senate

We've decided to stop trying to guess what General Motors will do before its IPO – which might come next month or later this year or early next year. What we do know is that GM has wanted to secure a captive finance arm before an IPO, a process that looked unlikely, then fell off the radar ...

Congress is working on reforming financial oversight in the wake of the sub-prime mortgage meltdown, and if the House and Senate come together on a compromise bill, a new Bureau of Consumer Financial Protection will be created. The House's bill exempted auto dealers from more strict lending ...

If you were waiting for the federal government to lay down the law on distracted driving, we've got bad news for you. New bipartisan legislation from Congress has effectively put the issue back into the hands of individual states. That means that instead of a single, nationwide ban on cell phone ...

Cash for Clunkers lives on. The Senate passed a $2 billion extension late tonight with a vote of 60/37, giving customers the opportunity to purchase about 500,000 more vehicles through the program. The Obama administration estimates that most or all of the original $1 billion was spent in a ...

A recent study from Virginia Tech showed that texting while driving makes you 23 times more likely to get into a crash and Transportation Secretary Ray LaHood is looking to address the problem head-on with a September summit to study distracted driving. LaHood plans to to use the summit with law ...

The more things change, the more they change back again. Or something. As of August 3, Reuters reports that the number one car Cash for Clunking consumers were purchasing was the long-in-the-tooth Ford Focus. Well, just two short ...

Another day, another bunch of news items about Cash For Clunkers (a.k.a. C.A.R.S.). With Friday's Senate recess date fast approaching, the Obama Administration is reportedly pushing the body's 100 members there to get their acts together and vote for more funding to keep the program alive. Two ...

Last time we checked in with the issue of texting while driving, the NHTSA practically claimed it was gagged by Congress. Fast forward a week -- after the New York Times report and the results of a Virginia Tech study -- and now a group of Democratic senators is proposing a nationwide ban on ...

After narrowly surviving an attempt by Sen. Judd Gregg, R-N.H. to strip it from a war-spending bill, the Cash for Clunkers program passed the Senate yesterday evening. Well, the $106 billion war-spending bill passed the Senate on a 91-5 vote, but the $1 billion scrapping program earlier survived ...

Yesterday, the U.S. House of Representatives just voted in favor of a war-spending bill that contains the hotly debated Cash for Clunkers amendment. The bill was on its way to the Senate for a vote, but Republican Senator Judd Gregg tried to get the Cash for Clunkers program stripped from the bill ...