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Odessa American in Odessa, Texas

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Articles on This Page

This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Jul 23, 2015

Page

3

McConnell challenges Obama on Iran deal

Senate leaders and cabinet aides clash with the Obama administration over the Iran nuclear agreement. Republicans argue for tougher sanctions and seek votes to sustain any veto override while Democrats support the deal. Israel’s ambassador met with House Republicans as the administration pursues bipartisan backing to lift sanctions.

McConnell Obama Iran Washington Israel Barack Obama White House United States Senate Mitch McConnell John Cornyn Texas Tehran Capitol Ron Dermer House Dave Brat Virginia Kerry Energy Ernest Moniz Treasury Jack Lew Congress Nancy Pelosi California Dick Durbin Illinois

Disability fund to run dry prompting 19 percent benefit cut

The Social Security disability trust fund will exhaust resources in late 2016 triggering an automatic 19 percent cut in benefits unless Congress acts. Average disabled worker benefits total 1017 dollars monthly, with a typical loss of 193 dollars. No cost of living increase is expected this year, while Medicare could face premium hikes.

Social Security Medicare Congress Jo Ann Jenkins AARP Barack Obama Carolyn Colvin Washington Rob Portman Ohio Rand Paul Paul Treasury Jacob Lew

Obama urges rapid renewal of Export-Import Bank

President Obama pressed Congress to reauthorize the Export-Import Bank within days as its charter expired and orders stalled. He warned that U.S. businesses suffer while conservatives call it corporate welfare, noting every other advanced nation maintains a similar program and urging action before August recess.

Washington Congress Barack Obama Obama U.S Roosevelt Room

Senate GOP pushes rewrite to 21B funding bill

Senate Republicans advance a must pass funding bill with a plan to loosen Dodd-Frank era rules. The Banking Committee proposal would raise the big bank threshold from 50 to 500 billion, loosen mortgage lending standards, heighten congressional oversight of the Fed, and require quarterly monetary policy reports. Democrats oppose the changes, arguing they undermine consumer protections and riskier financial practices. The bill faces an uncertain path with tax and IRS cuts also in dispute.

Washington Senate Banking Committee IRS Wall Street Chris Coons D-Del Richard Shelby Rala Federal Reserve Congress

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