Richard Shelby

by Frank James As expected, the House approved a $14 billion bailout package for the Detroit Three last night. That's the good news for auto workers, dealers, suppliers, communities, local media and all the others constituencies dependent on them. But.......

by Mark Silva JACKSONVILLE, Fla. -- Yes, Virginia, there is a Republican Party. For all the celebration of the electoral landslide that will land President-elect Barack Obama in the White House in January - for all the victories won by......

In 2001, Chuck Schumer was a co-sponsor with Phil Gramm of a bill (the Investor and Capital Markets Fee Relief Act of 2001) that cut Wall Street fees designed to finance SEC oversight operations that had been diverted to......

by Mark Silva A divided Congress has approved a $787-billion stimulus that President Barack Obama demanded as an essential boost for a stalled economy, with the Senate voting 60-38 tonight on a measure that earlier cleared the House by 246-183......

by Frank James If lawmakers liked what happened after Lehman Brothers collapsed, they'll really like what would happen if Citigroup failed. Sen. Richard Shelby, an Alabama Republican, said over the weekend federal officials should let Citigroup fail...

by Frank James It appears federal officials are declining to follow the advice of Sen. Richard Shelby (R-Ala.) who recently said Citigroup should be allowed to die. The Wall Street Journal is reporting that Obama Administration and Federal Reserve...

by Mark Silva Timothy Geithner, the somewhat embattled Treasury secretary whose strategy for settling the "toxic assets" clogging the nation's financial markets -- as Treasury's Henry Paulson and Federal Reserve Chairman Ben Bernanke warned at the close...

by Mark Silva Two months into the administration of the first African-American president, Liz Sidoti of the Associated Press takes a look today at some of the "old racial stereotypes and Internet-fueled falsehoods'' about President Barack Obama that...

by James Oliphant Heeding a call from President Obama and riding a wave of populist anger, the Senate today overwhelmingly passed a sweeping bill that promises to transform the relationship between consumers and their credit-card companies. The bill,...

by Mark Silva President Barack Obama, arguing that Wall Street created "a culture of irresponsibility,'' is calling on Congress today to create a new framework of federal financial regulation. "A culture of irresponsibility took root from Wall Street to...

by Julian E. Barnes, and updated again at 12:10 pm EDT The Obama administration will significantly alter plans to create a missile defense system in Eastern Europe, abandoning blueprints for a large ground-based radar and interceptors based in the Czech.....

by Jesse Hamilton The Senate duo that brought you the foreclosure prevention bill -- Sen. Chris Dodd and Sen. Richard Shelby, the ranking Republican on Dodd's banking committee -- has cranked out another bipartisan bill. This one, an expansion of......