The U.S. Chamber of Commerce is pouring money into a television advertising campaign defending Senate Minority Leader Mitch McConnell of Kentucky, whose primary fight against a Tea Party-backed rival is shaping up as a test of establishment efforts to reclaim the Republican Party.
Heritage Action, the angry conservative id that has swallowed the Heritage Foundation (and much of the House Republican Conference) whole, just announced that it will treat Janet Yellen’s nomination for chairman of the Federal Reserve as a “key” vote. The designation is intended to pressure Republican senators, who presumably risk being labeled soft on monetarism if they vote to elevate Yellen.
With less than three weeks until their deadline, U.S. budget negotiators have yet to break an impasse over revenue, prompting lawmakers to draft plans to blunt $19 billion in defense cuts set to start in January.
The most significant change in three decades in how the Senate approves presidential nominees could make one of the least productive Congresses even more gridlocked, endangering efforts to raise the nation’s debt ceiling and fund the government, Republicans say.
The U.S. Senate changed its rules to let a simple majority confirm most presidential nominees, defying opposition from Republicans who called it the most dangerous revision of its process in more than two centuries.
Senate Majority Leader Harry Reid said he’s weighing a change to the chamber’s rules on handling nominations after Republicans blocked three of President Barack Obama’s choices for a federal appeals court in the past month.
Skadden, Arps, Slate, Meagher & Flom LLP advised Devon Energy Corp., which will buy closely held GeoSouthern Energy Corp.’s Eagle Ford assets for $6 billion in cash, expanding its shale holdings in one of the most prolific oil basins in the U.S.
Senate Majority Leader Harry Reid may move ahead with changing rules on nominations as soon as today in response to Republicans’ blocking three of President Barack Obama’s choices for a federal appeals court.
Senate Republicans blocked the last of President Barack Obama’s three nominees to a federal appeals court that oversees some of the nation’s biggest business cases, dealing a blow to his efforts to reshape the panel.