Greenspan invitation tests Congress on Fed stance
Congress presses Fed chair Alan Greenspan for public clarification ahead of May 20 policy meeting as lawmakers demand explanations for March rate hikes amid a robust economy. The push comes as lawmakers and analysts warn of political pressure and central bank independence amid market declines and broader economic tensions.
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Washington
Alan Greenspan
Congress
Federal Reserve
Joint Economic Committee
Jim Saxton
R-Nj
Greenspan
Fed
House Banking Committee
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Senate and House vote on nuclear waste and taxes face scrutiny
The Senate approved a Nevada nuclear waste storage bill 65 to 34 amid safety concerns and a call for a permanent site. A separate measure failed 233 to 190 to require a two thirds vote for tax increases, while the House backed mortgage insurance cancellation with a 421 to 7 margin, and attendance rates for key members are listed.
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Bill Archer
Texas
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Archer
Social Security
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Britain
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Alfonso D'Amato
Yee Dante
P. Moynihan
House
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Sherwood Boshiert
New Hartford
Maurice Hinchey
D-Saugeriles
Amory Houghton
Corning
Boehlert
Hinchey
Houghton
McHugh
Paxon
Walsh
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