Politics - Bloomberg

Dec. 15 (Bloomberg) -- Proposals in Congress to trim the Federal Reserve’s powers and subject it to greater scrutiny mean Chairman Ben S. Bernanke may have to think twice about raising rates in 2010 as long as unemployment stays high. Full Story »

(Corrects attribution of quote in 22nd paragraph.) Full Story »

Dec. 15 (Bloomberg) -- Paul A. Volcker visited nine cities in five countries in the past eight weeks to warn that bankers and regulators “have not come anywhere close to responding with necessary vigor” to the worst economic crisis in 70 years. Full Story »

Dec. 15 (Bloomberg) -- The U.S. House will approve a $75 billion jobs measure and a two-month increase in the $12.1 trillion federal debt limit, Majority Leader Steny Hoyer said today. Full Story »

(Corrects spelling of Reed in 16th paragraph.) Full Story »

Dec. 15 (Bloomberg) -- Senate Democrats said they are leaning toward passing a health-care overhaul plan without a new government-run insurance program or an expansion of the Medicare program for the elderly. Full Story »

Dec. 15 (Bloomberg) -- The U.S. House is considering reinstituting the Depression-era Glass-Steagall Act, which barred bank holding companies from owning other financial companies, Majority Leader Steny Hoyer said today. Full Story »

Dec. 15 (Bloomberg) -- Proposals in Congress to trim the Federal Reserve’s powers and subject it to greater scrutiny mean Chairman Ben S. Bernanke may have to think twice about raising rates in 2010 as long as unemployment stays high. Full Story »

Dec. 15 (Bloomberg) -- The U.S. Congress is moving toward a stopgap measure to prevent the federal estate tax from expiring Dec. 31, postponing a broader fight over levying the fortunes of multimillionaires when they die. Full Story »

Dec. 15 (Bloomberg) -- The Obama administration will announce today that it has picked the Thomson Correctional Center in western Illinois to house some detainees now held in Guantanamo Bay, Cuba, an administration official said. Full Story »