Gary Peters News
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Senate Armed Services Committee Chairman Carl Levin of Michigan said he won’t seek a seventh term, becoming the fourth Senate Democrat to announce plans to retire after 2014.
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Michigan Governor Rick Snyder’s formal declaration that a financial emergency besets Detroit started the clock ticking for city leaders who may want to try to block a state takeover. It gave them 10 days.
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Troy David Stratos, self-described movie producer and music impresario, was peeved.
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For congressional freshmen trying to win re-election, membership on the U.S. House Financial Services Committee has its rewards.
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Detroit’s population loss may leave Michigan without a black representative in Congress for the first time since 1955, a shift that would punctuate the erosion of African-American power in a region with a history of racial friction.
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The federal government’s role as the backer of most U.S. home loans is becoming entrenched as fiscal issues distract Congress and the White House from a housing- finance overhaul that would shift more risk to private capital, according to lawmakers and analysts.
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Brad Sherman and Howard Berman have served together in Congress for the past 15 years, Democrats from neighboring southern California districts with a lot in common. That seems about to end.
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The U.S. House Financial Services Committee approved legislation that would bar regulators from imposing margin, or collateral, requirements on commercial and manufacturing end-users of derivatives.
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U.S. Representative Todd Akin won the Missouri Republican Senate primary, setting up a Nov. 6 showdown with incumbent Democrat Claire McCaskill, who already has endured an onslaught of negative ads tying her to a president whose popularity has fallen in the state.
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Here is one clear lesson from the economic meltdown of 2008: Any future U.S. administration will intervene directly and heavily if faced with a potentially devastating economic crisis. Market purists might not like it, but it is a fact I witnessed firsthand at the Treasury Department during the George W. Bush administration.
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