Democrats in the US Congress have launched a campaign to revoke America’s controversial ban on internet gambling which thrust the gaming industry into disaster last year and prompted the arrest of several British executives. Barney Frank, the chairman of the House financial services committee,[...]
Posts Tagged ‘US Congress’
May 5th, 2012 - 1:13 pm § in News Of Economy
Democrats launched move to repeal US online gambling ban
April 29th, 2012 - 12:26 pm § in News Of Economy
US Senate passes bill to give FDA sweeping powers on drug monitoring
The US Senate has overwhelmingly passed legislation that will provide the Food and Drug Administration sweeping powers to supervise and regulate drug safety, order changes in drug labels, regulate advertising and restrict the use and distribution of medicines found to pose serious threats to consume[...]
April 19th, 2012 - 9:29 am § in News Of Economy
Congress finally increases minimum wage, cut taxes
Congress has finally approved the federal minimum wages bill, which is first in a decade, and it’s now on the President’s table for approval before becoming a law. Congress ruling democrats fulfilled their promise to increase wages, which they made during November’s election. The p[...]
April 13th, 2012 - 7:08 am § in News Of Economy
US Senators proposed protectionist sanctions against China, Paulson unmoved
The US Congress last night increased pressure on the White House to enforce protectionist measures against Chinese imports after the Bush administration shown its apprehension to accuse Beijing of maneuvering its currency. Even though the half-yearly currency report by the US Treasury has employed i[...]
April 12th, 2012 - 7:06 am § in News Of Economy
US Senators proposed protectionist sanctions against China, Paulson unmoved
The US Congress last night increased pressure on the White House to enforce protectionist measures against Chinese imports after the Bush administration shown its apprehension to accuse Beijing of maneuvering its currency. Even though the half-yearly currency report by the US Treasury has employed i[...]
April 9th, 2012 - 6:35 am § in News Of Economy
US Congress mulls over impact of proposed tax legislation
Private equity industry lobbyists are trying hard to weaken an attempt in the US Congress to block the industry’s access to one tax loophole. According to a legislation tabled last week by US Senators Max Baucus and Chuck Grassley, publicly traded partnerships would be taxed at the corporate r[...]
February 5th, 2012 - 2:04 pm § in News Of Economy
US Treasury says bill on China forex could boomerang, Paulson adds pressure on Beijing
Amid escalating pressure and intensified lobbying against China in the US, Treasury Secretary of US, Henry Paulson once again urged China to permit its currency to appreciate faster, at the same time, also raising product-safety and environmental issues during the recently held meetings with senior [...]