Peter Schweizer, "Throw Them All Out" author, explains insider trading by members of Congress and the pending Senate bill.
President Obama is pretty much doomed to a director-less Consumer Financial Protection Bureau through next year.
President Obama's nominee to run the Consumer Financial Protection Bureau got a hearing on Tuesday, but that may be all he gets.
The new Consumer Financial Protection Bureau is having a tough time reaching the very people it is aiming to protect -- consumers.
A Senate Republican vow to block any nominee to lead the new Consumer Financial Protection Bureau gives President Obama no choice but to appoint a head of that agency during congressional recess, a top House Democrat said Wednesday.
Three economists will share the 2010 Nobel Prize for their work on how government policy affects unemployment, the Royal Swedish Academy of Sciences announced on Monday.
Senator Lisa Murkowski (R-Alaska) responds to a DNC ad about the oil spill and Rep. Barton's recent apology to BP.
A top Democrat kept up the Joe Barton drumbeat Sunday, saying the Republican legislator's defense of BP last week was an example of GOP ideology that favors big business.
As lawmakers began the final push Thursday on a comprehensive Wall Street reform bill, lobbyists also made their final push -- in congressional hallways, on BlackBerrys and cell phones, and at restaurants and bars near Capitol Hill.
As the Senate continues to debate Wall Street reform for the next few weeks, there is one issue that could threaten final passage: Consumer protection.
The Senate overwhelmingly passed its first major change to the Wall Street reform package Wednesday, approving a bipartisan deal to unwind big financial firms that are considered too big to fail.
The Senate began work Thursday on a bill that aims to prevent the next financial crisis.
The Senate officially kicked off debate of Wall Street reform on Wednesday evening.
Republicans end their fillibuster on Wall Street reform but still disagree with Democrats over how to best protect consumers.
Republicans ended their filibuster of Wall Street reforms Wednesday when the Senate agreed without a vote to begin debate on a financial regulations bill.
Jack Cafferty asks: Why did Senate Republicans block financial reform legislation when two-thirds of Americans want it?
President Obama took his message for Wall Street reforms to America's heartland for a second day on Wednesday as Senate Democrats failed for a third time to win a vote on starting public debate on the matter.
President Obama challenged Republicans to allow a debate on Wall Street reforms, telling an Iowa crowd Tuesday it's not right for the GOP to prevent a proposal from coming up in the Senate.
Senate Democrats failed Tuesday - for the second time in two days - to muster the 60 votes needed to start debating Wall Street reform.
Senate Democrats failed to muster enough votes Monday to take up Wall Street reform, with a key Democrat voting with Republicans against the push to get the debate started.
Senate Democrats want to bring a Wall Street reform bill to the floor as soon as Monday.
Several sticking points need to be hammered out if Senate leaders are to succeed in bringing a compromise Wall Street reform bill to the floor this week.
Reform or no financial reform deal?
With President Obama pushing hard, the Senate is on the verge of taking up a hotly disputed Wall Street reform measure.
With SEC charges against Goldman Sachs in the background, Democrats plan to start debating the Wall Street reform bill in the Senate this week, even as Republicans continue to say they oppose the bill.
Northrop Grumman Corp. said it will not bid on a multi-billion-dollar contract to build a new air refueling tanker for the U.S. Air Force because it believes the rules for the contract favor its competitor, Boeing.
One senator made Washington grind to a halt. CNN's Dana Bash has the first interview with Sen. Richard Shelby.
The bidding competition to replace an aging refueling tanker fleet has only reinforced Sen. Richard Shelby's anger at the U.S. Air Force.
A second Senate effort to come up with financial reform legislation could run aground unless a deal on protecting consumers is reached.
Three faculty members were killed and three other school employees were wounded Friday in a shooting at the University of Alabama in Huntsville, a school spokesman said.
A shooting at the University of Alabama in Huntsville has wounded several people. Affiliate WAAF has the video.
The fate of a consumer financial protection agency was thrown in doubt Friday, as the Senate Banking Committee chief said he planned to push a bill forward without Republican support.
