Congress News Headlines - Yahoo! News
Watchdog: No way to measure US-Mexico border wall success
SAN DIEGO (AP) — A report by Congress' watchdog says the United States still does not have a way to measure how well fencing works to deter illegal crossings from Mexico.
Dollar falls as traders weigh next U.S. rate hike
By Richard Leong NEW YORK (Reuters) - The dollar weakened against a basket of major currencies on Thursday, posting its steepest one-day drop in over two weeks, due to lower U.S. bond yields and uncertainty over the timing of the Federal Reserve's next interest rate increase. The greenback posted losses for a second day, retreating further from a one-month high set during a winning streak where it touched a five-week peak versus the euro and a 2-1/2 week high against the Japanese yen. Traders have scaled back bets on a looming U.S. rate hike as they concluded Fed Chair Janet Yellen did not deliver enough conviction at her economic testimony before Congress on Wednesday on whether the Fed's next rate increase would come at its March 14-15 meeting.
Appeals court will reconsider ruling on consumer agency
WASHINGTON (AP) — A federal appeals court said Thursday it will reconsider its earlier ruling that would have increased the president's authority over the government's consumer finance watchdog agency, a target of criticism from banks and Republicans in Congress.
Trump's pick for Israel envoy goes on damage control
WASHINGTON (AP) — The combative attorney President Donald Trump picked as his ambassador to Israel sought to repair the damage from past attacks on political opponents, telling Congress he deeply regretted using inflammatory language and promised to be "respectful and measured" should he be confirmed.
Mick Mulvaney confirmed as White House budget director
The US Senate confirmed congressman Mick Mulvaney as the next federal budget chief Thursday, providing President Donald Trump with a key lieutenant for shrinking the size of the federal government. Mulvaney was confirmed as director of the Office of Management and Budget by a vote of 51 to 49, along party lines. Republican Senator John McCain voted no, the only crossover vote.
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