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'Dramatic decline' warning for plants and animals

decline in plants and animalsMore than half of common plant species and a third of animals could see a serious decline in their habitat range because of climate change.

New research suggests that biodiversity around the globe will be significantly impacted if temperatures rise more than 2C. But the scientists say that the losses can be reduced if rapid action is taken to curb greenhouse gases.

The paper is published in the journal, Nature Climate Change.

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Warren: Student-Loan Rate Should Be Same as Banks

Elizabeth WarrenSen. Elizabeth Warren introduced her first standalone piece of legislation Wednesday, calling for the government to give student borrowers the same deal it gives big banks when they need a loan.

The measure would allow students who are eligible for federally subsidized Stafford loans to borrow at the same rate that banks get from the Federal Reserve when they need a short-term infusion of cash from the central bank’s discount window.

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Gay rights amendment offered to immigration bill in Congress

Patrick LeahyU.S. Senate Judiciary Committee Chairman Patrick Leahy on Tuesday proposed a gay rights amendment to the Senate's immigration bill, prompting one of the measure's Republican sponsors to repeat his prediction that it could sink the legislation.

"It'll kill the bill," Florida Senator Marco Rubio said in a brief interview. "There is a coalition of groups who are supporting immigration reform who will not support it if that's in there."

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Online sales tax clears Senate, fight seen in House

Online taxThe Senate voted overwhelmingly on Monday to give states the power to enforce their sales tax laws on online purchases, but the legislation faces a tougher fight in the Republican-controlled House of Representatives.

The Democratic-controlled Senate voted 69 to 27 to back the measure, which pits brick-and-mortar stores like Wal-Mart Stores Inc and cash-hungry state governments against such Web retailers as eBay Inc and Republicans wary of new tax measures.

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Army says no to more tanks, but Congress insists

Abram tanksThe Army's hulking Abrams tank was built to dominate the enemy in combat. It's proving equally hard to beat in a budget battle.

Republicans and Democrats joined forces to add $436 million to the military's budget over the past two years for dozens of improved versions of the 70-ton Abrams that Army officials say they don't need.

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Congress sends Obama bill to end airport delays caused by furloughs

air control towerThe House of Representatives on Friday approved and sent to the president legislation intended to end a week of turmoil at several of the nation’s major airports, where the sequestration furlough of air traffic controllers caused long delays for thousands of passengers.

The vote came 16 hours after the bill won unanimous support in the Senate, and the White House said the president would sign it.

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Too-Big-to-Fail Bill Seen as Fix for Dodd-Frank Act’s Flaws

Too big to fail“Too-big-to-fail” legislation unveiled in Washington today is needed to rein in the biggest U.S. banks because the Dodd-Frank Act has failed to guard taxpayers against future bailouts, the bill’s sponsors said.

The four largest banks -- JPMorgan Chase & Co. (JPM), Bank of America Corp., Citigroup Inc. and Wells Fargo & Co -- “are nearly $2 trillion larger than they were” before getting U.S. aid to help them weather the 2008 credit crisis, Senator Sherrod Brown said in a news conference today.

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