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By Brahma Chellaney
Beijing's creeping aggression signals a challenge to U.S. presence in the Asian Pacific
Independent voices from the The Washington Times Communities
Topic - Senate Banking, Housing And Urban Affairs Committee
With the East Coast earthquake still a fresh memory, lawmakers on Capitol Hill are pushing a bill designed to cut rates so more homeowners can afford quake insurance coverage, but the scope of the plan remains a big question mark with critics arguing that California would be the big winner at the expense of the rest of the nation.
Senate Republicans said Tuesday the new Consumer Financial Protection Bureau has too much unfettered power and President Obama's choice to head the agency should not be approved.
Federal Reserve Chairman Ben S. Bernanke and other regulators gave Congress an update Thursday on their efforts to implement the biggest overhaul of the nation's financial rules since the Great Depression.
Federal Reserve Chairman Ben S. Bernanke sparred with tea party Republicans on Capitol Hill on Tuesday while downplaying the likelihood that soaring oil prices will hurt the economy or cause a surge in inflation.
Federal Reserve Chairman Ben S. Bernanke went to Capitol Hill on Wednesday to defend himself against the latest assault by Republicans on the Fed's loose money policies.
The problems in the mortgage industry go far beyond the controversy over flawed foreclosure documents and call for an overhaul of the system of administering home loans, the state attorney general leading a nationwide investigation told a Senate panel Tuesday.
Corporate earnings continued at a fast and furious pace this week, and we started to hear from a wider variety of companies. Again, however, it was a mixed bag.
With the outlook for the economy "unusually uncertain," Federal Reserve Chairman Ben S. Bernanke advised Congress on Wednesday not to precipitously cut stimulus spending in a drive to rein in the deficit.
Fights over derivatives and bailouts are getting more attention, but Senate Republicans are planning a battle over two federal agencies created by Senate Democrats' financial-regulation bill, warning that the proposed agencies give the government new ways to tap into consumers' personal information.
Profits from government-sponsored mortgage giants Fannie Mae and Freddie Mac - not taxpayers - would back up a home loan rescues for struggling borrowers under a plan approved by a key Senate committee yesterday.