Senate Banking Committee members Thursday continued talks in the hope of crafting a bipartisan bill covering sweeping reform of the financial sector, with panel chairman Christopher Dodd signaling that there was still no agreement yet on where and how a new consumer watchdog agency would fit into the current regulatory structure.
The idea to make brokers fiduciaries who have a responsibility to put their customers’ interests first may not survive in the financial overhaul bill.
"We’re really close," said Sen. Bob Corker (R-Tenn.). "We’ve had a really good day. We’re getting to a place where Democrats and Republicans both can get comfortable with this. March 3 has been the best day yet in the process."
Three senior GOP members of the Senate Banking Committee have made a new proposal for the consumer financial protection agency to Democratic chairman Christopher Dodd.
Rush Limbaugh was pretty fired up about my interview earlier this week with Cato's Alan Reynolds.
The Justice Department is looking into whether hedge funds worked together to drive down the value of the euro, according to a report Wednesday in The Wall Street Journal.
Sen. Jim Bunning was right all along. He was just trying to get the Senate to enforce its own pay-go budget rule and actually find $10 billion of spending cuts out of a $3.5 trillion budget to pay for extended unemployment benefits and other items in a catch-all spending bill.
A proposal to give the Federal Reserve the primary responsibility for protecting consumers from abusive and deceptive financial products emerged on Tuesday as a potential breakthrough after months of partisan gridlock in the Senate over the terms of a broad overhaul of financial regulations.
If you look to Congress, or the political class in general, leadership seems to be getting to where the crowd is already going and pretending you led them there.
Under the latest proposal, the Federal Reserve would be given new powers to protect consumers in dealing with financial services companies and their products, according to sources.
Following you'll find a full transcript of Fast Money's exclusive interview with Obama economic advisor Larry Summers.
A weekend of talks between Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Bob Corker (R-Tenn.) yielded some progress on crafting a bipartisan bill for financial regulatory reform, but there's no indication that a deal is imminent, several sources said.
My CNBC colleague Mary Thompson recently interviewed Harry Markopolos who for nearly ten years; tried, and failed, to alert regulators and investors of Bernie Madoff's $65 billion dollar Ponzi scheme.
Given the current trouble Congress is experiencing getting a financial regulatory bill out of the Senate, this underscores some of the confusion about arcane financial products and confusion over how to address their risks (if any) towards the financial markets.
Thousands of the nation’s largest water polluters are outside the Clean Water Act’s reach because the Supreme Court has left uncertain which waterways are protected by that law, according to interviews with regulators.
Positions were formed long ago and the talk-fest provided photo ops and little more. Observers took away what they wanted.
Senate negotiators continue to work on a bipartisan financial regulatory-reform bill, following talks Saturday that yielded no "real progress", according to one source.
Senate Banking Committee Chairman Christopher Dodd has offered a slightly watered-down proposal for a consumer watchdog agency for financial products in an effort to win Republican support.
An inability to keep short sellers in check may mean a higher authority is needed to instill discipline in the markets. Cramer interviews Sen. Ted Kaufman for more on the issue.
If you've been confused by year-long wrangling over health care reform, and the fierce differences between the parties, let me try to make it simple.