Yellen Confirmed by Senate to Become Fed Chairman
Yellen, who will replace Bernanke after Jan. 31, will be the first woman to head the central bank in its 100-year history.
Senate Pushes House on Fiscal Cliff
Speaker of the House John Boehner called for Congess to reconvene on Sunday.
Lawmakers Head Back to Work With Fiscal Cliff Looming
El-Erian and Lieber of Washington Analysis weigh in on the proper course to avert automatic cuts on Jan. 1.
After Obama Victory, How the New Government Is Shaping Up for Advisors: Updated
Some notable newcomers—Elizabeth Warren, for one—join Congress, which remains divided between the two parties as fiscal cliff, tax issues come to fore of national agenda. FPA and FSI's leaders and lobbyists weigh in on what's next.
11 Key Congressional Committees for Advisors to Worry About
As the election approaches, not just the White House and Congress are in play, but also control of congressional committees important to advisors and others in the financial services sector.
Sen. Corker: SEC Nearing a Money-Market Fund Solution
The senator urged the SEC in a letter to move ahead with further reform, saying “a run on money-market funds is still a real risk.”
The Next Congress
This year’s congressional elections hold considerable potential to reshuffle power on Capitol Hill.
Senate Banking Committee to Hold Hearings on JPMorgan Loss, Other Key Issues
Sen. Bob Corker called Friday for a hearing on the JPMorgan loss. The Banking Committee chairman said Monday the group would hold a series of hearings that will cover that situation, along with money-market funds and Dodd-Frank.
European Concerns Dominate Senate Banking Hearing
The Senate Committee on Banking, Housing and Current Affairs heard testimony from three experts on the state of the financial situation in Europe on Thursday, and sought answers to additional questions as members explored how the U.S. might be exposed to the eurozone debt crisis.
Obama’s 2013 Budget Raises Taxes on Top Earners, Bolsters SEC Budget
President Barack Obama on Monday released his 2013 budget to Congress, which includes boosting taxes for higher income earners as well as allocating more funds to the SEC.