A day after snubbing liberal activists who were pushing for tougher campaign-finance regulations, President Obama took a swipe at the Supreme Court Wednesday for its "wrong" ruling five years ago on the issue.
Banking & Finance
The latest coverage of the banking and financial sectors.
By Jim McElhatton - The Washington Times
More than two dozen conservative groups pressed the Senate Judiciary Committee on Thursday to look into whether the federal prosecutor's office run by attorney general nominee Loretta Lynch violated restitution and crime victim laws in a major stock fraud case. Published January 22, 2015
Vice President Joseph R. Biden defended his boss's State of the Union address Wednesday morning, saying that Republicans are trying to claim credit for a recovery caused by programs the Obama administration has put in place.
President Obama's State of the Union speech Tuesday set a record for most veto threats as he promised to nix legislation to tweak Obamacare, change the Dodd-Frank Wall Street legislation, undo his deportation amnesty, and approve stronger sanctions to punish Iran for its nuclear program.
President Obama has been in office exactly six years, and the wealthiest have never had it so good — and even the 2013 tax increase hasn't been able to dampen their climb.
Escalating his battle with congressional Republicans, President Obama will propose $320 billion in higher taxes in his State of the Union address, mostly by raising the rate on capital gains and closing tax loopholes for wealthier families, senior administration officials said Saturday.
Activists trying to recruit Sen. Elizabeth Warren, Massachusetts Democrat, to run for president in 2016 are scheduled to kick off an organizational effort in the early presidential primary state of New Hampshire on Saturday.
Marching toward his State of the Union address later this month, President Obama on Monday laid out new privacy proposals to protect American consumers and students from identity theft and data breaches.
The top Democrat on the House Budget Committee unveiled Monday the party's plan to overhaul the tax code by raising taxes on Wall Street and big business and redistributing wealth to working-class American families, saying it would fix a broken system that favors the rich.
A Wall Street banker picked by President Obama to serve in a top spot at Treasury has withdrawn from consideration, citing the "distraction" his Senate confirmation hearing would cause, White House officials said Monday.
House Democrats, fresh off massive election losses, say the problem is they didn't make a bold enough case for tax increases and wealth transfer to the poor. They rectified that Monday with a speech by Rep. Chris Van Hollen proposing tax increases on the wealthy with the money going straight to tax cuts for the poor and middle class.
Sounding ever the presidential contender, liberal firebrand Sen. Elizabeth Warren outlined a sweeping Democratic agenda Wednesday that included raising the minimum wage, breaking up Wall Street banks and raising taxes on big business to help shore up entitlement programs and pay for infrastructure projects.
Former House Majority Leader Eric Cantor says the new GOP-led Congress and President Obama need to set aside their differences over the next two years to focus on measures that will grow the economy, such as new trade pacts.
Upon returning from Hawaii this week, President Obama will confront a growing firestorm around a key Treasury nominee, with senators across the ideological spectrum seemingly ready to do battle with the White House in one of the first political fights of 2015.
The outgoing chairman of the Senate Foreign Relations Committee said Sunday that recently announced sanctions against North Korea are a good first step but that they don't go far enough to deter further cyber attacks.
After years of being blocked by Democratic leader Harry Reid, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve's decision-making.
A committee that included top U.S. banking regulators overturned the finding from a senior bank examiner that investment banking giant Goldman Sachs lacked adequate internal controls to prevent potential conflicts of interest, a watchdog group reported Monday.
In one of the most rigorous studies of its kind, two economists have concluded that an increase in the federal minimum wage in the mid-2000s resulted in substantial job losses and lower net income for the low-skilled workers the hike was supposed to benefit.
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It was — and always is — enlightening to be outside the D.C. Beltway, where manufacturers grapple not only with increasing and sustaining sales, but with the real-world implications of Washington's latest action or inaction.