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.
GOP Senators Optimistic After Obama Meeting on Debt Ceiling
“I’m glad we had the discussion,” said Sen. Kelly Ayotte, R-N.H. “Now we have to put the words into action and get this resolved.”
Nonprofits Blast Church Group’s Call to Loosen Political Speech Rules
“This actually contaminates our advocacy work,” the head of Independent Sector said of the church commission's report calling for the change...
Lew Has Work Cut Out for Him as Treasury Head
Jacob Lew is scheduled to be sworn in Thursday as Treasury secretary and will have to hit the ground running.
SEC’s Aguilar Calls for Harsher Penalties Against Repeat Fraudsters
The SEC must re-evaluate the strength of its initial settlements and “specifically design” a program to combat repeat fraudsters, SEC Commissioner Luis Aguilar said.
The Penalty Box: Would Stiffer SEC Fines Make Evildoers Think Twice?
An upcoming bill would raise the penalties the SEC can impose on financial ne'er-do-wells. Maybe Congress’ time would be better spent increasing the likelihood that the SEC will catch anyone—by, oh, I don’t know, maybe increasing their funding?
Philanthropy Focus: DAFs Get a Nod From Treasury
A Treasury report of donor-advised funds finds that their payouts are not below average, but a powerful critic was not assuaged.
Tough Talk From Social Security's Chief Actuary on Retirement
Testifying before the Senate on July 15, Stephen Goss, chief actuary of the Social Security Administration, said that encouraging Americans to "work longer and be more productive can potentially contribute to meeting" financial challenges.
Financial Reform Bill: Sen. Cantwell Switches to 'Yes' Vote
Republican Senators Brown, Grassley, Snowe, and Collins still undecided.
Lawmakers pool for hedge fund bill
Now that actual legislation has been drafted, top hedge funds have been "skittish" about their initial support of government oversight and more transparency. Dan Molinski...