Tag: US House of Representatives

US owes India USD 216 billion as American debt soars to USD 29 trillion: lawmaker

The US, the world’s largest economy, owes India USD 216 billion in loan as the country’s debt grows to a record USD 29 trillion, an...

Farm protest: Congressional India Caucus leadership urges India to allow peaceful demonstration | India News

WASHINGTON: The leadership of the powerful Congressional India Caucus has urged the Indian government to ensure that the norms of democracy are maintained and the...

US House passes resolution asking Pence to invoke 25th Amendment to remove Trump from office

Washington: The Democratic-controlled US House of Representatives, which is rushing ahead towards impeaching Donald Trump over the unprecedented Capitol Hill attack, has passed a resolution...

Nancy Pelosi: Nancy Pelosi reelected as speaker of US House of Representatives

WASHINGTON: Congresswoman Nancy Pelosi has been narrowly reelected as the speaker of the US House of Representatives for the 117th Congress. Pelosi, 80, from the...

Explainer: How ending Hong Kong’s ‘special status’ could affect U.S. companies

WASHINGTON (Reuters) – New Chinese national security restrictions imposed on Hong Kong could draw a U.S. revocation of the former British colony’s “special status” under...

Fed, Treasury chiefs face heat over uneven U.S. coronavirus response

WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin found themselves in the hot seat on Tuesday as U.S. lawmakers grilled...

In nod to grim U.S. outlook, Fed’s Powell calls for more fiscal support

WASHINGTON (Reuters) – The head of the Federal Reserve warned on Wednesday of an “extended period” of weak economic growth, vowed to use the U.S....

White House considers more coronavirus stimulus, with conditions: officials

WASHINGTON (Reuters) – The White House has started informal talks with Republicans and Democrats in Congress about next steps on coronavirus relief legislation, officials said...

U.S. payroll protection program: What has changed in round two?

WASHINGTON (Reuters) – The Small Business Administration on Monday began allowing lenders to process $310 billion in funds for the second round of its program...

As U.S. coronavirus death toll tops 51,000, handful of states move toward reopening

ATLANTA (Reuters) – With the U.S. coronavirus death toll topping 51,000 and nearly one in six workers out of a job, Georgia, Oklahoma and several...

Georgia forges ahead with reopening despite disapproval of Trump, pandemic experts

ATLANTA (Reuters) – Georgia pushed ahead with its plan to become the first U.S. state to allow an array of merchants to reopen on Friday...

More U.S. companies return payroll loans after new Treasury guidance

WASHINGTON/BOSTON (Reuters) – U.S. companies on Thursday began refusing government loans they were just awarded, after the Treasury Department said that publicly traded firms would...

U.S. House meets to pass $500 billion in coronavirus relief as unemployment soars

WASHINGTON (Reuters) – Hundreds of members of the U.S. House of Representatives gathered in Washington on Thursday to pass a $484 billion coronavirus relief bill,...

U.S. House to pass nearly $500 million more in coronavirus relief

WASHINGTON (Reuters) – Hundreds of members of the U.S. House of Representatives will gather in Washington on Thursday to pass a $484 billion coronavirus relief...

Exclusive: Trump pressed to halt federal pension investments in China’s ZTE, Hikvision

WASHINGTON (Reuters) – Lawmakers and former officials are making a last ditch push to persuade the Trump administration to halt plans to invest billions of...

U.S. Senate sees possible Tuesday coronavirus vote, Pelosi said optimistic

WASHINGTON (Reuters) – The U.S. Congress inched toward a $450 billion deal to help small businesses and hospitals hurt by the coronavirus pandemic, with House...

Wobbly U.S. fiscal response could deepen coronavirus recession

WASHINGTON (Reuters) – The U.S. government’s massive effort to nurse the economy through the coronavirus crisis was billed as a send-money-and-don’t-sweat-the-details flood of cash to...

Trump administration seeks $250 billion more in aid for small U.S. businesses: Mnuchin

WASHINGTON (Reuters) – The Trump administration on Tuesday asked Congress for an additional $250 billion in emergency economic aid for small U.S. businesses reeling from...

As Germany reels from coronavirus, some officials debate impact on banks

FRANKFURT (Reuters) – As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche Bank AG...

The watchdogs overseeing the $2.3 trillion U.S. bailout

WASHINGTON (Reuters) – Who’s watching over the U.S. government’s largest bailout in history – the $2.3 trillion in fiscal stimulus to fight the economic impact...