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OVERNIGHT MONEY: Budget conference, Round 2

WEDNESDAY'S BIG STORY: Budget conference, Part 2: Round Two of the House-Senate budget conference gears up on Wednesday. The budget conference will host special guest, Doug Elmendorf, head of the...

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OVERNIGHT MONEY: Yellen makes bid for Fed chief

THURSDAY'S BIG STORY:Heading up the Fed: Janet Yellen's bid to become the first female head of the most powerful economic institution on the planet swings into high gear on Thursday.The current No. 2...

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OVERNIGHT MONEY: Lew heading to Beijing

FRIDAY'S BIG STORY: Beijing bound: Treasury Secretary Jack Lew will wrap up a weeklong trip to the Asia-Pacific on Friday with a stop in Beijing, where the topic is likely to focus on China's economy...

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Postal Service posts loss for seventh straight year

The ailing U.S. Postal Service lost $5 billion in fiscal 2013, putting it in the red for the seventh consecutive year.There was some good news, however, as the postal service's losses declined from...

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Postal reformers fear loss of momentum

The U.S. Postal Service’s improving bottom line could make it harder to pass reform legislation that both the agency and lawmakers say is badly needed.The more than $10 billion drop in USPS’s losses...

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US Air, American select new stock symbol

US Airways and American Airlines have selected a new joint symbol for the NASDAQ stock exchange. The announcement comes days after the Department of Justice dropped a lawsuit against the airlines'...

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OVERNIGHT MONEY: Turning back to taxes

TUESDAY'S BIG STORY: Time for taxes again: This week, it looks like the Senate's turn to join in all the tax reform fun. Senate Finance Committee members are scheduled to huddle on Tuesday morning to...

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GOP seeks curbs on ‘rogue’ consumer bureau

House Republicans aren’t letting up in the fight over the Consumer Financial Protection Bureau (CFPB) despite having suffered a major defeat over the summer.The House Financial Services Committee on...

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OVERNIGHT MONEY: Yellen aims to scale first hurdle to confirmation

THURSDAY'S BIG STORY:Yellen gets a vote: Most people think Janet Yellen is a shoo-in to take over as head of the Federal Reserve, and on Thursday there will finally be some data to back up — or cast...

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OVERNIGHT MONEY: Time running short for big agenda items

FRIDAY'S BIG STORY: Running out of time: The House and Senate are on their way out the door to head home for the Thanksgiving break, with plenty of big agenda items left to be resolved when they return...

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Pro-Israel group has ‘serious concerns’ about Iran nuclear pact

One of Washington’s most prominent pro-Israel groups expressed concerns Monday about the agreement to curb Iran’s nuclear program.In a memo, the American Israel Public Affairs Committee (AIPAC) said...

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Experts: 'Dark money' here to stay

A new administration proposal to limit the political activity of tax-exempt groups could fall short of forcing “dark money” out of campaigns, experts say.The new Treasury Department and Internal...

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Mailers fight against postal rate hike

The mailing industry is stepping up their efforts to defeat a rate increase proposal from the cash-strapped U.S. Postal Service, pressing the agency’s regulator this week to rule against the plan.USPS...

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OVERNIGHT MONEY: Global focus

TUESDAY'S BIG STORY: Global focus: President Obama is set to meet on Tuesday with Colombian President Juan Manuel Santos while Vice President Biden meets with top officials in Japan. Santos, who is...

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Interest groups prepare super-PAC barrage

Interest groups are readying their super-PACs for another spending barrage in the 2014 elections.Green groups, unions and business lobbies are among the major political players that are stockpiling...

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Judge clears way for Detroit bankruptcy

The city of Detroit entered into the largest city bankruptcy in U.S. history Tuesday, after a judge determined it could legally do so.Detroit first filed for Chapter 9 bankruptcy in July, looking to...

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Read Camp's letter to Holder

The House Ways and Means Committee on Wednesday urged the Justice Department to take a fresh look at whether former IRS official Lois Lerner should be prosecuted, saying she broke the law multiple...

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GOP calls for Lerner’s prosecution

brightcove.createExperiences(); The House Ways and Means Committee on Wednesday accused former IRS official Lois Lerner of targeting the prominent GOP group Crossroads GPS...

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Senators strike deal on terrorism insurance extension

A bipartisan group of senators has struck a deal to extend a government insurance program for terrorist attacks.Under the proposal, the Terrorism Risk Insurance Act (TRIA) would be extended for another...

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OVERNIGHT MONEY: Congress takes stock

FRIDAY OUTLOOK The House is out of town for its nearly three-week recess and the Senate will not hold nomination votes during its rare Friday session.  The Senate is considering the nominations of...

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