Topic: Richard Shelby
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Gallery: Famous political party switches
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Suspect arrested in ricin-laced letters case
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.
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Is Washington working? How Congress took a big step forward this week.
In a marked change of tone on Capitol Hill, the House Republican and Senate Democrat who hold Congress' purse strings made headway toward avoiding a March 27 government shutdown.
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What Congress has to do to avert a late-March government shutdown
Political leaders on both sides of the aisle stressed on Tuesday a commitment to reach a budget deal that avoids a government shutdown after March 27, when funding expires. But they are at the starting line.
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Why March 1 isn't Congress's last chance to amend 'sequester' cuts
True, $85 billion in spending cuts kick in on March 1, but they won't be widely felt for several weeks. Meanwhile, funding for government operations expires March 27. The two fiscal issues could be rolled into one, but a top GOP appropriator sees that as a recipe for disaster.
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NATO meeting: Chuck Hagel misses his debutant ball
With the nomination of Chuck Hagel in limbo, Defense Secretary Leon Panetta travels to Brussels to warn other NATO defense chiefs about effects from US budget battles.
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What Jamie Dimon told Congress: four key points
Before the Senate Banking Committee, Jamie Dimon, JP Morgan's CEO, apologized again for the firm's $2 billion loss last month. Here are some nuggets from his two hours of testimony.
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Why GOP vows to block Obama nominee for consumer-watchdog agency
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.
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Think getting tough with China will solve our jobs problem? Think again.
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.
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Want real financial reform for Wall Street? Do this.
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.
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After Senate passage, what's next for 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.
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Three banking reforms the White House doesn't support – but should
The White House should stop pandering to Wall Street and support these three critical banking reforms.
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Gallery: Famous political party switches
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Republicans relent, clear financial reform bill for debate
After three days of blocking tactics, Republicans allowed the financial reform bill to proceed. What's next? Weeks of amendments as Republicans – and some on the left – try to change the bill.
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Why financial reform bill is stalled - and why it isn't dead yet
The financial reform bill did not get enough votes to open debate in the Senate Monday. But there appears to be progress behind the scenes, and the bill could resurface this week.
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Federal Reserve gets supercharged in Dodd's new financial regulation plan
New financial regulation plan introduced by Sen. Christopher Dodd greatly expands role of the Federal Reserve.
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Obama's budget would scrap NASA's moon mission
President Obama's budget for NASA seeks to end its back-to-the-moon program, rely more heavily on private companies, and invest in new technologies for human space exploration.
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Bernanke vote in the Senate gives Fed chairman another term
Senators approved a second term for Federal Reserve Chairman Ben Bernanke Thursday to avoid turmoil in world financial markets. But the Bernanke vote saw 30 members oppose his nomination.
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Bernanke vote: Bipartisan Senate support is key
Federal Reserve Chairman Ben Bernanke has come under fire for his support of the Wall Street bailout. But Thursday's Bernanke vote is also expected to reveal that he enjoys bipartisan support in the Senate.
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Chris Dodd: How much did Wall Street give him?
Chris Dodd announced Wednesday he would not be seeking a sixth term, ending a career helped by massive campaign contributions from Wall Street.
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Senate health care vote: 'defining' moment or 'abomination'?
Seldom, if ever, in US history has the partisan divide on such a big legislative step been so stark. The 60-to-39 Senate health care vote along party lines may make it far more difficult for the Senate to work on issues that lie ahead.
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Fed's Ben Bernanke wins committee approval, but tougher road ahead
Ben Bernanke faces a tougher path to winning a second term as chairman of the Federal Reserve after a Senate committee's 16-to-7 approval vote.
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Senators grill Fed’s Ben Bernanke over bank bailouts
At confirmation hearings for Fed Chairman Ben Bernanke Thursday, some senators decried bailouts of 'too big to fail' firms. Others said the economy would be in worse shape without the Fed’s actions.
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Outlook for Fannie Mae, Freddie Mac still troubled a year later
Fannie Mae and Freddie Mac remain insolvent, and their share prices could fall to zero, one private-sector investment firm concludes.
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Washington is not funny. Except Joe Biden.
Jokes rarely fly in the nation’s capital.
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What is the ACORN controversy about?
Here are the basics about ACORN and about the videos that have put the organization in hot water.
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