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Exclusive: White House considers former banking lawyer for Fed board - sources
News ImageBy Jonathan Spicer and Emily Stephenson NEW YORK/WASHINGTON (Reuters) - A former lawyer with the American Bankers Association is being considered by the White House as a possible nominee to the board of the Federal Reserve, according to sources familiar with the efforts The lawyer's name emerged as the White House weighs candidates with community banking backgrounds to fill gaps on the Federal Reserve's powerful but depleted board, the sources said. People familiar with the White House's process said administration officials may fill one of the remaining openings with someone with banking experience, as opposed to an economist. Two sources said the administration is considering Diana Preston, a lawyer who recently left a post at the American Bankers Association, which represents many small banks.
Wed, 23 Apr 2014 18:06:06 -0400
Hagel begins first trip to Latin America as U.S. defense chief
News ImageBy David Alexander ABOARD A U.S. MILITARY AIRCRAFT (Reuters) - Defense Secretary Chuck Hagel said on Wednesday his first trip to Latin America as Pentagon chief would add "muscle and sinew" to growing North American defense ties and highlight the importance of helping partner nations improve their militaries. Hagel, who will meet his Canadian and Mexican counterparts in Mexico City before traveling to Guatemala, said the three-day visit will give him an opportunity to focus on relationship-building in a vital area that often receives little attention. "The region is important to America," Hagel told reporters aboard his plane to Mexico City. "I don't think over the years we've probably ever done enough to reach out to our Latin American partners." He said part of the reason was that U.S. relations in the region have been stable and good in recent years, so Washington has tended to focus its attention on the world's trouble spots.
Wed, 23 Apr 2014 17:36:33 -0400
Democratic governors challenge Connecticut campaign finance law
Dozens killed in shooting at elementary school in ConnecticiutThe U.S. Democratic Governors' Association on Wednesday sued the state of Connecticut, saying its laws on political spending are unconstitutionally broad and limit the ability of political groups to buy independent ads backing candidates. The lawsuit said the state unfairly treats independent money spent on ads and other political messages by the national group as contributions to particular candidates, and thus subject to campaign finance limits. "Connecticut's campaign finance laws ... conflict with Supreme Court First Amendment precedent and place a cloud of uncertainty over what DGA may say or do without fear of prosecution," the lawsuit filed in U.S. District Court in Connecticut said. It asked a judge to block the State Elections Enforcement Commission from enforcing its rules.
Wed, 23 Apr 2014 17:49:44 -0400
Pentagon dossier to detail secretive U.S. Afghan detainee policy
News ImageSome are suspected fighters from Yemen, Russia or Pakistan, arrested by U.S. forces in Afghanistan or elsewhere. Several have been linked to al Qaeda. As the U.S.-led war in Afghanistan winds down, the White House will soon provide Congress a dossier on about 50 non-Afghan detainees in a U.S. military prison north of Kabul. Their uncertain fate presents sensitive security and legal problems for the Obama administration in an echo of Guantanamo Bay.
Wed, 23 Apr 2014 18:38:25 -0400
Vote delayed on loan guarantee for World Trade Center developer
News ImageBy Hilary Russ NEW YORK (Reuters) - The board of the Port Authority of New York & New Jersey on Wednesday delayed a scheduled vote on whether to provide $1.2 billion in loan guarantees to World Trade Center developer Larry Silverstein, the latest holdup for the project. The request from Silverstein, who needs Port Authority backing to secure a construction loan for 3 World Trade Center, the complex's next skyscraper, recently became entangled in a debate over the agency's mission after the "Bridgegate" scandal rocked New Jersey Governor Chris Christie's administration. Wednesday's delay came after the Port Authority's chief of staff told the board he had not yet brokered a good enough deal to recommend approval. The loan guarantee is meant to be part of an agreement that would provide hundreds of millions of dollars more to the Port Authority and allow it to foreclose on the $2.4 billion tower if Silverstein cannot pay debt service costs.
Wed, 23 Apr 2014 17:52:56 -0400
Nate Silver or Not, GOP Looks Good
News ImageThe tempest over his projection that Republicans will take the Senate forgets probability isnt prediction and that the White House party usually loses in its sixth year.
Wed, 26 Mar 2014 16:00:00 -0400
Yes, Lincoln Wouldve Done Ferns
News ImageBill OReilly attacked President Obama for making a viral video, saying the Great Emancipator wouldnt stoop so low. History proves the opposite.
Wed, 12 Mar 2014 13:48:00 -0400
For Obama and Boehner, just maybe, a way forward
News ImageThe latest snowfall was a bigger story in Washington this week than Tuesdays private meeting between the estranged president and House speaker their first in more than a year. Since Barack Obama recently signaled he has all but given up on legislating with Republicans, and since John Boehner has flat out said he cant trust the president, the assumption in Washington is that the chances for big legislation anytime soon are basically zero, whether the White House breaks out the good china or not.
Thu, 27 Feb 2014 06:12:34 -0500
John Kerry finds his calling
News ImageTen years ago this week, John Kerry barely held off John Edwards in Wisconsins Democratic primary, prolonging for another few weeks his plodding, uninspiring march to the partys presidential nomination. Kerry went on to lose an eminently winnable election, after which most Democrats in Washington expected him to disappear, like Walter Mondale or Michael Dukakis.
Thu, 20 Feb 2014 06:53:54 -0500
In New York, real populism and real choices
News ImageDemocrats in Washington dont have to worry much about the kind of fratricidal disorder that plagues the modern Republican Party. But neither should they take too lightly the intraparty breach that seems to be widening in New York, where the mayor of the nations biggest city is staring down the governor of its third largest state.
Thu, 13 Feb 2014 06:55:34 -0500
Obama offering Japan security, economic assurances
News ImageTOKYO (AP) Facing fresh questions about his commitment to Asia, President Barack Obama will seek to convince Japan's leaders Thursday that he can deliver on his security and economic pledges, even as the crisis in Ukraine demands U.S. attention and resources elsewhere.
Wed, 23 Apr 2014 21:18:00 -0400
NTSB head: Action needed now on oil train safety
WASHINGTON (AP) The Obama administration needs to take steps immediately to protect the public from potentially catastrophic oil train accidents even if it means using emergency authority, National Transportation Safety Board Chairman Deborah Hersman said Wednesday. Wed, 23 Apr 2014 19:48:41 -0400
Rail safety effort marred by squabbling
News ImageWASHINGTON (AP) Spurred by a series of fiery train crashes, a push by government and industry to make safer tank cars used for shipping crude oil and ethanol has bogged down in squabbling and finger-pointing over whether they're needed and if so, who should pay.
Wed, 23 Apr 2014 19:40:32 -0400
Defense: FBI probe in 9/11 trial has implications
FORT MEADE, Maryland (AP) The defense team for five people facing trial before a war crimes tribunal stemming from the Sept. 11, 2001 terror attacks claimed the implications of the FBI's questioning of one of its members are "staggering" and called on the court to probe the incident aggressively, according to a motion unsealed on Wednesday. Wed, 23 Apr 2014 19:19:48 -0400
Hagel seeking to deepen US-Mexico ties
News ImageMEXICO CITY (AP) U.S. Defense Secretary Chuck Hagel said Wednesday he is exploring ways to deepen U.S.-Mexican defense ties, including the possibility of training exercises with Mexican forces.
Wed, 23 Apr 2014 18:57:47 -0400
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