Federal Reserve Board Chairman Ben Bernanke moved a step closer to keeping his job on Thursday as a Senate Banking committee voted to confirm his nomination.
More than a year after the financial system came to the brink of collapse, Congress is finally starting to make headway on bills that aim to prevent future catastrophes.
Kyle Graddy and family document their trip to The Hill, where they lobby for laws to manage food allergies in schools.
My name is Kyle Graddy. I'm 9 years old and I have a peanut allergy. I traveled to Washington last week to help myself and other kids with food allergies to have a safer experience at school.
A key Republican leader demanded Sunday that House Speaker Nancy Pelosi produce evidence to back up her assertion that she was misled by the CIA on the use of so-called "enhanced interrogation techniques."
House Speaker Nancy Pelosi is engaging in a "despicable, dishonest and vicious political effort" to withhold what she knew about the CIA's harsh interrogation techniques, former Speaker Newt Gingrich said Friday.
Pennsylvania Sen. Arlen Specter announced Tuesday he plans to switch from the Republican Party to join the Democrats.
In case you hadn't noticed, Americans are having a rough time with the New World Order as it applies to saving the economy.
President Obama ends limits on stem cell research funding, saying it's time to end a false choice between morals, science.
What's the best way to fix the nation's banking system? Well, at least two senators making the rounds on the Sunday morning political TV gabfests think it's to let the megabanks fail.
With Congress bogged down on his administration's $800 billion-plus stimulus package, President Barack Obama is hoping to rally public support with a brief campaign-style road trip Monday, heading to a part of the country particularly hard hit by the economic downturn.
Leading Republicans warned Sunday that the Obama administration's $800 billion-plus economic stimulus effort will lead to what one called a "financial disaster."
Sens. John McCain and Richard Shelby say the stimulus bill is heavy on spending.
The Treasury Department overpaid for the assets it purchased as part of the $700 billion financial sector bailout, according to testimony of a bailout oversight official before Congress on Thursday.
The House of Representatives handily passed a bill Wednesday night that would provide up to $14 billion in bridge loans to automakers, but Republican opposition cast doubt about the bill's fate in the Senate later this week.
The House passed a stopgap $14 billion bailout to U.S. automakers Wednesday evening, but Republican opposition cast doubts about its fate as it moves on to the Senate.
A Republican rebellion stalled government efforts Thursday to avoid economic meltdown, no bailout plan set.
Congressional leaders say they are near an agreement on a $700 billion bailout package for Wall Street, but many Republican members of Congress are still balking at the deal.
The debate over whether Washington should enact an extraordinary bailout of the nation's financial system reached a fever pitch at a Senate hearing on Tuesday.
Paulson and Bernanke's three-page plan to rescue the American financial system may wind up with many more pages, but it is likely to win approval
The Bush administration urgently pressed Congress in public and private Tuesday to move quickly on a $700 billion bailout of the financial industry
On the day of the first public discussion between lawmakers and the administration about the Treasury's $700 billion financial rescue proposal, the debate is being framed by a few key issues.
Experts are cautiously optimistic that the massive federal bailout of the nation's financial sector will solve the credit crisis that hit Wall Street this week.
U.S. lawmakers were set to hold urgent talks with Treasury and Federal Reserve officials over the weekend to nail down details of a $700 billion economic rescue plan designed to eliminate the "toxic debts" that have pitched Wall Street and global markets into chaos over the past week.
Treasury Secretary Henry Paulson says further action is needed to shore up the economy.
Congressional leaders said Friday that they were determined to quickly pass a massive plan to stabilize the financial market after they heard a "sobering" assessment from the administration's economic team.
Treasury Secretary Henry Paulson on Friday didn't mince words when it came to the cost of his latest proposal to stem the credit crisis.
The federal government, in what will be its most far-reaching attempt yet to contain the financial crisis, is poised to establish a program to let banks get rid of mortgage-related assets that have been hard to value and harder to trade.
