The merger has one regulatory hurdle left: FCC approval. Late yesterday that hurdle got higher when FCC member Robert McDowell decided to abstain because he used to work as a telecom lobbyist. Dan Grech reports.
Private companies aren't the only ones putting pressure on drugmakers to lower prescription prices. This morning the Bush administration will offer its own proposal. Dan Grech reports.
Treasury Secy. Henry Paulson and Fed Chairman Ben Bernanke went to China for what they called a strategic economic dialogue. But somebody apparently forgot to tell the Chinese.Ruth Kirchner reports.
The International Trade Commission voted to lift trade barriers on most imports of steel that Detroit uses. The commission had to choose between jobs in steel plants or jobs in car factories. John Dimsdale reports.
Voter discontent may have given new life to ethics reform in Washington. A package that would beef up bans on gifts and meals from lobbyists is seeing light on the Hill today. John Dimsdale reports.
Washington accuses Beijing of keeping the value of its currency artificially low, making imports from China unfairly cheap. China says the U.S. fails to recognize the headway it's making. Ruth Kirchner reports.
Congressional Democrats are considering setting up an external ethics panel to enforce new restrictions on gifts and perks for lawmakers. John Dimsdale reports.
Big business is organizing to lobby Washington about overseas oil dependence. Host Scott Jagow talks to Goldman Sachs' vice-chairman Bob Hormats about the group's mission.
Do wealth limits for buying into hedge funds protect average investors or just help the rich get richer? The SEC meets today to consider what to do with those requirements. Amy Scott reports.
Federal regulators are expected today to offer some relief for smaller companies that have been complaining about the cost of complying with the 2002 Sarbanes-Oxley accounting rules. John Dimsdale reports.
