WASHINGTON, Nov 20- A bipartisan group of U.S. House and Senate members is seeking to make it easier for investment fraud victims to seek compensation, after investors in Allen Stanford's Ponzi scheme were deemed ineligible under current law to file claims.
WASHINGTON, Oct 30- The U.S. House of Representatives voted on Wednesday to scale back a much-debated provision of the Dodd-Frank Wall Street reform law, handing bank lobbyists a token victory in their fight against the tougher rules.
President Barack Obama pushed back on Wednesday against criticism of his former economic adviser, Lawrence Summers, who is seen as a leading candidate to become the new chairman of the Federal Reserve, Democratic lawmakers said.
President Barack Obama pushed back on Wednesday against critics who complain that his former top economic adviser, Lawrence Summers, was not aggressive enough in seeking more economic stimulus funds than Congress ultimately approved in 2009..
WASHINGTON, July 31- President Barack Obama on Wednesday told a gathering of House of Representatives Democrats that he had not yet made a decision on who would serve as the next Federal Reserve Board chair, replacing Ben Bernanke.
CNBC's Eamon Javers reports Treasury Secretary Timothy Geithner is being questioned today for his part in the Libor rate-manipulation scandal.
CNBC's Eamon Javers reports Treasury Secretary Timothy Geithner did not respond to Sandy Weill's comments earlier today on CNBC's "Squawk Box", that big banks should be broken up. But Rep. Carolyn Maloney, (D-NY) did weigh in on the issue.