Toyota's stay in the penalty box won't be a quick one. If the last week has shown us anything it's the fact hearings, lawsuits, and a steady stream of stories about Toyota being slow to recall millions of potentially dangerous will keep flowing for some time.
House Ways and Means Committee Chairman Charles Rangel says he can't turn over political contributions linked to indicted billionaire Allen Stanford, because the money has already been donated to charity.
In the context of the old cliché abut the Fed taking away the punch bowl just as the party is getting going, it's more like taking away the super-sized cups; you really weren’t going to drink it all anyway.
Senate banking committee Chairman Christopher Dodd (D-Conn.) and Republican member Bob Corker (R-Tenn.) hope to have a draft version of a bipartisan bill on financial regulatory reform next week with markup beginning the following week
The White House and congressional leaders are preparing a detailed health care proposal designed to win passage without Republican support if GOP lawmakers fail to embrace bipartisan compromises at next week's summit.
At long last I have found my new hero. He is rotund and profound, graced with a hint of "Sopranos" and a hefty dose of obstinate common sense. He is Chris Christie, the newly elected governor of New Jersey, and this morning on CNBC’s "Squawkbox" he his first national TV appearance since his Obama-smiting election—and Christie crushed it.
Federal and state officials, many facing record budget deficits, are starting to aggressively pursue companies that try to pass off regular employees as independent contractors. The New York Times reports.
An October trial date in New York has been set for Raj Rajaratnam, charged in what prosecutors call history's largest hedge fund insider trading case. The founder of New York-based Galleon Group, entered a not guilty plea to an updated indictment released by prosecutors last week.
Break out the bubbly, for at long last we have irrefutable evidence that the Great Recovery is at hand: Here come the lawyers.
Scott Phillips had to close his small plumbing company after the housing bubble burst and his business dried up. Roshonda Bolton lost her job when the garment and uniform factory where she had worked for 16 years shut down last August.
While the younger generation, very visibly led by Lloyd C. Blankfein, chief executive of Goldman Sachs, lobbies Congress against such regulation, their spiritual elders support the reform proposed by Paul A. Volcker and, surprisingly, even more restrictions. The New York Times reports.
Imagine if, one year ago, Congress had passed a stimulus bill that really worked. The New York Times explains that's exactly what happened.
Washington’s new political reality has left the fate of comprehensive healthcare reform uncertain, but there’s still plenty Congress and the Obama administration can do to improve the American healthcare system, writes this CEO.
Billy Tauzin, the former Louisiana congressman, is resigning as president of the drug industry trade group Pharmaceutical Research and Manufacturers of America amid internal disputes over its pact with the White House to trade political support for favorable terms in the proposed health care overhaul.
An ex-Goldman Sachs programmer was charged on Thursday for stealing propriety computer codes used to support his former employer's high-frequency trading system.
A decade ago, New York City officials were so reluctant to give out food stamps, they made people register one day and return the next just to get an application. The welfare commissioner said the program caused dependency and the poor were “better off” without it.
With criminals growing increasingly sophisticated and organized, identity fraud is once again on the rise, according to a survey released by Javelin Strategy & Research.
President Barack Obama said a Tuesday meeting with top House and Senate leaders from both parties "went very well," but continued to ask for more bipartisan cooperation on pending legislative matters.
As the record federal budget deficit draws increasing scrutiny from Washington to Wall Street to Main Street, deficit hawks may take aim at entitlement programs including Social Security. And, the nearly 80 million Baby Boomers phasing into retirement will set in motion a dynamic that—if not addressed by Congress—could result in the next generation getting fewer benefits.
Senate banking committee chairman Christopher Dodd (D-Conn.) says negotiations on a bipartisan regulatory reform bill for the financial sector have "reached an impasse" and as a result he will move forward with a revised version of his draft legislation first unveiled in Novermber.