An aspect of U.S. tax law is being criticized by some lawmakers and consumer groups concerned that it may be worth billions of dollars for JPMorgan Chase & Co in negotiations with the Department of Justice.
Prospects are good that Congress will make a down payment on reducing the budget deficit in an end-of- year session if President Barack Obama is re-elected and Democrats retain control of the Senate, Jack Reed, a member of the chamber’s Banking Committee, said.
The Obama administration should pursue diplomacy concerning the violence against Sunni civilians in Syria because the potential costs of military intervention are too great, said U.S Senator Jack Reed.
Janet Yellen’s nomination as chairman of the U.S. Federal Reserve probably will face little resistance in the Senate, a contrast to Lawrence Summers, whose candidacy sparked a rebellion among Democratic lawmakers.
Senator Jack Reed said that the selection of Tom Donilon, who lacks military experience, as U.S. national security adviser won’t harm ties with the Pentagon. Reed, a Rhode Island Democrat, spoke in an interview on Bloomberg Television’s “Political Capital with Al Hunt ,” airing this weekend,
Democratic U.S. Senator Jack Reed of Rhode Island said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, that the U.S. should pursue diplomacy over violence against Sunni Muslim civilians in Syria because the potential costs of military intervention are too great.