A handful of toss-up U.S. Senate races next week could hold the key to whether the stock market glides through the year-end in a typical post-midterm election rally or gets hit with a fresh bout of volatility.
Tags: Republicans
Wall Street scores a win in Washington, eyes more victories
Five years after President Barack Obama slammed Wall Street "fat cat" bankers, some of the nation's biggest banks this week successfully lobbied Congress to roll back a hotly debated provision in the 2010 Dodd-Frank financial reform law.
U.S. Senate aims to vote Monday on $1.1 trillion spending bill
The U.S. Senate on Friday struggled to pass a $1.1 trillion spending bill that would avert a looming federal government shutdown, postponing a vote until Monday when procedural hurdles begin to evaporate.
Obama sketches 2015 agenda of taxes, trade; meets McConnell
President Barack Obama on Wednesday laid out a business-friendly legislative agenda for next year that hinges on whether he and the new Republican Congress can set aside long-simmering disputes and find common ground.
In blow to tax negotiators, Obama threatens veto
President Barack Obama pledged on Tuesday to veto a deal still under negotiation in Congress that would make several expiring business tax breaks permanent.
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The two-year U.S. budget deal approved by the U.S. Congress Wednesday gives both Democrats and Republicans something to brag about, starting with the mere fact that they did it.
In a 254-159 vote, the US House of Representatives passed a legislation exempting private equity firms from provisions in the 2010 Dodd-Frank Wall Street Reform Law. However, a similar action is not expected from the Democrat-dominated US Senate.
Democrats urged Republicans to limit tax breaks, executive stock options and other tax preferences enjoyed by hedge fund managers and private equity advisers.
US President Barack Obama had urged the Congress to move along with other agendas after reaching a deal to end the partial shutdown of the country.
A few glimmering hope had surfaced on Monday in the middle of the US partial shutdown as US President Barack Obama said he would accept a short term increase in the nation's debt ceiling, said a Reuters report.
The Chairman and CEO of Berkshire Hathaway Warren Buffett had called out the Republicans for their tactics that caused the current impasse.
The US government shutdown had started its first day after 17 years after US President Barack Obama and congressional Republicans failed to settle the budget issue before the deadline on Tuesday, said a Reuters report.
The US Congress had one more day left before ending the budget stalemate as risks were dramatically increased in the first US government shutdown.
A waging battle on budget between Democrats and Republics was held last October 1 that was seen to threaten a government shutdown.
