three U.S. senators and a U.S. House member onboard came under rocket fire while leaving Baghdad, Iraq, for Amman, Jordan, Thursday night and had to take evasive maneuvers.
In May, the House of Representatives passed the Small Business Fairness in Contracting Act, which would raise the government goal for small-business participation in federal procurement contracts from 23% to 30%. Time to celebrate? Probably not.
Nearly half of all Americans are worried about the collapse of a bridge somewhere in the United States, yet nearly two-thirds reject higher taxes to inspect and fix them, according to a new CNN/Opinion Research Corp. poll released Thursday.
The U.S. House Saturday passed a Democratic rewrite of U.S. energy policy that strips $16 billion in tax incentives away from Big Oil and puts it toward renewable energy sources like wind and solar power.
When it comes to elected officials and earmarks, the policy seems to be the less said the better.
A bill to raise taxes on "carried interest" compensation awarded to private equity firm partners was introduced Friday by 14 Democratic members of the U.S. House of Representatives.
Louisiana congressman William Jefferson on Tuesday requested temporary leave as a member of the House Small Business Committee, a day after he was indicted by a federal grand jury on a raft of corruption charges.
American society is increasingly polarized, our politics ever more fractious, and I believe most of us are figuring out that we spend far too much time and energy dwelling on our differences rather than embracing the similarities and commonalities that unite us as Americans.
Gasoline prices hit an all time high of $3.227 a gallon just before the Memorial Day holiday, and once again, Congress has taken the easy way out. Instead of doing anything substantive about the United States' unquenchable thirst for gasoline, it has gone searching for phony villains - and found them in the personage of mysterious "price gougers."
U.S. House Speaker Nancy Pelosi's plan to make the U.S. Capitol complex more environmentally friendly is being hampered by the reluctance of lawmakers from coal-producing states to implement changes at the complex's coal-burning power plant.
The White House has threatened to veto a bill passed by the House of Representatives on Thursday that expands hate-crime laws to include attacks based on sexual orientation or gender.
A bill to enact the 9/11 Commission recommendations -- one of the first bills passed by the new Democratic-led House of Representatives -- will cost $21 billion over five years if enacted into law, congressional budget officials said Friday.
The Senate voted 94-3 Thursday to increase the federal minimum wage in three steps from $5.15 to $7.25 in a bill that also gives $8 billion worth of tax cuts to small business.
A Democratic House candidate in Florida who alleges that malfunctioning electronic voting equipment played a role in her narrow defeat in November formally contested the results Wednesday.
The Democrats' sweeping victory in the U.S. midterm elections changed the balance of power in American government. Here's all you should know about how things work (and don't work) on Capitol Hill.
Stocks posted slim gains Wednesday, led by technology and energy, after a rough morning, as investors came to terms with the possibility of the Democratic Party controlling Congress.
The Nasdaq led a broader stock market recovery Wednesday afternoon, as investors set aside morning concerns about the possibility of the Democratic Party controlling Congress.
President Bush on Wednesday discussed the midterm elections and the news that Defense Secretary Donald Rumsfeld was stepping down in a White House news conference. The following is a partial transcript of his remarks:
With Tuesday's takeover of the House comes the near certainty that Democrats will elect the chamber's minority leader as the first madam speaker in U.S. history.
Wall Street started off Election Day on a quiet note as investors scooped up select shares after the previous session's big rally.
There's a phrase in Spanish that Latinos use to tell one another to be careful and watch out for surprises: ojo, mucho ojo. It means keep an eye out.
If recent polls about next week's mid-term election bear out, House Democrats could be smiling once the final numbers are in.
Will Rogers said, "You know horses are smarter than people. You never heard of a horse going broke betting on people."
On November 7, 2006, Americans will vote for federal, state and local officials. Use the information in this Extra! to help students understand what happens in midterm elections.
On a wretchedly hot August day outside the Caterpillar tractor plant in Montgomery, Ill., President Bush and the state's congressional delegation gather for the signing of the massive transportation bill. This is 2005, the calm before the Katrina storm, and a rigorous mountain-biking schedule has the President in top shape.
After a five-week summer recess, one of the House of Representatives' first items of business was a vote on a bill to ban horse slaughtering in the United States.
Chief Cabinet Secretary Shinzo Abe, 51, is the front-runner to succeed Junichiro Koizumi as the next president of Japan's Liberal Democratic Party, a post which will carry with it the prime ministership of Japan.
Fresh after approving a bill to open the East and West coasts for offshore drilling, a report Wednesday said the House of Representatives is considering two more energy-related items that would expand domestic oil production and encourage renewable technologies.
The U.S. House of Representatives approved a controversial bill Thursday that opens up vast stretches of the U.S. coast to oil and gas drilling, paving the way for a reversal of a 25-year ban on energy exploration off a majority of the country's shoreline.
The U.S. Senate and House of Representatives are set to take action on legislation that could determine the financial and social fate of nearly every American for the next 20 years.
