LUISIANA GOVERNOR BLANCO TESTIFIES IN SANATE ON HURRICANE KATRINA
Rep. Spencer Bachus, R-Ala., shoes a video cassette about Harricane Katrina during the Senate financial committee hearing on Capitol Hill in Washington, September 28, 2005. (UPI Photo/Yuri Gripas)....
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Federal Reserve Chairman Ben Bernanke tussled with senators on how to rouse a weakening U.S. economy and was to face House lawmakers on the issue Wednesday.
U.S. Federal Reserve Chairman Ben Bernanke left out specifics Tuesday but said the central bank was prepared to take further steps to stimulate the economy.
Five U.S. House incumbents face primary challenges in Alabama and Mississippi Tuesday, even as most attention was expected to be on the GOP presidential race.
A Texas-based group spent nearly $190,000 targeting incumbents in two Ohio congressional primaries, the founder of the group said.
Rep. Spencer Bachus, R-Ala., is the subject of an ethics investigation into possible insider-trading violations, The Washington Post reported Friday.
A U.S. House energy and commerce committee Wednesday scheduled a hearing next week that some see as a first step toward legalized Internet gambling.
Expanding legal Internet gambling in the United States is a long shot now that Congress is more heavily Republican, gaming industry experts say.
Republicans in Congress says they will revisit financial reform legislation passed this year under Democratic control of the U.S. House of Representatives.
Republican U.S. Sen. Richard Shelby was re-elected and GOP nominee Robert Bentley won the governorship in Alabama Tuesday.
A top congressional Republican who supported the 2008 federal bailout says new Democratic legislation for financial reform sets up future U.S. bailouts.
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