| Mar 11, 2014
| 6:02 PM
WASHINGTON — Congressional efforts to shut down bailed-out Fannie Mae and Freddie Mac took a significant step forward with bipartisan agreement from key senators on a plan to overhaul the housing finance system.
The proposal released Tuesday would...
| Mar 13, 2014
| 10:41 AM
WASHINGTON -- Stanley Fischer, the former Bank of Israel president nominated for the Federal Reserve's No. 2 job, defended his work on Wall Street and told senators at his confirmation hearing Thursday that he understood the effect of economic problems on...
| Feb 27, 2014
| 5:29 PM
WASHINGTON — The Federal Reserve is trying to figure out how much of the recent economic slowing was caused by the harsh winter weather, a determination that could prompt it to reconsider how fast it pulls back on its key economic stimulus.
| Feb 11, 2014
| 5:39 PM
WASHINGTON — The Federal Reserve's new leader, Janet L. Yellen, signaled that the central bank is likely to keep scaling back its signature stimulus program despite a recent string of weak economic data.
Making her first congressional appearance...
| Feb 12, 2014
| 8:27 AM
WASHINGTON -- Reflecting concerns that government settlements with big banks haven't been tough enough, two Democratic lawmakers want the Federal Reserve board to approve all major enforcement actions.
Sen. Elizabeth Warren of Massachusetts and Rep....
| Jun 26, 2013
WASHINGTON — Nearly five years ago, the subprime meltdown triggered a huge taxpayer bailout of housing finance giants Fannie Mae and Freddie Mac.
Now a bipartisan group of senators has launched the most comprehensive effort yet to clean up the...
| Jun 4, 2013
The latest proposal to allow payday loan stores to return to Pennsylvania was approved today by the Senate Banking Committee. I didn't attend this morning's hearing on Senate Bill 975, but got word of the committee's action from Al Bowman,......