Posts Tagged Government business and finance

Federal appeals court deals blow to health law

President Barack Obama speaks about the My Brother’s Keeper Initiative, at the Walker Jones Education Campus in Washington, Monday, July 21, 2014.   A US appeals court has delivered a serious setback to President Obama's health care law, potentially derailing subsidies for many low-and middle-income people who have bought policies.   (AP Photo/J. Scott Applewhite)

WASHINGTON (AP) — A federal appeals court delivered a potentially serious setback to President Barack Obama’s health care law Tuesday, imperiling billions of dollars in subsidies for many low- and middle-income people who bought policies.

Read the rest of this entry »

Tags: , , , , , , , , , , , , ,

Clarification: GM-Recalls-Rental Cars story

WASHINGTON (AP) — In a story July 16, The Associated Press reported that General Motors became the first big automaker to support legislation barring rental-car companies from renting or selling vehicles subject to a recall. The story should have specified that current law bans car dealerships only from selling new cars under recall, not used recalled cars.

Read the rest of this entry »

Tags: , , , , , , , , ,

Detroit retirees back pension cuts by a landslide

In a Thursday, July 3, 2014 file photo, Detroit retirees Mike Shane, left, and William Davis protest near the federal courthouse in Detroit. Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday, a crucial step to emerging from the largest municipal insolvency in U.S. history. The city disclosed results from two months of balloting, which ended July 11. Judge Steven Rhodes still must hold a trial in August to determine if Detroit's overall bankruptcy plan is fair and feasible to all creditors, from Wall Street to Main Street, but support from retirees is vital. (AP Photo/Paul Sancya, File)

DETROIT (AP) — A year after filing for bankruptcy, Detroit is building momentum to get out, especially after workers and retirees voted in favor of major pension changes just a few weeks before a judge holds a crucial trial that could end the largest public filing in U.S. history.

Read the rest of this entry »

Tags: , , , , , , , , , , , , ,

GM’s legal staff targeted at recall hearing

In this June 18, 2014 file photo, General Motors CEO Mary Barra testifies on Capitol Hill in Washington. Barra makes her second appearance before a Senate subcommittee investigating the company's handling of a defective ignition switch in small cars on Thursday, July 17, 2014. (AP Photo/Cliff Owen, File)

WASHINGTON (AP) — Lawmakers on Thursday demanded General Motors fire its chief lawyer and open its compensation plan to more potential victims as a Senate subcommittee delved deeper into GM’s mishandling of the recall of small cars with defective ignition switches.

Read the rest of this entry »

Tags: , , , , , , , , , , ,

Wizards get C Blair in deal with Dallas

WASHINGTON (AP) — The Washington Wizards have acquired center DeJuan Blair in a sign-and-trade deal with the Dallas Mavericks.

Read the rest of this entry »

Tags: , , , , , , , , , , , , , , , , , , ,