Senators in both parties said they are close to an agreement to authorize U.S. highway and mass transit projects for as many as six years, seeking to prevent funds from running out during the mid-year construction season.
U.S. Commodity Futures Trading Commission nominee Sharon Y. Bowen is facing renewed questions about her role in overseeing a panel that ruled against compensation for victims of R. Allen Stanford’s fraud.
The largest U.S. banks, including JPMorgan Chase & Co. and Citigroup Inc., have been able to borrow more cheaply in bond markets than smaller rivals, in part because of investor perceptions that they were too big to fail, according to a Federal Reserve Bank of New York researcher.
The Obama administration has proposed rules to determine which waterways and wetlands are regulated by the federal government, a plan praised by anglers and branded a land grab by a Republican senator.
President Barack Obama, who has vowed to make fighting global warming a focus of his remaining years in office, yesterday unveiled initiatives to mitigate what aides say are the effects of an already changing climate.