The Defense Department will push back its decision on a $35 billion tanker contract to the next administration, delaying again the hotly disputed competition between Boeing and Northrop Grumman to replace the Air Force's aging aerial refueling fleet
The House on Wednesday voted 272-152 to pass sweeping legislation that will offer up to $300 billion in assistance to troubled homeowners and throw government support behind mortgage finance giants Fannie Mae and Freddie Mac.
Treasury Secretary Henry Paulson was hammered by lawmakers on Tuesday over the Bush administration's plan to prop up mortgage finance giants Fannie Mae and Freddie Mac.
The Pentagon will reopen bidding Wednesday for one of the largest contracts in military history, Sen. Richard Shelby, Republican of Alabama, said in a statement on his Web site.
Several top banking regulators warned lawmakers Thursday of more troubles ahead for the industry, including additional writedowns and the possibility that bigger banks could fail.
Senate Banking Committee leaders said Monday that they have come to a deal on a housing bill that would prevent foreclosures, create affordable housing and revamp oversight of two of the mortgage market's biggest players: Fannie Mae and Freddie Mac.
Treasury Secretary Henry Paulson is talking tough, but don't expect Washington to bring Fannie Mae to heel till the housing crisis eases.
Key lawmakers spent Thursday trying to broker a deal on a bill that would allow the government to insure up to $300 billion of home loans and overhaul oversight of key players in the mortgage industry.
The momentum behind congressional efforts to let the government offer more aid to struggling homeowners has hit stiff resistance.
As the mortgage crisis grows, Congress considers legislation that would provide $300 billion in new loans.
A bill that would allow the government to guarantee new mortgages for homeowners facing foreclosure passed the House on Thursday, but it faces a veto threat from the White House and an uncertain fate in the Senate.
The House on Thursday passed a contentious foreclosure-prevention package, which still faces a veto threat from the White House and an uncertain fate in the Senate.
The House on Wednesday began debate on a housing package that would let the government back loans for homeowners at risk of foreclosure - a move many Republicans have opposed and which the White House has threatened to veto.
Lend a hand to distressed homeowners? No way, say many, who worry the tab will come out of their pockets as taxpayers.
House lawmakers are planning to vote Tuesday on an overhaul of a federal agency that insures mortgages against default in an effort to help struggling homeowners avoid foreclosure.
A U.S. military plane with three U.S. senators and a U.S. House member onboard came under rocket fire while leaving Baghdad, Iraq, for Amman, Jordan, Thursday night and had to take evasive maneuvers.
U.S. legislators will ask rating agencies why they made "mind-boggling" decisions to award investment grades to questionable mortgage-backed securities, the leading Republican on a Senate committee said on Monday.
The House Financial Services Committee asked the Federal Reserve and the U.S. Treasury Department to testify at a hearing Sept. 5 that will examine the current crises in the credit and mortgage market, Chairman Barney Frank, a Massachusetts Democrat, said Monday.
The Senate immigration compromise was effectively killed Thursday, failing to pass a critical procedural hurdle.
These are some facts from tonight's show that you might find interesting.
As Congress recessed in late July, the insurance industry was confident that upon its return, a hearing would be set to renew the $100 billion safety net the industry wants the U.S. Government to pledge in the event of a costly terrorist attack.
The Bush administration and some Republican leaders in Congress are pushing for tighter regulation on mortgage financing firms Freddie Mac and Fannie Mae, according to a published report.
LAST DECEMBER, WHEN THE SEC RULED that mortgage giant Fannie Mae had overstated its profits by some $9 billion since 2001, many of the company's longtime supporters, both in Washington and on Wall ...
A Republican senator is under investigation in the leak of classified al Qaeda communications that apparently referred to the terror attacks of September 11, 2001, law enforcement sources said Saturday.
Before this year ends, maybe before we even know about Bush vs. Kerry, the great 20-Year War over the expensing of stock options will no doubt be decided. Yes, it was way back in the mid-'80s that ...
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