| Sep 19, 2013
| 5:45 PM
Michael Barr served as the U.S. Treasury Department's assistant secretary for financial institutions in 2009 and 2010. He oversaw the Obama administration's dealings with Congress in creating the Consumer Financial Protection Bureau.
And he's still...
| Sep 17, 2013
| 7:00 AM
WASHINGTON -- As the nation fast approaches its debt limit, Treasury Secretary Jacob J. Lew on Tuesday issued his strongest warning yet to Congress about the economic consequences of waiting until just before the deadline to pass an increase.
| Oct 2, 2013
| 11:43 AM
WASHINGTON -- Top Wall Street chief executives met with President Obama on Wednesday and warned of severe economic consequences if the standoff over the federal budget and debt limit is not ended soon.
Goldman Sachs Chief Executive Lloyd Blankfein said...
| Oct 2, 2013
| 7:47 AM
WASHINGTON -- The private sector added a disappointing 166,000 net new jobs last month and significantly revised down its estimate for August in a sign that labor market growth weakened through the summer, payroll processing firm ADP said Wednesday.
| Oct 4, 2013
| 6:57 AM
WASHINGTON -- The partial government shutdown reduces the federal government's expenses but not enough to significantly push back the mid-October date by which the debt limit needs to be raised, according to Treasury Department officials and a think-...
| Oct 1, 2013
| 6:00 AM
The big banks got Uncle Sam off their backs fairly quickly. It's taken a bit longer for smaller institutions, including Cathay General Bancorp in L.A.'s Chinatown.
After nearly five years, Cathay General has retired its debt to taxpayers for the capital...
| Sep 13, 2013
| 7:51 AM
WASHINGTON -- Gene Sperling, a feisty defender of President Obama's economic policies, is leaving the White House after more than four years as a top advisor, officials said Friday.
He will be replaced as director of the president's National Economic...
| Sep 30, 2013
| 1:06 PM
WASHINGTON -- Standard & Poor's said Monday that the current impasse over funding the federal government and raising the debt limit probably would not lead to another downgrade of the U.S. credit rating -- as long as the stalemate didn't last long....
| Oct 3, 2013
| 7:59 AM
WASHINGTON -- A federal government default caused by a failure to raise the debt limit could trigger a worse financial crisis than in 2008, the Treasury Department said Thursday in a report designed to pressure Congress to act before the Oct. 17 deadline....
| Oct 12, 2013
| 12:50 PM
WASHINGTON – For the first time since a political impasse shut down the government, the Senate’s top Republican and Democrat have started negotiations to try to resolve the stalemate.
Senate Majority Leader Harry Reid (D-Nev.) and Minority...
| Sep 27, 2013
| 5:47 PM
Oil and gas giant ExxonMobil Corp. plans to extend benefits to same-sex spouses of its U.S. workers after a landmark Supreme Court ruling in June that struck down the federal Defense of Marriage Act.
The change, effective Tuesday, follows a long-...