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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
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.
MENTIONED IN THIS ARTICLE
Washington
Senate
Banking Committee
IRS
Wall Street
Chris Coons
D-Del
Richard Shelby
Rala
Federal Reserve
Congress
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