Obama Presses for Delay, but Sequestration Cuts Imminent
President Barack Obama urged Congress Tuesday to delay the looming sequestration cuts by passing a package of both spending cuts and tax hikes, but reports said Wednesday that Obama’s plan was DOA in the House.
On J.P. Morgan Call, Optimism Reigns on Election, Fiscal Cliff
Speakers see room for optimism on changes in Congress, possible tax reforms.
As Congress Keeps SEC Budget Flat, SRO Specter Still Lurks
Before breaking for recess, Congress passed early Saturday a continuing resolution that would nearly flat-line the SEC's budget, renewing worries that a House bill calling for an SRO for advisors will be revived next year.
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.
The STOCK Act’s Lameness
"Send me a bill that bans insider trading by members of Congress and I will sign it tomorrow,” President Obama proclaimed in his State of the Union on Jan. 24, 2012.
The Next Congress
This year’s congressional elections hold considerable potential to reshuffle power on Capitol Hill.
Industry Groups Press DOL for ‘Progress Report’ on Fiduciary Redraft
The Financial Services Institute and Financial Services Roundtable are pressuring the Department of Labor to release a “progress report” on the department’s redrafting of its rule amending the definition of fiduciary under ERISA.
In Dodd-Frank Slap, Looser Derivatives Rules Approved by House Panel
On Wednesday, the House Financial Services Committee voted to send on three pieces of legislation that are designed to loosen derivatives rules put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Deficit Supercommittee: Are You Ready for More Political Football?
Everything you wanted to know about the Congressional supercommittee, and when its recommendations need to be made.
Wanna Beat the Market by 6.6%? Join Congress
A new study published this year finds a 6.6% annual market-beating advantage for members of the House between 1985 and 2001. Rep. Nancy Pelosi scored a 203% multimillion-dollar return on an IPO at a time when ordinary investors lost 15%...