Averting an election-year crisis, Congress late Wednesday sent President Barack Obama a bill to keep the government operating through Dec. 9 and provide $1.1 billion in long-delayed funding to battle the Zika virus. The House passed the measure by a 342-85 vote just hours after a 72-26 bipartisan Senate tally. Arkansas' two senators and four representatives, all Republicans, voted to back the stopgap measure in their respective chambers. To read full story, click here.
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Wells Fargo & Co. Chief Executive John Stumpf took quite a beating when he appeared last week before a Senate committee. Now, it's time for Round 2: He goes before the House Financial Services Committee to talk about his bank's allegedly "widespread illegal" sales practices Thursday. "You ought to be downright ashamed of yourself," Rep. David Scott (D, Ga.) told the 63-year-old chief executive at one point.We'll end it with these final thoughts: At times today, it seemed that Mr. Stumpf was stru...
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Wells Fargo CEO John Stumpf is back in Washington’s hot seat Thursday — but this time, he’s testifying in front of the House Financial Services Committee. Stumpf’s opening testimony was largely similar to that which he gave to the Senate banking committee last week, though he came prepared with two new pieces of penance: the clawback of $41 million of his unvested equity awards, and a promise that his bank is ending product sales goals sooner than its original January 1 deadline. “We should have...
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Wells Fargo CEO John Stumpf returned to Capitol Hill Thursday to testify about the bank's sales practices before the House Financial Services Committee on Thursday morning. Scroll down for updates compiled through the day. 2:11 p.m. Hearing wraps. 2:05 p.m. Bruce Poliquin (R-Maine) says "I'm looking at this pattern of you folks ripping off customers, paying a fine and doing the damn thing over again." The bank paid $11 billion in settlement costs over several years, he says. Charged Stumpt of no...
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Arkansas lawmakers urged U.S. Department of Agriculture Secretary Tom Vilsack to support Governor Asa Hutchinson's request for major disaster declaration for Arkansas. Click here for more information.
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Bill and Hillary Clinton National Airport/Adams Field has been awarded a $5.9 million grant from the Federal Aviation Administration to rehabilitate a taxiway at the state's largest airport, members of Arkansas congressional delegation announced Thursday. Click here to read more.
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U.S. Rep. French Hill on Thursday praised passage of HR5931, the Prohibiting Future Ransom Payments to Iran Act. The measure, which was supported by all four House members from Arkansas, passed 254-163. It would prohibit the U.S. from making cash payments to states that are deemed to be sponsors of terrorism. In a news release, Hill said the legislation makes it clear that the nation won't pay ransom when its citizens are seized overseas. The Iranian government received $1.7 billion in non-U.S. ...
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U.S. Rep. French Hill on Thursday praised passage of HR5931, the Prohibiting Future Ransom Payments to Iran Act. The measure, which was supported by all four House members from Arkansas, passed 254-163. It would prohibit the U.S. from making cash payments to states that are deemed to be sponsors of terrorism. In a news release, Hill said the legislation makes it clear that the nation won't pay ransom when its citizens are seized overseas. The Iranian government received $1.7 billion in non-U.S. ...
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Bill and Hillary Clinton National Airport/Adams Field has been awarded a $5.9 million grant from the Federal Aviation Administration to rehabilitate a taxiway at the state's largest airport, members of Arkansas congressional delegation announced Thursday. The grant money will be used to fund the second phase of a larger project and will improve 2,500 feet of the existing Taxiway A pavement, which airport officials say has reached the end of its useful life. The taxiway runs between the general a...
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LITTLE ROCK — The Federal Aviation Administration has awarded a $5.9 million grant to the Bill and Hillary Clinton National Airport, members of the state’s congressional delegation said Thursday. Sens. John Boozman and Tom Cotton, both R-Ark., and Rep. French Hill, R-Little Rock, said in a joint news release the money will fund rehabilitation of the taxiway at Adams Field. The project will be the second phase of a plan to improve 2,500 feet of existing taxiway pavement that has reached the end o...
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