Sen. Richard Shelby of Alabama - Democrat to Republican: Richard Shelby, the senior senator from Alabama, switched parties on Nov. 9, 1994, one day after the ‘Republican Revolution’ in which the GOP became the majority in the 104th Congress. Shelby’s switch gave Republicans 52 Senate seats. Here, Shelby talks to reporters on Capitol Hill in Washington on April 28.
According to the FBI, a Mississippi man was arrested for sending possibly poisonous letters to President Barack Obama and Senator Roger Wicker. There were other reports of mysterious packages in Senate office buildings and in senators' offices in their home states. Authorities are continuing to investigate the suspicious materials.
The sweeping financial reform legislation passed by Congress a year ago created the Consumer Financial Protection Bureau. President Obama nominated its first director Sunday, but Republicans are against the structure of the entire agency.
The American government hints at trade sanctions against China, but those won't address the core problems: China needs to keep its people employed, and America needs its consumers to start consuming.
Senator Lincoln wants to stop big banks' risky derivative trades from being subsidized by taxpayers. Here's how to keep her measure in the financial reform bill.
Negotiations with the House over the final financial reform bill are expected to be more transparent than they were with health-care reform. Exemptions or special deals sought by industry lobbyists are likely to stir intense debate.