Congress Erupts Over Fed Chair Investigation
Congress erupted after the Department of Justice announced a criminal investigation into Federal Reserve Chairman Jerome Powell over the $2.5 billion renovation of the Federal… Read More
PoliticsCommentary
Should Taxpayers Be on the Hook for Bailing out Large Corporations? New Legislation Suggests Yes
Taxpayers shouldn’t be subsidizing banks and large corporations. Nor should government be making bank failures more likely. But Congress just introduced bipartisan legislation that would… Read More
PoliticsNews
Wyoming GOP Senator Hails Ohio’s Husted, Blasts Democrat Seeking Comeback as ‘a Failure’
A Wyoming Republican senator on Tuesday endorsed newcomer Sen. Jon Husted, R-Ohio, as a “proven leader” and sharply criticized Husted’s likely 2026 challenger, a Democrat… Read More
EconomyNews
Unlikely Duo Wins Senate Panel’s Unanimous OK on Housing Bill
Can Congress make housing more affordable? That’s the question that a new, bipartisan bill seeks to answer. The legislation was passed unanimously out of the… Read More
EconomyNews
Cryptocurrency Legislation Gains Momentum in Hill Negotiations
Crypto is taking over Capitol Hill. President Donald Trump has repeatedly underlined a friendly regulatory regime for cryptocurrency as a legislative priority, and his administration’s… Read More
PoliticsNews
5 Keys to Understanding Biden’s Nominee for Top Economist Who Pushed for IRS Expansion, Green New Deal
On Thursday, the Senate Banking Committee will consider whether to advance the president’s adviser who has been called “Joe Biden’s man on the left” and… Read More
Don’t Be Fooled: Johnson-Crapo Bill Isn’t Significant Housing Reform
In an effort to reform the nation’s housing finance system, Senate Banking Chairman Tim Johnson (D-S.D.) and ranking member Mike Crapo (R-Idaho) will hold a… Read More
GSE Reform: Eliminate Fannie and Freddie, but Don’t Replace Them
The President’s State of the Union address overshadowed some very important news relating to housing finance reform. Last Wednesday, Senators Bob Corker (R–TN) and Mark… Read More
EconomyNews
Bernanke’s Defense of Fed Policies Neither Comforting nor Convincing
Do the risks from the Federal Reserve’s trillion-dollar annual stimulus program justify the rewards? That was the central question at Tuesday’s Senate Banking Committee hearing… Read More
Taxmageddon Is Slowing the Economy Now
The uncertainty caused by Taxmageddon—the one-year $494 billion tax increase that looms on January 1, 2013—is strong enough to slow the economy months before it… Read More
VIDEO: Senator Says Confirming Consumer Czar Would Be ‘Devastating’
Richard Cordray, President Obama’s pick to lead the Consumer Financial Protection Bureau, won approval from the Senate Banking Committee last week on a party-line vote. His… Read More
Washington in a Flash: Debt Deal Divides Conservatives
Today marks the Obama administration’s debt deadline, and lawmakers in both parties are rushing to comply. The House hurriedly passed the Budget Control Act yesterday on a… Read More
News
Washington in a Flash: Dodd-Frank Anniversary No Cause for Celebration
The Senate Banking Committee welcomes Rep. Barney Frank (D-MA) to testify on the first anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act…. Read More
Senate Financial Regulation Bill: How Fast Can You Read 1,336 Pages?
At 1,336 pages, the Dodd financial services regulation bill proposal, which the Senate Banking Committee will begin to consider today, includes language that could create… Read More
