POLITICS

NY governor's press secretary quits amid ethics probe Posted 36 minutes ago

NEW YORK (Reuters) - The press secretary for New York Governor David Paterson resigned on Wednesday amid ethics probes of her boss that have triggered the departures of other top aides. The Democratic governor's office confirmed that Marissa Shorenstein had resigned as press secretary and issued a statement naming Morgan ...More

Cybersecurity bill introduced in Senate Posted 1 hour, 26 minutes ago

WASHINGTON (Reuters) - A new version of a cybersecurity bill was introduced in the Senate on Tuesday that may eliminate some opposition to the measure from the tech industry. The bill would give the president a Senate-confirmed national security advisor to lead "all cybersecurity matters," whether in defense or civilian areas ...More

Lawmaker seeks new sanctions on Iran before May Posted 1 hour, 45 minutes ago

WASHINGTON (Reuters) - A key lawmaker said on Wednesday he wanted Congress to impose new sanctions on Iran by the end of April in concert with tough, new international action against Tehran over its nuclear work. "My goal is to get the bill to the president (for signing into law) in ...More

Senator asks drugmakers to explain prices Posted 3 hours, 20 minutes ago

WASHINGTON (Reuters) - A Senate Democrat asked top drugmakers on Wednesday to explain why Americans pay higher prices for prescription drugs than patients do in other developed nations. Senator Herb Kohl, who chairs the Special Committee on Aging, sent letters to AstraZeneca, GlaxoSmithKline, Eli Lilly, Novartis, Pfizer, and Sanofi-Aventis Kohl said ...More

U.S., India move to strengthen trade, investment ties Posted 3 hours, 36 minutes ago

WASHINGTON (Reuters) - The United States and India signed an agreement on Wednesday to strengthen trade and investment ties, following through on a pledge leaders of the two countries made last year. U.S. Trade Representative Ron Kirk and Indian Minister of Commerce and Industry Anand Sharma, whose countries have often ...More

U.S. urges ally Turkey to join Iran sanctions push Posted 3 hours, 48 minutes ago

WASHINGTON (Reuters) - The United States urged Turkey on Wednesday to support more sanctions against Iran over Tehran's nuclear program, saying Ankara could face consequences if it moves out of step with the international community. Assistant Secretary of State Philip Gordon, the State Department's top diplomat for Europe, said ...More

Obama says U.S., Ireland see economic stabilization Posted 4 hours, 9 minutes ago

WASHINGTON (Reuters) - President Barack Obama said on Wednesday that he and Irish Prime Minister Brian Cowen see signs of economic stabilization on both sides of the Atlantic but more work is needed for job creation. Obama spoke to reporters during a meeting in the Oval Office with the Irish prime ...More

Regulators to U.S. banks: tighten up on funding Posted 4 hours, 29 minutes ago

WASHINGTON (Reuters) - The Federal Reserve and other banking regulators jointly reminded financial institutions on Wednesday about the importance of managing their liquidity to avoid a repeat of the financial crisis. The 50-page policy statement said banks and other deposit-taking firms need to keep accurate projections of cash flows, do stress ...More

House panel to explore Lehman examiner report Posted 4 hours, 55 minutes ago

WASHINGTON (Reuters) - A House panel will hold a hearing exploring regulatory failures leading up to the collapse of Lehman Brothers, after a court-appointed examiner report found elaborate accounting tricks that helped to hide the investment bank's insolvency. Democratic Representative Mary Jo Kilroy and Republican Representative Spencer Bachus requested the ...More

Kucinich backs healthcare bill Posted 5 hours, 29 minutes ago

WASHINGTON (Reuters) - Democratic Representative Dennis Kucinich, saying he may be the "deciding vote," announced on Wednesday he will back the Senate-passed healthcare bill that President Barack Obama hopes to sign into law. Kucinich announced his support after Obama, seeking to win final passage of the measure in what is likely ...More

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