WASHINGTON (Reuters) - U.S. power generating companies would get free pollution permits, at least initially, as part of a compromise climate change bill being written in the Senate that also would give the coal industry $10 billion to develop "clean" technology, sources said on Friday. Democratic Senator John Kerry is trying to push a bill through a skeptical Senate this ...

WASHINGTON Republicans are so convinced that the fall midterm elections could be a repeat of 1994, the year that ushered them into the majority in Congress, they are reaching into the playbook for the prop that helped propel that victory: a new Contract with America. House Republicans have tapped one of their own to begin casting for ideas to form ...

WASHINGTON (Reuters) - Four top Federal Reserve officials urged Congress on Thursday not to strip the U.S. central bank of the authority to supervise small banks, saying they would lose an important finger on the pulse of the economy that helps them guide monetary policy. A financial regulatory overhaul bill unveiled in the U.S. Senate this week would diminish ...

WASHINGTON (Reuters) - The tension level in the debate on U.S. financial reform rose on Thursday as Democrats slapped back at a Republican leader's comment about "punk staffers" and a pivotal vote neared in the Senate. White House economic adviser Larry Summers and other Democrats criticized remarks made by House Republican Leader John Boehner, who told hundreds of bankers ...