George Lemieux News
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Richard Lugar of Indiana, a six-term Senate veteran and one of the most influential lawmakers on foreign affairs, lost in a primary that underscored the dominance of anti-tax Tea Party activism against established Republican party leaders.
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Standard & Poor’s president Deven Sharma comments on a U.S. proposal, offered by Senator Al Franken, Democrat of Minnesota, and approved in May by the Senate, to let regulators decide who rates asset-backed securities.
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Former Florida House Speaker Marco Rubio , propelled to the Republican nomination by Tea Party support, was elected to the U.S. Senate, the Associated Press projected.
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President Barack Obama scored a political victory by pressuring BP Plc to commit $20 billion for damages from an environmental disaster that’s weighing on his presidency as the company struggles to contain thousands of barrels of oil flowing into the Gulf of Mexico each day.
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Senate Democrats, in danger of losing control of the chamber next November, hold a cash advantage a year before the election as each of their most vulnerable incumbents banked at least $1 million and some have far more money on hand.
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The U.S. Senate approved a proposal to let regulators decide who rates asset-backed securities after investors said Standard & Poor’s and Moody’s Investors Service inflated assessments of mortgage bonds because the companies were paid by Wall Street firms selling the debt.
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Republicans aiming to seize control of the U.S. Senate face a challenge in their crowded field of primary candidates in some states. It’s a hazard of the party’s own making.
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Quirks in state election laws may reduce Senate Democrats’ majority right after the November election, making the always-difficult task of legislating during a possible lame-duck session even tougher.
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The Senate agreed to consider legislation that would cut taxes and ease credit for small businesses, ending months of delay for a measure proposed last year by President Barack Obama .
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The U.S. Senate approved legislation to cut taxes and ease credit for small businesses in a long-delayed victory for Democrats eager to show voters they are working to create jobs.
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