When Senate Majority Leader Harry Reid went "nuclear" last winter, he just might have saved a major part of Obamacare from a huge challenge it faces.» Read More
The State Senate on Tuesday, clearing aside decades of opposition, put New York on a course to adopt no-fault divorce. The NYT reports.
There once was a time when the government relied on a very blunt way of regulating the economy. But then came the market revolution of the last three decades. We've now come full cirlce, says the New York Times.
Congress allowed emergency health care assistance for unemployed workers to expire May 31, and seems unwilling to renew it despite pleas from President Barack Obama.
It's time for President Obama to skip the tough talk and take decisive action to clean up the BP oil spill in the Gulf of Mexico, says CNBC's Dennis Kneale.
The financial markets hate uncertainty and the 'Mother of All Uncertainties' is looming in December, when Congress is supposed to decide what will happen to the Bush tax cuts, which are set to expire at midnight on Dec. 31.
Wall Street officials, who have invested heavily in lobbying against the Lincoln amendment, are hoping Tuesday's Arkansas run-off race will be its death sentence.
For the first time since Barack Obama’s inauguration 16 months ago, we’re beginning to think there’s a reasonable chance he’ll be just a one-term president.
American industries of all kinds—from travel and telecom to construction and energy—would be poised to profit if the 52-year trade embargo with Cuba were lifted. Among the first businesses to cash in would be those involved with tourism, most experts agree.
The list of House Financial Services Chairman Barney Frank includes six subcommittee chairs and Joint Economic Committee Chairwoman Carolyn Maloney.
Despite an economic embargo against Cuba that has existed for a half century, Americans and citizens of US allies routinely conduct business with the country, including trade and tourism.
Democrats in the state Senate on Monday countered Gov. Arnold Schwarzenegger's proposed budget cuts with a plan to raise taxes by nearly $5 billion, largely by extending temporary taxes and delaying corporate tax breaks for two years.
The Senate Thursday voted in favor of ending debate on a sweeping packaging of financial reforms, clearing the way for a final vote on whether to approve the legislation as early as Friday.
Sources say there are the 60 votes necessary to end debate on a sweeping packaging of reforms, setting up a final vote on whether to approve the legislation in the days ahead.
U.S. Senate Democratic Leader Harry Reid said he hopes to hold another vote on Thursday on wrapping up debate on a Wall Street reform bill.
After last night’s primary elections, a pipedream came to me: A new tea-party center is forming in the Republican Senate caucus
Senate Democrats are close to holding a final vote on a major financial reform bill but disagreement over a few controversial measures threatens to drag the process into next week.
Party-switching Sen. Arlen Specter fell to a younger and far less experienced rival in the Pennsylvania Democratic primary, and political novice Rand Paul rode support from tea party activists to a Republican rout in Kentucky on Tuesday, the latest jolts to the political establishment in a tumultuous midterm election season.
The Senate has approved major items such as too-big-to-fail authority, Federal Reserve audits and larger capital requirements for banks, but major battles still loom.
In the latest sign of the zeal in Congress to get tough on Wall Street, the Senate approved two initiatives on Thursday aimed at addressing the role that major credit rating agencies played in the 2008 financial collapse, including a proposal to end the reliance on companies like Moody’s Investors Service and Standard & Poor’s.
Former President Bill Clinton says it is "time to lower the rhetoric and talk about the facts," in reference to the government's scrutiny of Wall Street.