The Senate approved a wide-ranging overhaul of immigration laws Thursday, voting 62-36 to bolster security at the Mexican border and to grant many illegal immigrants a path toward citizenship.
December 16, 2005, is a day that will live in infamy in the Hall of Fame of Unintended Republican Consequences.
Australia's lawmakers have voted Thursday to remove regulatory control of a controversial abortion drug away from the health minister.
There's a political scandal waiting to explode.
The national energy bill, approved by both the House of Representatives and the Senate this week, focuses mostly on expanding energy production. But lawmakers inserted some incentives for consumers to conserve energy in their homes and cars.
Following more than three hours of passionate debate on Capitol Hill, the U.S. House early Monday passed a bill on 203 to 58 vote that transfers jurisdiction of the Terri Schiavo case to a U.S. district court for a federal judge to review.
A Florida circuit court judge ordered the feeding tube of Terri Schiavo be removed after a contentious day of legal moves and congressional subpoenas.
Congress on Thursday approved a bill that would extend the deductibility of donations made for tsunami disaster relief.
With Yasser Arafat's death the Palestinian constitution provides that the speaker of the Palestinian House of Representatives, Rawhi Fattuh, should assume the presidency.
Republicans retained control of the U.S. House of Representatives and added at least four seats to their number, joining GOP gains in the Senate to solidify the party's congressional control.
When Australia's 13 million voters go to the polls on Saturday October 9, they will take part in a national election that has two special characteristics setting it apart from most others.
A band of tech companies will present an alternative method for valuing stock options that would provide lower expenses to the companies than legislation currently under review, according to a report published Tuesday.
The impeachment committee investigating Connecticut Gov. John G. Rowland has subpoenaed him to testify as its first witness in public hearings.
The U.S. House of Representatives overwhelmingly approved a bill Wednesday to ban lawsuits by obese customers who say they became overweight by eating at fast-food restaurants.
Why does the world know that Bill Gross has been selling some of his personal stake in Pimco Total Return? Only because he decided to say something in public. (And thanks for the heads-up, Bill.) T...
Thirty-nine Republicans in the House of Representatives crossed party lines to join Democrats in approving a measure that would extend the unemployment benefits for about 375,000 people whose regular benefits have run out for six-months.
With all the lurid tales coming out of Washington, D.C. these days, a bit of good news got scant attention earlier this year: The Clinton Administration is reportedly considering raising $2.5 billi...
Whichever way the House of Representatives goes on Election Day, there's probably no happy ending for any taxpayer the politicians deem to be wealthy. And let's face it, if you're doing okay these ...
You might think that joining a managed-health-care plan, such as a health maintenance organization, guarantees that your insurance bills will be paid if a health crisis sends you rushing to an emer...
It is August 5, 1993. Like millions of other politicized citizens, your servant is tuned in to CNN, watching the House of Representatives in that cliffhanger vote on the Clinton budget. He sighs di...
Is it or isn't it okay to say ''freshman''? Our country needs to know. Increasingly suspect because of those three nasty letters at the end, the term is causing attacks of nerves in our educational...
Your June Editor's Notes included the observation that four out of five voters believe we deserve better than the federal government we now have. Unhappily, they are mistaken. We do not deserve bet...
What labor is to Democrats, big business is to Republicans, right? Not when it comes to money. Corporate America is backing Democrats over Republicans in November's Senate and House elections. Prag...
ROBERT C. BYRD, 70, who is stepping down as the Senate's Majority Leader, on that institution: ''It isn't meant to rubber-stamp the President or to be a second House of Representatives. It isn't me...
Forget for a moment the issue of Social Security's future solvency. Today the agency is facing a challenge over the accuracy of its records -- which ultimately determines whether you will get all t...
-- We have been sitting here maybe two hours, glumly squinting at the November 4 Congressional Record and trying to retrace the logic by which the House of Representatives decided to bar lie detect...
More bankers are rewarding their best customers with favorable deals, including three listed under Revolving cards. Example: Security Pacific offers California residents 20.4% Visa and MasterCards ...
A decent interval having elapsed, we figure it would be acceptable to nonchalantly restate the case in favor of age discrimination, especially in light of certain subtle hints that nobody in the Ho...
The House of Representatives failed, by a vote of 276 to 149, to override President Reagan's veto of a bill that would have severely restricted textile imports. In early August an administrative la...
As the Senate and House of Representatives worry about ways to hold down the fiscal 1987 budget deficit, the Office of Management and Budget is pursuing a relatively painless revenue-raising scheme...
Week of May 12: The House of Representatives is scheduled to vote on a bill that would force the President to take tougher action against foreign trade practices that the bill defines as unfair. Ma...
Ted Turner, the Atlanta broadcasting mogul, turned down an offer by NBC to buy half of Cable News Network, Turner Broadcasting's 24-hour news program. A Turner spokesman said he didn't want to give...
Striking secretaries at Yale recently threatened to bring the 284-year-old university to a standstill over what they saw as discrimination in wages favoring men over women. Female workers in Washin...
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