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Topic - House Committee On Financial Services

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  • **FILE** Rep. Spencer Bachus, Alabama Republican (Associated Press)

    Ethics panel looking at chairman's stock trades

    The chairman of the House Financial Services Committee says he's cooperating with an Office of Government Ethics investigation into his stock trades and expects to be exonerated.

  • Sen. Scott Brown, Massachusetts Republican (AP Photo/Drew Angerer)

    Congress trying to police itself on insider trading

    Aware that most Americans would like to dump them all, members of Congress hope to regain some sense of trust by subjecting themselves to tougher penalties for insider trading and requiring that they disclose stock transactions within 30 days.

  • Inside Politics

    Republican presidential hopeful Rick Perry — with nowhere to go but up — is making an aggressive play to rise in Iowa by courting Christian evangelicals who could help revive his campaign.

  • Rep. Barney Frank arrives Monday at Newton, Mass., City Hall, where he announced he would not seek re-election in 2012. The Democrat was first elected in 1980. (Associated Press)

    MILLER: Nancy Pelosi's office without a view

    Less than a year ago, Rep. Nancy Pelosi was forced to move across the second floor hall of the Capitol, leaving behind the magnificent speaker's balcony that overlooks the National Mall. With the possibility of retaking control of the House of Representatives growing more remote by the day, the California Democrat will have to get used to the east-front view of parked cars and the visitors' center entrance as her Democratic colleagues abandon ship.

  • Consumer bureau's request for $28M raises eyebrows

    House Republicans concerned about a lack of accountability at the Consumer Financial Protection Bureau have requested information from the independent agency about its spending.

  • **FILE**  Rep. Spencer Bachus (Bloomberg)

    Panel votes to cap salaries for Fannie, Freddie executives

    Reflecting still-simmering anger on Capitol Hill about the collapse of U.S. housing markets, a congressional panel Tuesday voted to suspend lucrative executive bonuses and to cap the salaries of top officials at bailed-out mortgage giants Fannie Mae and Freddie Mac.

  • Illustration: Red tape by Linas Garsys for The Washington Times

    STIVERS: Correcting Dodd-Frank

    A picture paints a thousand words, but in the case of a foot-high stack of government regulations, it's not a pretty picture. And it's more like several-hundred-thousand words with the number of government regulations increasing tenfold under the current administration. The reality of government regulations run amok was brought home to me when one of my constituents, a local business leader, brought in a stack of new federal rules with which his company needed to be in compliance within a matter of weeks. So, instead of hiring a number of new employees on the plant floor and growing his business, this business leader had to turn the time and attention of his top-management team to interpreting and complying with these new regulations.

  • Rep. Barney Frank, Massachusetts Democrat, says tax increases must be part of the federal deficit-reduction panel's plan in order to avoid "devastating cuts." (Associated Press)

    Debt-cuts panel gets conflicting Hill input

    The congressional "supercommittee" — the bipartisan group of 12 House and Senate members tasked with finding ways to slash the federal debt — has been flooded with often conflicting suggestions from colleagues eager to tell the panel how to do its job.

  • A trader works on the floor of the New York Stock Exchange after Standard & Poor's issued a credit warning on U.S. government debt. (Associated Press)

    'Too big to fail' bank law seen as too weak to work

    A year after the enactment of a sweeping Wall Street reform law, evidence is growing that it failed in its main mission of ending taxpayer bailouts of global banks considered "too big to fail."

  • Illustration: Juggling Dodd-Frank's mess by Alexander Hunter for The Washington Times

    DUFFY: Dodd-Frank: One year later

    It was one year ago today that President Obama signed the so-called "Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010." Like other signature pieces of legislation of this administration, the name can be misleading. Like the so-called "stimulus" that stimulated nothing but more government debt, this bill fails to actually reform Wall Street or protect consumers, which is a remarkable accomplishment, considering it was more than 2,300 pages long and contained more than 400 regulations and mandates.

  • Rep. Maxine Waters, California Democrat, wants the House to dismiss an ethics case centered on a bailout for a bank where her husband is an investor. (Associated Press)

    Waters demands dismissal of House ethics complaint

    Rep. Maxine Waters on Tuesday sought dismissal of House Ethics Committee allegations that she tried to obtain a federal bailout for a bank where her husband is an investor. Her attorney said misconduct and partisanship in the committee made a fair ethics proceeding impossible.

  • Moody's reiterates credit-rating threat

    Moody's Investors Service on Wednesday moved toward downgrading the Treasury's AAA credit rating, considered the gold standard in world markets for most of the last century, warning that signs of a breakdown in the increasingly acrimonious budget negotiations have raised the likelihood of default.

  • Federal Reserve Chairman Ben S. Bernanke prepares to testify before the House Financial Services Committee on Capitol Hill in Washington on Wednesday, July 13, 2011. In his semiannual report to the panel, Mr. Bernanke said the Fed would provide additional stimulus to the economy if the current lull persists. (AP Photo/Carolyn Kaster)

    Bernanke: More Fed stimulus if needed

    Federal Reserve Chairman Ben Bernanke said Wednesday that the central bank is prepared to provide additional stimulus if the economic lull persists.

  • President Obama, flanked by lawmakers and Cabinet members, signs the Wall Street reform and consumer protection bill on July 21, 2010. Now Republican lawmakers are using legislative means to try to weaken it. Their hope is to force some compromises on agency budgets and regulatory nominees. (Associated Press)

    GOP trying to weaken financial overhaul law

    Congressional Republicans are greeting the one-year anniversary of President Obama's financial overhaul law by trying to weaken it, nibble by nibble.

  • **FILE** Rep. Jeb Hensarling, Texas Republican

    GOP uses budget, other tools to sap financial law

    Congressional Republicans are greeting the one-year anniversary of President Obama's financial overhaul law by trying to weaken it, nibble by nibble.

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