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A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch, but a bank board member said much pressure was applied and Republicans charged that a committee inquiry was covering up the role of an Obama administration official.
A House Democrat is accusing President Barack Obama of dehumanizing illegal immigrants with his hard-line stance against allowing them to benefit from pending health overhaul legislation.
The House Financial Services Committee has voted to set new rules for credit rating agencies, which lawmakers say misled investors by giving high marks to risky securities tied to subprime mortgages.
The Pentagon has given Boeing Co. an "unfair" advantage in the latest competition for a troubled $35 billion tanker contract, a Northrop Grumman Corp. executive said Tuesday.
The World Trade Organization's ruling that European loans for Airbus were illegal subsidies is being cheered by U.S. lawmakers loyal to the Boeing Co., even though the preliminary decision may seem outdated now that government subsidies, bailouts and takeovers are common.
A top House Democrat is investigating whether the nation's largest health insurers have deliberately canceled coverage for small businesses after their employees became sick and sought expensive treatment.
A senior House Democrat threatened banks Wednesday that if they don't volunteer to save more homeowners from foreclosure, Congress will make them.
A House panel voted Tuesday to prohibit large financial firms from offering corporate pay packages that encourage executives to take big risks, going further than what President Barack Obama wanted to curb excessive salaries and bonuses on Wall Street.
The senior House Democrat in charge of overhauling the nation's banking regulations warned Monday that foreign banks would be denied access to the U.S. system if they become an "escape hatch" for risky investments.
The Pentagon and Congress all but dared each other Thursday to a showdown over funding for fighter jets in a multimillion-dollar squabble that each side said they were fighting in the interests of U.S. security.
A key House Democrat on Tuesday criticized so-called fiscal conservatives for approving millions of dollars for an outdated weapon system, while complaining about ballooning deficits.
New questions surfaced Wednesday about the accuracy of a CIA document meant to settle who in Congress knew about severe interrogation methods approved by the Bush administration.
The Senate lined up to advance the $827 billion economic stimulus legislation backed by the White House on Monday, and Democratic leaders vowed to deliver a bill to President Barack Obama's desk within days.
A top House Democrat who is a leading critic of the Iraq war says he would have no qualms about transferring Guantanamo detainees to a prison in his Pennsylvania district.
Rep. Bobby Rush says he doesn't think any U.S. senator would be caught turning a black man away from serving alongside them.
Former White House Counsel Alberto Gonzales misled Congress when he claimed the CIA in 2002 approved information that ended up in the 2003 State of the Union speech about Iraq's alleged effort to buy uranium for its nuclear weapons program, a House Democrat said Thursday.
Several reports due Wednesday are expected to provide more evidence that consumers are cutting back on spending and companies are eliminating jobs in the face of a deepening recession.
Three months after the government seized control of Fannie Mae and Freddie Mac, lawmakers on Tuesday blamed former top executives at the mortgage giants for fueling the financial market turmoil that has dragged the country into a recession.
A bill to rescue the troubled auto industry with $25 billion in emergency loans inched forward Friday when Majority Leader Harry Reid said the Senate will begin debate Monday and hold a test vote two days later. Supporters scrambled for votes to break an expected filibuster.
Frantically trying to stop the bleeding on Wall Street, the Federal Reserve took a first-time step Tuesday to get cash directly to businesses and hinted that interest rates could come down soon. Stocks continued their free fall anyway and hit new five-year lows.
Uncle Sam has just become the 800 pound gorilla in the U.S. mortgage market. The Bush administration is seizing troubled mortgage giants Fannie Mae and Freddie Mac in a bid to help reverse a prolonged housing and credit crisis.
The U.S. ambassador to Albania allegedly approved removing evidence of the illegal Chinese origins of ammunition being shipped from Albania to Afghanistan by a U.S. defense contractor, a senior House Democrat said Monday.
Federal prosecutors should open a criminal investigation into the deaths of nine people in a Utah mine collapse last year, a leading House Democrat said Thursday.
A key House Democrat is calling for tougher and broader regulations of the financial system after the fall of investment bank Bear Stearns.
A senior House Democrat has called for a wide-ranging federal investigation into Blackwater Worldwide, alleging that the private security contractor violated tax and labor laws by classifying its guards as independent contractors rather than company employees.
"Sending kids to Iraq to get their heads blown off for the President's amusement."Excerpts: A House Democrat accused Republicans Thursday of sending troops to Iraq to "get their heads blown off for the president's amusement."
Hawkish Democrat Calls for Iraq PulloutAn influential House Democrat who voted for the Iraq war called Thursday for the immediate withdrawal of U.S. troops from Iraq, another sign of growing unease in Congress about the conflict.
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