The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.» Read More
When it comes to earmarks—lawmakers spending on their pet projects—Congress has gone on a diet. Earmarks have declined 10.2 percent in the 2009 fiscal year.
The government’s surging deficit can be cut, easy. Getting it done? Almost impossible. Economic recovery and the end to stimulus spending will do the heavy lifting in Treasury's plan to slash the deficit.
First-term Rep. Betsy Markey is convinced that once people learn what's in President Barack Obama's new health care overhaul law, they'll support it. But it's not a message she was eager to carry in person to her constituents in Republican-leaning eastern Colorado.
End the public lifeline for large financial institutions, Republicans are demanding as they push back against Democratic efforts to set new rules for the financial industry.
The White House is revving up its lobbying efforts to help Senate Banking Chairman Christopher Dodd win enough support in the full Senate for a financial reform bill, sources tell CNBC.com.
House Democratic leaders are believed to be at least a half-dozen votes short of the 216 votes they need to pass health care reform, but have said they are confident they can secure the needed votes. The New York Times reports.
U.S. House of Representatives Democratic leader Steny Hoyer said Friday that Democrats would have the support necessary to pass the healthcare reform bill in a vote expected Sunday.
Senate Republicans say the "door is open" to negotiating a bipartisan bill on financial reform with Democrats, but "there will be a lot of Republican votes against it as it is," says the GOP's senior member of the banking committee.
President Barack Obama's much-challenged health care overhaul gained traction Wednesday as a liberal lawmaker became the first to switch his opposition and Catholic nuns declared their support in an unusual public break with the bishops.
Speaker Pelosi is as good as it gets in wrestling votes for legislation she favors. She is the female version of that titan, Tip O'Neill (D. Mass.) who famously said, "All politics is local." But as good as she is, the Speaker seems to have come up short with the necessary votes to get the Senate version of the health care bill passed in the House of Representatives.
As they prepare for climactic votes on health care reform, lawmakers face an angry public that isn't likely to applaud any decision they make, according to a new NBC News/Wall Street Journal poll.
Sen. Chris Dodd’s financial-regulation proposal raises the possibility of substantial progress on the road to ending “too big to fail” and bailout nation for banks and other financial institutions.
If there is a protracted battle on any nominee or if any nominee is withdrawn after they are proposed, the process has the potential to wipe out most of the summer and part of the fall. This would leave little time to pass any meaningful legislation before Congress adjourns before the mid-term elections.
Senate Banking Committee Chairman Christopher Dodd Monday unveiled a new, more moderate blueprint for sweeping financial reform in an attempt to win bipartisan support.
The ranking GOP member of the Senate Banking Committee, Richard Shelby, says he agrees with "85-90 percent" of what panel chairman Chris Dodd is expected to unveil his his bill today.
She's done it again. Former Hewlett-Packard CEO Carly Fiorina has released another attention-grabbing campaign video, as she seeks to beat out two Republican rivals and take on Sen. Barbara Boxer in November.
President Obama is going all in on the health care plan. He postponed an overseas trip to be on hand for a hoped for vote on the plan this coming Friday.
A financial-reform bill expected from Senate Banking Chair Chris Dodd on Monday earned praise from his GOP counterpart, Bob Corker, but the two sides remained far from an agreement.
GOP members of the Senate Banking Committee fired off a letter to committee chair Chris Dodd this weekend, expressing concerns over a bill he plans to unveil on Monday.
Stocks may have a hard time finding traction ahead of the Fed's Tuesday meeting, but the trend for the market is clearly higher, strategists say.