With Republicans in Congress unwilling to pass President Obama’s jobs bill, many believe that the Federal Reserve is the only institution left that can lift the economy out of its seemingly perpetual slump.
After the FOMC, the Federal Reserve policy committee, voted Wednesday to attempt to stimulate the economy by continuing to target low-interest rates while swapping short-term bonds for long-term bonds — in what is known as “Operation Twist” — Republicans in Congress have reacted by accusing the Fed of engaging More…
The Federal Open Market Committee, the guiding policy committee of the Federal Reserve, is gaining increasing attention from lawmakers and politicians on both sides of the aisle. Conservatives like Rep. Ron Paul (R-Texas) have dominated discussion over the Fed, with their accusations of currency devaluation and the “inflation tax.”
Last November, medical marijuana advocates launched the National Cannabis Industry Association (NCIA), a lobbying organization dedicated to representing the interests of the medical marijuana industry on the federal level. Today marks NCIA’s first official “congressional lobbying day,” during which representatives of the organization are meeting
Leadership in the U.S. House Financial Services Committee will hold a subcommittee hearing this week in advance of four bills aimed at terminating federal programs designed to keep Americans in their homes.
For reforming housing finance, there remain more questions than answers — a fact highlighted at yesterday’s “Future of Housing Finance” conference at the Treasury Department. But policymakers in Washington seem to agree on one thing: There will be no more Fannie Mae and Freddie Mac, at least not in More…
Rep. Maxine Waters (D-Calif.) will face a House ethics trial over allegations that she intervened to encourage the bailout of a bank her husband owned stock in. Waters sits on the House Financial Services Committee, and is the head of its housing and community opportunity subcommittee.
The More…
Despite Republican objections, congressional Democrats did not include reforms of Fannie Mae and Freddie Mac or of the broader mortgage market in the Dodd-Frank financial regulatory reform bill — now law. The administration has promised comprehensive reform but thus far has not named any objectives, costs More…
Speaking on MSNBC yesterday night, Rep. Barney Frank (D-Mass.) pushed for the Obama administration to choose Elizabeth Warren — a Harvard Law professor and the current head of the Congressional Oversight Panel over the Troubled Asset Relief Program — as the head of the new Consumer Financial Protection Bureau. More…
The big Senate vote was last week, but President Obama’s signature just made it official: The sweeping Frank-Dodd financial regulatory reform law is now on the books.
rss