WASHINGTON - President Barack Obama will seek to increase the number of people who earn overtime pay by updating regulations that exempt broad swaths of supervisors, managers and office workers from making overtime, a White House official said on Wednesday.
WASHINGTON - Russia, locked in a standoff with the West over Ukraine, would be unable to thwart a complete or partial U.S. withdrawal from Afghanistan even if it cut off access to Russian supply routes, a top U.S. general said on Wednesday.
WASHINGTON - The U.S. Senate Foreign Relations Committee will vote on Wednesday on legislation addressing the Ukraine crisis that contains sanctions and IMF reforms, a senior member of the committee said.
WASHINGTON - The U.S. Senate on Wednesday approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department, backing a critic of Wall Street to help coordinate an overhaul of financial regulations.
WASHINGTON - The CIA's relationship with Congress would be ruined if it is proven that the agency illegally spied on the Senate Intelligence Committee, the chairman of the House Intelligence Committee said on Wednesday.
WASHINGTON - The U.S. Department of Labor is eyeing August as a target to release a controversial proposal that would require retirement plan financial advisers to put their clients' interests ahead of their own, a department official confirmed Wednesday.
WASHINGTON - The United States is hearing that its refusal to approve previously negotiated reforms for the International Monetary Fund could reduce the nation's influence at the institution, Treasury Secretary Jack Lew said on Wednesday.
ORLANDO, Florida - Republican David Jolly won an expensive battle to fill a vacant U.S. Congressional seat in a special election watched by both major parties for what it portends for November when all 435 congressional seats will be up for grabs.
WASHINGTON - The chairman of the U.S. Senate Foreign Relations Committee said on Tuesday he would introduce a bill to address the crisis in Ukraine including $150 million in aid, sanctions against Ukrainians and Russians responsible for violence and human rights violations in Ukraine, and backing for a shift in funding for the International Monetary Fund.
WASHINGTON - Top U.S. defense officials are bracing for a brutal season of budget negotiations, warning U.S. lawmakers that the U.S. military will gradually become unable to respond to emerging crises if Congress blocks the Pentagon's plans to cut military compensation, close bases and retire entire fleets of aircraft.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.