August 26, 2013 |
WASHINGTON -- The U.S. will run out of borrowing authority under the nation's $16.7-trillion debt limit in mid-October, Treasury Secretary Jacob J. Lew formally told Congress on Monday as he implored lawmakers to act soon to avoid a government default. Lew had last updated Congress on the debt limit in May, saying that he expected the Treasury to be able to continue borrowing until at least Labor Day. The new deadline comes as lawmakers prepare to return to Washington next month to battle over government spending.
August 21, 2013 |
The rising cost of public employee pensions represent s one of the biggest fiscal challenges for California governments over the long term. The state took an important step to rein in those costs last year when the Legislature adopted a pension reform law pushed by Gov. Jerry Brown. Transit unions complained about the law to U.S. Labor Secretary Thomas E. Perez, however, and he's threatening to withhold billions of dollars in grants for California mass-transit projects in response.
CALIFORNIA | LOCAL
July 31, 2013 |
SACRAMENTO - Gov. Jerry Brown has amassed a political war chest of more than $10 million for a potential reelection effort next year, far outpacing two possible GOP rivals and putting him in a strong position if he decides to seek a fourth term as California's governor. Brown has an additional $3 million left over from the campaign to pass his tax measure, Proposition 30, last fall, according to reports filed with the state Wednesday. Each of Brown's two potential GOP rivals has less than $50,000 in campaign cash.
July 31, 2013 |
WASHINGTON -- President Obama on Wednesday nominated Federal Reserve Gov. Sarah Bloom Raskin to be deputy Treasury secretary. If confirmed by the Senate, Raskin would be the first woman to serve in the department's No. 2 position. Her move also would open a second vacancy on the Fed's Board of Governors. Elizabeth Duke said recently she would step down from the seven-member board in August. Raskin would replace Deputy Secretary Neal Wolin, who recently announced he would step down at the end of August after serving since 2009.
July 25, 2013 |
WASHINGTON - President Obama's choice to be second in command at the Department of Homeland Security vigorously denied allegations Thursday that he helped a company run by the brother of former Secretary of State Hillary Rodham Clinton secure a special visa for foreign investors. "I have never in my career used undue influence to influence the outcome of a case," Alejandro Mayorkas, the head of U.S. Citizenship and Immigration Services, told a Senate panel considering his nomination.
July 19, 2013 |
JERUSALEM - In a surprise announcement, U.S. Secretary of State John F. Kerry said Friday night that he would host Israeli and Palestinian negotiators in Washington as early as next week in a possible renewal of long-stalled peace talks. But Kerry's declaration seemed to catch both Israelis and Palestinians off guard. Neither side has yet publicly embraced Kerry's proposal for restarting talks and both have expressed reservations. Skeptics said that Kerry's pressure might bring the parties together in the same room but that chances for success would be slim if either side was a reluctant participant.
July 19, 2013 |
Long Beach Poly football Coach Raul Lara might need to hire someone to help handle media calls and inquiries considering how many publications figure to be covering the Jackrabbits this fall when they play big games. Besides The Times, the Press-Telegram and Gazettes.com, the Orange County Register has decided to create a new publication, the Long Beach Register , which has hired former Press-Telegram sportswriter Bob Keisser as its sports editor. Lara is going to get the Lane Kiffin-Jim Mora treatment.
July 18, 2013 |
WASHINGTON - President Obama's revamped second-term Cabinet is nearly complete after the Senate on Thursday confirmed two of the longest-stalled nominees. Votes to approve Thomas E. Perez as Labor secretary and Gina McCarthy as administrator of the Environmental Protection Agency quickly followed a deal to end a showdown over executive branch nominations. The 59-40 vote on McCarthy came 133 days after the Senate received her nomination, the longest delay of any Cabinet-level nomination this year.
July 18, 2013 |
WASHINGTON - Thomas E. Perez was confirmed as secretary of Labor on Thursday, ending a long battle over his nomination in a key test of this week's deal to end a showdown over Senate rules. Perez, currently the nation's top civil rights lawyer, was confirmed by a vote of 54-46 in the Senate, the narrowest result for any of President Obama's second-term Cabinet nominees. Perez will become the sole Latino in the Cabinet, leading the Labor Department as Congress considers a major overhaul of immigration laws that could create millions of newly legal workers.
July 17, 2013 |
The outgoing secretary of Homeland Security, Janet Napolitano, may be a brilliant choice to serve as the new president of the University of California. But how can we tell? And how, for that matter, can the Board of Regents tell? Half of the regents haven't even had a chance to talk to her about how she would approach the job - a job that involves 10 campuses, 170,000 faculty and staff members and more than 220,000 students. That's why they should delay their Thursday vote on her appointment - which comes less than a week after the selection was announced - and instead engage in a more public and transparent hiring process that will assure Californians that this unorthodox decision is the right one. It has become more common in recent years for colleges to pick leaders with nonacademic backgrounds.