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Republican lawmaker to grill U.S. SEC over Ackman tactics
News ImageBy Sarah N. Lynch WASHINGTON (Reuters) - A U.S. lawmaker will pressure the U.S. Securities and Exchange Commission on Thursday to consider a raft of reforms, after William Ackman's aggressive efforts to take over Allergan Inc raised concerns about loose rules governing disclosure and shareholder voting. Republican Representative Edward Royce of California plans to grill SEC Corporation Finance Director Keith Higgins at a House Financial Services hearing. "I am especially interested in the SECs process when looking at novel or creative deals like the announced joint-bid by Valeant Pharmaceuticals and Pershing Square for Allergan, Royce said in a statement. Mr. Higgins appearance before the committee is an opportunity to make sure that the Commission is making robust reviews of these sorts of deals to ensure strong investor protections and market transparency. Saat Alety, Royce's spokesman, said that Royce is prepared to take legislative action if the SEC fails to fix the problem on its own.
Thu, 24 Jul 2014 00:10:40 -0400
Exclusive: Obama sends team to Texas to assess need for National Guard deployment
News ImageBy Jeff Mason SAN FRANCISCO (Reuters) - President Barack Obama has sent a team to Texas to assess whether a U.S. National Guard deployment would help to handle an immigration crisis at the Mexican border, White House officials told Reuters on Wednesday, having so far resisted Republican calls for such a move. The team, made up of officials from the Department of Defense and the Department of Homeland Security, departed on Tuesday and will be on the ground through Thursday. The White House had previously resisted calls from Republicans to deploy the National Guard to fight the onslaught of migrants from Central America because most of the unaccompanied minors and others making the crossing were turning themselves in voluntarily.
Wed, 23 Jul 2014 16:56:46 -0400
Republican Paul Ryan to renew U.S. poverty debate with grant plan
News ImageBy David Lawder WASHINGTON (Reuters) - Republican Representative Paul Ryan will probably spark a new round of arguments over how to fight poverty in America on Thursday as he introduces a sweeping plan to replace long-standing social safety net programs with new block grants for states and communities. Ryan, his party's vice presidential candidate in 2012, is best known for his budget blueprints marked by deep domestic spending cuts. This time, the chairman of the House Budget Committee will unveil his plan to keep social safety net funding at the same levels but change the way it is used in a speech on Thursday to the American Enterprise Institute, a conservative think tank in Washington.
Wed, 23 Jul 2014 21:30:04 -0400
U.S. Senate Democrats cut $1 billion from Obama border request
News ImageBy Susan Cornwell WASHINGTON (Reuters) - U.S. Senate Democrats on Tuesday proposed cutting $1 billion from President Barack Obama's $3.7 billion emergency funding request to deal with a surge of some 57,000 undocumented Central American children across the southern border. Obama on July 8 asked lawmakers to approve $3.7 billion to bolster border security and speed deportation proceedings, but Congress has yet to take action on the request. At a luncheon on Tuesday, Senate Democrats discussed what their response should be. "Based on a review of what is meet needs at the border, the bill reduces the presidents request by $1 billion," said Senate Appropriations Committee Chairwoman Barbara Mikulski.
Wed, 23 Jul 2014 17:26:17 -0400
On the torture report, a confrontation looms
Sometime this summer, probably when as many Americans as possible are tanning on a beach and not paying attention, the White House is expected to release a version of a classified report on torture during the Bush years. Actually, what's likely to become public is only the executive summary of the Senate Intelligence Committee's report. Thu, 24 Jul 2014 04:50:33 -0400
Biden busts out the whiteboard to give lawmakers a history lesson
Ever wonder what it would be like to have Joe Biden as a history teacher? A new video posted to YouTube by the White House gives viewers a glimpse. Wed, 23 Jul 2014 16:22:53 -0400
Why Supreme Court is likely to uphold Obamacare subsidies
One of the most respected and lauded Supreme Court experts says the court is likely to split 5-4 in favor of upholding subsidies approved by the Obama administration. Wed, 23 Jul 2014 16:17:02 -0400
The Kochs' nonprofit empire is building a network of libertarian hackers, coders and designers
News ImageThe Koch network is teaming up with Silicon Valley entrepreneurs to connect coders with D.C politicos
Wed, 23 Jul 2014 08:57:22 -0400
CNN's Cuomo spars with 'Russia Today' anchor on air over MH17 evidence
In a contentious live interview on CNN Wednesday, "New Day" anchor Chris Cuomo sparred with 'Russia Today' anchor Peter Lavelle over Russia's response to the downing of Flight MH17. Wed, 23 Jul 2014 08:04:14 -0400
Kentucky City Battles High Gas Prices With Public Fuel Center
News ImageKentucky City Selling Gas Directly to Drivers, Bypassing Local Business
Wed, 23 Jul 2014 18:40:24 -0400
Israeli Airline With Missile Defenses Goes to Israel When US Carriers Wont
News ImageEl Al One of Only Civilian Carriers With On-Board Missile Defense Systems
Wed, 23 Jul 2014 18:40:23 -0400
I Smoke a Lot of Weed Every Day Because My Best Friend Was the Bomber
News ImageOfficials: Accused Massachusetts Drug Dealer Gave Tsarnaevs Handgun After Boston Marathon Bombing
Wed, 23 Jul 2014 18:40:23 -0400
Obama wants limits on US company mergers abroad
News ImageLOS ANGELES (AP) President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those companies.
Thu, 24 Jul 2014 06:01:21 -0400
FAA lifts ban on US flights to Tel Aviv airport
News ImageWASHINGTON (AP) The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel, which the agency had imposed out of concern for the risk of planes being hit by Hamas rockets.
Thu, 24 Jul 2014 05:55:55 -0400
Democrats stand by senator amid plagiarism claim
News ImageHELENA, Mont. (AP) Sen. John Walsh said his unattributed use of others' work in his master's thesis was not plagiarism but "a few citations that were unintentionally left out of a term paper" that he blamed in part on post-Iraq war trauma.
Thu, 24 Jul 2014 03:19:18 -0400
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