Al Franken

Al Franken News

Reid Says Immigration Bill to Reach Senate Floor in June

Senate Majority Leader Harry Reid said he will bring the “strong bipartisan” immigration bill approved by the Senate Judiciary Committee to the chamber’s floor in June.
Ratings Shopping Revived in Asset-Backed Rebound: Credit Markets

Almost six years after the start of the worst financial crisis since the Great Depression, bond issuers are again exploiting credit ratings by seeking firms that will provide high grades on debt backed by assets from auto loans to office buildings considered inappropriate by rivals.
Kroll Says S&P, Moody’s Putting Profits Ahead of Accuracy

Jules Kroll, a former private investigator who started a bond-rating company after the financial crisis, said the largest credit-rating firms are again putting profits ahead of accuracy amid record demand for corporate debt.
Senators of Both Parties Seek Changes to Immigration Bill

A Republican senator wants to limit the number of immigrants granted permanent U.S. residency, while a Democratic senator is seeking protection for same-sex couples as part of legislation to revise immigration laws.
Altering Immigration Bill Risks Losing Senators’ Votes

Democrats and Republicans alike are seeking alterations in the Senate immigration proposal that may imperil the bill as the Judiciary Committee begins considering as many as 300 amendments.
Fitch Ratings Says Bond Defaults Don’t Mean Grades Are Wrong

Fitch Ratings, the third-largest credit rater, is telling investors that bond defaults aren’t an indication that its grades are “wrong.”
FDA Gains Authority Over Drug Compounders in Senate Plan

Compounding pharmacies would have to register with the Food and Drug Administration and list the products they’ve made under legislation being considered by U.S. senators in response to last year’s meningitis outbreak.
Senator Seeks Probe of Comcast for Naming NBC Managers Before Deal Cleared

U.S. Senator Al Franken , a former NBC comedian, asked federal officials to investigate whether Comcast Corp. violated antitrust law by naming new managers at NBC Universal as regulators weigh the purchase.
Franken Questions Facebook on Facial Recognition Feature

Facebook Inc. should do more to inform users about its use of facial recognition technology and what it’s doing with its growing database of photos, U.S. Senator Al Franken said today.
Location-Tracking Apps Would Need Permission in U.S. Bill

Smartphones, mobile applications and in-car navigation devices would be required to get permission from consumers before collecting and sharing location data under legislation to be considered by a U.S. Senate committee this week.