Topic - Richard C. Shelby

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  • ** FILE ** In this Jan. 7, 2013, file photo, President Barack Obama shakes hands with Defense Secretary-nominee, former Nebraska Sen. Chuck Hagel, in the East Room of the White House in Washington. (AP Photo/Pablo Martinez Monsivais. File)

    Richard Shelby's switch has Chuck Hagel on verge of confirmation

    Republican Sen. Richard C. Shelby said Thursday he will support Chuck Hagel's bid to become secretary of defense, nudging the contentious pick to the verge of confirmation even as 15 Republicans senators were urging President Obama to abandon his pick to run the Pentagon.

  • William J. Burns

    Inside the Ring

    A forthcoming study by the Pentagon's Defense Science Board concludes that an Obama administration plan to shoot down long-range Iranian missiles shortly after launch will not work.

  • Ben S. Bernanke

    Fed chief Bernanke grilled by GOP on Hill over loose money policies

    Federal Reserve Chairman Ben S. Bernanke went to Capitol Hill on Wednesday to defend himself against the latest assault by Republicans on the Fed's loose money policies.

  • ASSOCIATED PRESS
Senate Banking, Housing and Urban Affairs Committee Chairman Christopher J. Dodd (right), Connecticut Democrat, and the committee's ranking Republican, Sen. Richard C. Shelby of Alabama, announce a bipartisan deal to eliminate a $50 billion fund for financial firms deemed "too big to fail."

    Senate nixes liquidation fund for firms

    The Senate on Wednesday jettisoned Democrats' contentious $50 billion liquidation fund for failing financial service companies and instead overwhelmingly embraced an alternative that would try to shield taxpayers even as the government tries to impose "orderly liquidation" on big failed firms.

  • Credit-rating agencies at fault, senator says

    BRUSSELS (AP) — The U.S. home-loan crisis is going to get worse before it gets better, a member of the Senate banking committee said yesterday, claiming that U.S. credit-rating agencies bear some responsibility for the mortgage-industry debacle.

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