It's a parting shot at Wall Street by the Michigan Democrat, who is retiring next month.» Read More
Former Rep. Barney Frank on Monday dismissed calls to bring back a Depression-era law that divided commercial and investment banking.
The big banks should not be allowed to dip into FDIC-insured deposits to engage in risky trading activities, Sen. Elizabeth Warren, D-Mass., said on CNBC Friday, as she pushed for a new, modern-day bank breakup bill.
Elizabeth Warren, (D-MA), defends the 21st Century Glass-Steagall Act, her bill designed to rein in too-big-to-fail banks.
"For the life of me, I do not understand... why anyone would want to recreate the very companies that caused the past financial crisis," declared Dick Kovacevich, former chairman & CEO at Wells Fargo, sharing his views on breaking up big banks and the future of financial institutions.
CNBC's Eamon Javers reports John McCain and Elizabeth Warren are joining forces to introduce a bill that would reinstate the Glass-Steagall Act.
Sen. John McCain, (R-AZ), weighs in on the NSA scandal and Edward Snowden's pursuit of asylum in China and Russia.
"The status quo is unacceptable," said Sen. John McCain, (R-AZ), discussing the likelihood of passing immigration reform in both Houses of Congress, while "eleven million people" remain living in the shadows.
Immigration legislation offering citizenship to millions is swiftly gaining ground following a bipartisan agreement on dramatic steps aimed at securing the border with Mexico.
An internal tug of war is raging between Republican luminaries and grassroots conservatives who decry immigration reform as "amnesty." NBC News reports.
The U.S. Senate is preparing to cast the first votes in the full Senate on a landmark bill that offers the best chance in decades to remake the nation's immigration system.
Lawmakers are facing a critical juncture on immigration legislation and two Obama administration controversies. The New York Times reports.
The "check the box" loophole shows how Washington saved money for American corporations and deprived the government of billions in tax revenue.
A Senate immigration bill would cost $6.3 trillion over 50 years to provide benefits for millions now in the U.S. illegally, the Heritage Foundation says in a controversial study.
President Obama called on Congress to make good on plans to overhaul the immigration system and offer a path to citizenship for millions of illegal immigrants. He said that if Congress is unable to act quickly, he will propose legislation and demand lawmakers vote on it.
A bipartisan group of leading senators unveiled an agreement Monday on the principles for a sweeping overhaul of the nation's immigration laws, including a path to citizenship for the 11 million illegal immigrants already in this country.
The United States averted economic calamity on Tuesday when lawmakers approved a deal preventing huge tax hikes and spending cuts that would have pushed the world's largest economy off the "fiscal cliff" into recession.
CNBC's Melissa Lee reports Senator McCain is indicating the sequester could be delayed for about 2 months, according to Reuters.
COLUMBUS, Ohio-- In the final throes of a spirited campaign, President Barack Obama and rival Mitt Romney are awaiting one more measure of the nation's economic pulse _ a monthly jobs report that will leave an imprint on the last four frenetic days of the presidential contest.
BERLIN, Oct 28- With the U.S. presidential election too close to call, hundreds of thousands of Americans living in Europe have been posting their absentee ballots with a sense that they could truly make a difference on Nov. 6.
ST. PAUL, Minn.-- An election-eve terrorist strike. Democratic President Barack Obama and Republican rival Mitt Romney are on guard for anything that could push the presidential race from its taut course. They've got a plan and they are now going to execute it, "said Carter Eskew, a top strategist for Democrat Al Gore during a 2000 campaign that came up just short."