The U.S. Senate passed a bill Thursday designed to spur small-business lending by providing financial incentives to banks that make loans to smaller companies, marking a victory of sorts for an Obama administration attempting t…
The White House is exploring ways that Warren could run the bureau without having to go through a confirmation battle, leading to reports that Obama will use a recess appointment. But that would last only until the end of 2011….
Obama nominated Diamond, an MIT economist, in April, but the nomination failed to carry over through the Senate’s summer recess because of objections from at least one lawmaker.
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Senate Republicans will likely block President Barack Obama’s plan to effectively increase taxes for the wealthiest U.S. citizens by allowing a tax cut enacted by George W. Bush’s administration to expire at year end.
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