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Senate advances STOCK Act to end congressional insider trading

The Senate voted Monday to begin debate on legislation that prohibits lawmakers and their staff from trading stocks based on information they learn during congressional briefings and related work. In a rare show of bipartisan support, the Senate advance the Stop Trading on Congressional Knowledge Act, or STOCK Act by…

Congress reaches deal to avoid shutdown

WASHINGTON — US lawmakers clinched a deal to avoid a government shutdown that could have further undermined public confidence in American leaders, congressional sources said. Negotiators from the Republican-controlled House of Representatives and the Democrat-dominated Senate agreed to allow a vote by Friday on a $1 trillion bill that would…

Human rights attorney calls on Senate to nix indefinite detention provision

Raha Wala, an attorney with Human Rights First, said Wednesday that the Senate should take up eliminating legislation regarding new rules for detaining terrorist suspects as its first order of business. A provision in the National Defense Authorization Act (NDAA), which the Senate is debating this week, would authorize the…

Warren debates rivals in Massachusetts Senate race

BOSTON – Consumer advocate and former Obama administration official Elizabeth Warren squared off with Democratic rivals in her first political debate on Tuesday as she campaigns to unseat Republican Scott Brown in next year’s Massachusetts Senate race. Democrats are eager to take back the seat Brown won in an upset…

Former WI Gov. Tommy Thompson files for Senate race

Tommy Thompson, the former governor of Wisconsin, officially filed his paperwork to become a Republican candidate for the state’s Senate seat in 2012, his campaign confirmed to Raw Story. Thompson filed his Statement of Candidacy with the Federal Election Commission Tuesday, the final step that establishes him as a candidate.…

China says ‘firmly opposes’ U.S. Senate currency bill

China said Tuesday it “firmly opposed” a US Senate bill aimed at punishing Beijing for its alleged currency manipulation, which is expected to make its final passage later this week. The bill — which comes 13 months ahead of US elections in which high unemployment is likely to be an issue — sets…

Obama wants jobs bill vote this month

US President Barack Obama on Monday piled new pressure on Congress to pass his $447 billion jobs bill, saying he wanted Congress to vote on the measure this month. The president said in a cabinet meeting that it was time for lawmakers to act on the plan, a mix of…

Warren, Brown in dead heat: poll

Consumer advocate Elizabeth Warren is in a dead heat with Sen. Scott Brown (R-MA) in the latest poll results for the 2012 election for a Massachusetts Senate seat. The poll, conducted by University of Massachusetts-Lowell and the Boston Herald, shows Democrat Warren polling at 38 percent, trailing Brown’s 41 percent.…

Republicans seeking to ‘thwart change’: Geithner

Treasury Secretary Timothy Geithner blamed Republican lawmakers for seeking to weaken reforms that he says have strengthened the US financial system after the 2008 economic meltdown. “Where are we today, a year since the Wall Street Reform and Consumer Protection Act was signed into law?” Geithner wrote in an opinion…

U.S. House to hold symbolic debt vote

Defying a White House veto threat, US lawmakers vote Tuesday on a “Tea Party”-backed plan requiring draconian cuts in government spending as the price to avert a ruinous early August debt default. The Republican-led House of Representatives was to take up a “Cut, Cap, and Balance” blueprint to raise the…

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