The chairman of the Senate banking committee on Tuesday proposed to dramatically overhaul the regulatory system by consolidating bank agencies, creating a consumer financial protection agency and imposing new restraints on exotic financial instruments and credit rating agencies.
The 1,136-page plan by Senator Christopher J. Dodd, a Connecticut Democrat, differs in major respects from both the White House and House plans. Even before it was made public, it had encountered sharp resistance from Republicans and powerful business interests in Washington.
The US Senate has approved a $95bn (£76bn) foreign aid package that includes military support for...
Mike Gallagher has suggested that he is resigning from his seat in Congress because of death...
The House approved a set of long-awaited foreign aid bills on Saturday that would send funds...
