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    The societal benefits of obscure financial products are negligible, and regulation of the financial industry won’t hamper US competitiveness, according House Banking Committee Chairman Barney Frank told CNBC Monday.

  • James Cameron

    You don’t have to be the director of the world’s highest grossing film to get a meeting with the President at the White House. But it doesn’t hurt.

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    The SEC filed a civil suit against Goldman Sachs on Friday accusing the financial giant of making "misleading statements and omissions" in connections with CDOs that were structured and marketed to investors.

  • A participant at a Tea Party Express rally displays a sign critical of the Obama administration on April 13, 2010 in Albany, New York. The Tea Party Express will head to Boston on Wednesday where the headline speaker at an afternoon rally will be Sarah Palin.

    So much is being written in the mainstream media about who the tea partiers are, but very little is being recorded about what these folks are actually saying.

  • US House Minority leader John Boehner looks on as Senate Minority leader Mitch McConnell speaks to reporters following their meeting with President Barack Obama and the bipartisan Congressional leadership about the financial reform.

    As the Obama administration and Senate Republicans clash over the future of the nation’s financial regulatory system, there is one principle on which they agree: Taxpayers should never again have to bail out giant financial institutions.

  • A key banking regulator said that banks have performed well, relative to the stress test, after the worst financial crisis since the Great Depression and that losses are significantly less than expected.

  • A participant waves an American flag at a Tea Party Express rally in Albany, New York.

    Tea Party supporters are wealthier and more well-educated than the general public, and are no more or less afraid of falling into a lower socioeconomic class, according to the latest New York Times/CBS News poll.

  • Piglet

    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.

  • Dick Armey

    The revolving door between Washington and Wall Street is an oft-noticed phenomenon here, but in recent years, the migration from Congress to the financial services firms that are trying to stave off greater federal regulation has become more pronounced. The NYT reports.

  • "There are so many taxes, I have three different tax attorneys that have to advise me on them." Good for tax attorneys. But not good for so many others.

  • In the spirit of tax week, here's a terrific video hosted by my old friend Dan Mitchell showing how a flat tax would benefit American families and businesses.

  • Pamela Anderson

    California officials say former "Baywatch" star Pamela Anderson has failed to pay $493,000 in personal income tax. Anderson is on the annual list of delinquent taxpayers released Monday by the California Franchise Tax Board.

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    The number of new tax laws in recent years has been staggering. In 2009 alone, the American Recovery and Reinvestment Act added hundreds of new provisions and changed many existing laws...And we haven't even begun to mention tax law changes affecting businesses.

  • US Debt Clock

    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.

  • Avon Products has put four executives on administrative leave, including three in China and one in New York, as part of an investigation of bribery allegations.

  • Thomas Hoenig

    I want a different regime. I’m calling it cowboy monetarism. What do I mean by that? I want Wall Street to be scared to death of the Federal Reserve. I don’t want them lying around in bed with the Fed — I want them running scared.  

  • President Barack Obama

    Sometimes you have to take out your political lenses and look at the actual statistics to get a true picture of the health of the American economy. Right now, those statistics are saying a modest cyclical rebound following a very deep downturn could actually be turning into a full-fledged, V-shaped, recovery boom between now and year-end.

  • ...Is fear itself. Fear may be the single biggest obstacle holding back this stock market from the rise it truly deserves.

  • Paul Volker

    He may very well be the greatest central banker of all time. But with all due respect, Volcker’s call this week for a European-style VAT (as well as a carbon tax) is itself a historic mistake.

  • American healthcare reform

    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.