Regulatory & Compliance

WASHINGTON - In one of his last acts in office, President Bush plans to ask Congress to release the additional $350 billion allocated for the Troubled Assets Relief Program though lawmakers want to place additional safeguards on how the money is spent.

WASHINGTON - In another blow to the GOP's chances to regain control of the Senate in next year's elections, Sen. George Voinovich (R-Ohio) announced today he would not seek re-election in 2010.

WASHINGTON - A bill allowing judges to rewrite the mortgages of people filing for bankruptcy won't be opposed by Citigroup, but still has a way to go before passing.

WASHINGTON - Sen. Christopher Bond (R-Mo.) a key player on housing issues, said today he will not seek a fifth term when he is up for re-election in 2010.

WASHINGTON - Although Barack Obama has been called president-elect since election night, Congress will officially give him the title today.

WASHINGTON - The federal budget deficit could be $1.19 trillion for the current fiscal year, according to a Congressional Budget Office report issued today.