WASHINGTON, July 24- Republicans in the U.S. Congress, mindful of voter anger over past budget showdowns, are preparing legislation to keep the government open beyond Sept. 30 when existing funding expires.» Read More
Democratic Rep. Charles Rangel said Friday he looked forward to clearing his name next week at a meeting of the House ethics committee, which has indicated the 40-year congressional veteran will be charged with serious violations.
Whether or not Elizabeth Warren is named to run the bureau may depend on how willing the president is to anger the banks yet again, and whether he is willing to risk a big confirmation battle in the Senate.
With the economy softening and Democrats terrified to be associated with tax hikes, the ground is shifting in Washington on the most important policy issue of the second half – whether the Bush tax cuts should be extended.
In nationwide surveys that were conducted in 2008 and 2009, the Pew Center found that 23 percent of Americans said that Hispanics were discriminated against “a lot” in society today.
On The Record with Citigroup's Head of Global M&A, Mark Shafir, about lessons learned from the financial crisis.
The financial regulation reform bill Obama signed into law Wednesday will have very little impact on Wells Fargo’s earnings and operations compared to peer banking institutions, according to Howard Atkins, CFO at Wells Fargo.
The White House’s decision not to invite the chief executives of JP Morgan Chase and Goldman Sachs to today’s ceremonial signing of the financial overhaul legislation has many on Wall Street fuming.
Lawmakers in Maine have found an unusual tool for tackling their state’s pension woes: Social Security. The NYT reports.
Now is not the time to cut off unemployment benefits in this country. Admittedly, extending the benefits will add to the Federal budget deficit, but not doing so will add to mortgage delinquencies and homelessness and will only serve to impede the still fragile recovery currently under way.
Expectant parents shopping for a home are not the only ones concerned about the date of the baby’s arrival. Mortgage lenders are taking a harder look at prospective borrowers whose income has temporarily fallen while they are on leave, including new parents at home taking care of a baby.
How black voters in California decide on Proposition 19, which would allow anyone 21 and over to possess up to an ounce of marijuana, could be critical to its success or failure.
$550 million looked like pocket change until Goldman Sachs earnings were announced today. Today's numbers, which missed analyst expectations, actually makes one think that Goldman is paying the price for last week's SEC action. Of course, their win was avoiding criminal action and other SEC regulatory activities as a result of the disastrous subprime mortgage placements.
Unemployment benefits should be extended for humanitarian reasons, billionaire businessman Mort Zuckerman told CNBC Monday.
Now that the Senate has passed President Obama’s Wall Street reform legislation, the financial industry’s representatives are combing through the legislation and trying to figure out exactly who their new regulators in Washington will be.
With a bad-blood, confidence-destroying battle royale going on between Team Obama and business, you would think a highly publicized White House jobs summit would have produced some kind of positive announcement that gives a nod to the business point of view.
From now until Nov. 2, everything coming from Washington will be aimed at the crucial House and Senate elections, which have the potential to be a tsunami, like the one in 1994 that swept Newt Gingrich to power in the House.
With the final financial regulation vote just hours away, Sen. Bob Corker, (R-Tennessee), told CNBC Thursday that President Obama lacked the leadership skills needed to create jobs and to drive the country out of the recession.
That heady buzz from the home buyer tax credit is now turning into a grinding headache, as home sellers realize their very temporary, government-induced catbird seat has now fallen back to earth.
The trend of counterfeiting goes far beyond fake purses and watches and includes consumer products like baby formula and prescription medicine and industrial products like military components.
If the Dodd-Frank Wall Street Reform and Consumer Protection Act had been in place during his tenure, would the financial crisis — and the ensuing recession — have happened? The NYT asks former Treasury Secretary Henry Paulson.