'Your papers, please' must never be heard in America
Independent voices from the TWT Communities
A key House lawmaker said he plans to press both American bankers and U.S. regulators as Congress steps up its probe into a interest-rate-setting scandal that has erupted on both sides of the Atlantic.
A lobbyist known as one of California's most successful power brokers while serving as a legislative leader in that state paid Rep. Maxine Waters' husband $15,000 in consulting fees at a time she was co-sponsoring legislation that would help save the real-estate finance business of one of the lobbyist's best-paying clients, records show.
President Obama and congressional Democrats on Wednesday marked another major legislative milestone as he signed into law a sweeping overhaul of the nation's financial regulatory system.
Congressional negotiators on Wednesday jettisoned a House amendment that threatened to interfere with the Federal Reserve's anti-inflation efforts while widening the public window for viewing into the Fed's secretive lending and securities market activities.