What Makes a Nonbank SIFI? GOP Lawmakers Demand Answers
“Both FSB and FSOC appear to take a ‘we-know-it-when-we-see-it’ approach” to identifying systemically risky firms, the House Republicans say in a letter.
Ryan Budget Seeks to ‘Tighten’ SEC’s Belt
But SEC Chairwoman Mary Jo White told lawmakers the same day that there was "an immediate and pressing need" for more funding for advisor exams.
Friedman: Senate Control Within GOP’s Reach, but Tea Party Could Weaken Grasp
Republicans' prospects for retaking the Senate and White House could fade if the party tilts too far right, says Washington Update's Andy Friedman.
House Passes Bill to Rein In CFPB
The bill replaces the director with a bipartisan board and cuts bureau workers’ pay; Senate support for the measure is unclear.
House GOP Prepared to Vote on Clean Debt Ceiling Raise
House GOP members were unable to get enough support for debt limit plan to mostly eliminate a cut in the military retirement cost-of-living adjustment.
Yellen, Not Debt Ceiling Debate, to Spark Washington Fireworks
While Yellen will face tough critics Tuesday, analysts are optimistic that a debt limit bill will pass prior to the Feb. 27 deadline.
Lawmakers: SEC Failed to Analyze Volcker Rule, Broke Federal Law
A congressional hearing on Wednesday focused on the unintended consequences of the Volcker Rule.
Bob Doll: 10 Economic Predictions for 2014
The Nuveen chief equity strategist said his overarching theme this year was “less fear, more confidence.”
Budget Bill Nears Senate Passage
The Senate advanced the measure over a filibuster threshold on a 67-33 vote, ensuring it will pass the chamber no later than Wednesday.
Dodd and Frank, Together Again, Defend Their Namesake Law
Appearing together in public for the first time since retiring from Congress, Christopher Dodd and Barney Frank defended controversial aspects of the landmark legislation.