Congress

EB-5 tougher for Chinese rich if investment bar goes up

The EB-5 immigrant investor program, popular green card route for Chinese rich investors, may pose tough time for potential investors from the world's second largest economy if the changes under consideration come into force. The US government grants permanent residency to foreigners who invest $500,000 in the US economy creating employment opportunities.

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Creditworthiness of US at stake; Will cash-strapped US raise debt ceiling?

The creditworthiness of the world's largest economy seems to be drenched as US treasury has stopped issuing further debt citing reasons for reaching the borrowing ceiling.

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U.S. Treasury eyes larger cash buffer against 'emerging threats'

The U.S. government said on Wednesday it will start keeping more cash on hand for when it can't tap debt markets, a measure that could help it pay bills during a natural disaster or a cyber attack.

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FAA considers beyond-line-of-sight drone initiatives: sources

U.S. aviation regulators are talking to drone makers and service providers about testing commercial drones that can fly beyond an operator's visual line of sight, currently banned for safety reasons, according to people with knowledge of the discussions.

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U.S. House defense bill funds 12 Boeing fighters, 6 Lockheed F-35s

The U.S. House Armed Services Committee's fiscal 2016 defense bill includes $1.15 billion in extra funding for 12 additional Boeing Co Super Hornet combat jets and $1 billion for six Lockheed Martin Corp F-35 B-model fighters.

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Employer incentives for U.S. worker wellness programs set record

Employers have ratcheted up the financial incentives they offer workers to participate in wellness programs to a record $693 per employee, on average, this year from $594 in 2014 and $430 five years ago, found a report released on Thursday.

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U.S. begins measures to buy time under debt limit

The Obama administration on Friday said it would start using emergency cash measures to allow the government to keep paying the nation's bills once it hits the legal debt limit in about a week.

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Homeland Security funding drama darkens U.S. fiscal outlook

Congress narrowly averted a partial shutdown of the U.S. domestic security agency late on Friday night, but the forces behind the chaotic episode remain - fractious Republicans and House Speaker John Boehner's lack of control over them.

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Fed's Yellen flags rate hikes on 'meeting-by-meeting' basis

The Federal Reserve is preparing to consider interest rate hikes "on a meeting-by-meeting basis," Fed Chair Janet Yellen told a congressional committee on Tuesday, a subtle shift of emphasis that helps lay the groundwork for the Fed's first rate hike since 2006.

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Fed's Yellen to testify before House on February 25

Federal Reserve Chair Janet Yellen will testify before the U.S. House Financial Services Committee on Feb. 25, a congressional aide said on Friday.

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Brazil to rework mining code stalled in Congress, minister says

Brazil's government plans to rework parts of the country's new mining code currently stalled in Congress, the new Mines and Energy Minister Eduardo Braga said on Thursday.

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Senate passes bill temporarily renewing tax breaks

Dozens of temporary tax breaks, including big ones for business research, wind power and foreign profits, were renewed by the U.S. Senate late on Tuesday, putting to rest worries that further delays in dealing with the so-called tax extenders might foul up the approaching tax-filing season.

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Senate passes spending bill, ends government shutdown threat

The U.S. Senate on Saturday passed a $1.1 trillion spending bill that lifts the threat of a government shutdown as Congress attempts to wrap up a two-year legislative session marked by bitter partisanship and few major accomplishments.

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RBI finds falling inflation a hard sell for Indian consumers

Waiting for the right moment to cut interest rates, India's central bank faces a problem over public perceptions that price rises will return to double-digits even though forecasts show retail inflation fell to a record low of 4.5 percent last month.

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First step in possible minimum wage increase presented in Mexico

President Enrique Pena Nieto on Friday presented a bill to Mexico's lower house that represents the first step towards a possible increase in the country's low minimum wage.

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