Voters bring clarity to the fog of campaigns, and Iowans made one thing clear: We'll stay in the fog for quite a while.» Read More
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.
Over the last year, the Obama administration has pressed forward on hundreds of new mandates, while also stepping up enforcement of rules by increasing the ranks of inspectors and imposing higher fines for violations. The New York Times explains.
Public attitudes toward the economy have created ominous political problems for the Democratic Party and for Wall Street, according to the new NBC News/Wall Street Journal poll.
The Senate’s decision to drop a $50-billion resolution fund from its package of financial reforms increases the chance that the Obama administration can push through a controversial $90-billion bank tax.
Some fear the bill will wind up giving preferential treatment to big firms, while others worry that the American taxpayer will remain on the hook, much the way it happened with the near failuremof AIG and others in 2008.
After three entire days, the Republicans finally relented Wednesday after reducing bailout language in the current Dodd bill, but the debate and amendment process is just beginning.