Senators predict quick passage of currency bill
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Four senators said they expected  Congress to quickly and overwhelmingly approved bill they  introduced on Wednesday giving the U.S. Treasury Department new  tools to press China to more quickly raise the value of its  currency.
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The federal tax bill was approved by the Senate 69-17 after passing the House a week earlier by 280-41. Mr. Bush is expected to sign it, claiming it as support for the economy -- even though
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Bill would speed rebates to most taxpayers, including disabled veterans and the elderly.
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The House voted 336 to 75 for the measure, which now goes to the Senate where it is expected to pass on Wednesday.
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BROAD LEGISLATION: An energy bill in the Senate would raise auto fuel economy standards for the first time in nearly 20 years and make oil industry price gouging a federal crime.
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An immigration bill, expected to pass, requires knowledge of French and proof of support.
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The Federal Reserve is likely to make one of three moves on interest rates.
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Republicans are likely to add to their one-vote US Senate majority tomorrow. Whatever the outcome, partisanship may be the winner.
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In the final hours of Republican rule, the Senate on Wednesday put forward an all-purpose bill covering everything from normalized trade with Vietnam and tax breaks for millions of taxpayers to an expansion of offshore oil drilling.
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WASHINGTON Supporters of a major rewrite of corporate tax law are optimistic they&#39;ll be able to complete congressional action this week on legislation needed to end a bitter trade fight with Europe.
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A bill that would end a nasty trade war with Europe and shower more than &#36;140 billion in tax breaks on American companies is nearing congressional approval.
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As an  immigration overhaul bill is poised to return to the Senate this week, lawmakers from both parties showed little interest in compromise.
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Two leading U.S. Senate critics of  China's currency policy pressed on Thursday for action on a  bill that would threaten steep tariffs, in a show of  frustration days before Treasury Secretary Henry Paulson is to  make his first official visit to China.
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Bloomberg - May 25 (Bloomberg) -- Senate Republican leader Mitch McConnell said the controversial immigration bill in Congress won&#39;t cost ``a single member of either party&#39;&#39; at the polls next year and predicted the bipartisan compromise will win Senate approval next month.
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A top Democratic senator on  Wednesday said lawmakers were concerned about a slide in the  value of the dollar and urged the Bush administration to step  up pressure on China to move to a more flexible exchange rate.
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Final approval appears likely this week for a bill sending multiparty cases from state to federal court.
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The House voted to approve the fiscal stimulus package, hoping to quickly seal a fast-paced deal with the Bush administration. But Senate Democrats forged ahead with their own, more expensive plan.