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Critics and supporters of a merger of American Airlines and US Airways to form the nation's largest carrier testified for the first time Tuesday in a hearing before a congressional panel. The merger, announced Feb. 14, would cost $1.2 billion in one-...
WASHINGTON -- A sharply divided House Republican leadership struggled to reach agreement on a measure to avoid part of the so-called “fiscal cliff,” as key members said they could not support the compromise approved early Tuesday by the...
Money & CompanyGold: Trading now at $1,535 per ounce, up 0.7% from Thursday. Dow Jones industrial average: Trading now at 12,432.39, up 0.2% from Thursday. Diving into the hedges. Pension funds are throwing money back into hedge funds, in part because the......
Money & CompanyThe race for the powerful chairmanship of the House Financial Services Committee, humming along largely behind the scenes, has received an Alaska-sized boost in visibility after one of the Republican contenders dissed "tea party" heroine Sarah Palin. Rep....
Money & CompanyElizabeth Warren, the Obama administration adviser setting up the controversial Consumer Financial Protection Bureau, strongly defended the new agency Wednesday against sharp Republican criticism that it is an unaccountable and dangerous new bureaucracy....
Money & CompanyThe House Financial Services Committee voted to limit the power of the new Consumer Financial Protection Bureau as Republicans continued to fight against the centerpiece of last year's Wall Street reform law. Voting largely along party lines, the...
Money & CompanyFederal Reserve Chairman Ben S. Bernanke has tried to speak plainly to the people, but it apparently isnât helping the central bankâs image. A Dec. 4-7 Bloomberg News survey of 1,000 Americans found that 39% believe the Fed should be......
Spencer Bachus, incoming House financial chairman, gets heat for saying regulators should 'serve' banksMoney & CompanyThe incoming Republican chairman of the House Financial Services Committee is facing fire for recently saying that Washington and banking regulators should "serve" the banks. Rep. Spencer Bachus (R-Ala.), who recently beat back a challenge from Ed Royce...
Top of the TicketRepublicans don't like it and Democrats do....
Money & CompanyThe government on Wednesday appeared to pull the plug on any remaining hopes that shares of Fannie Mae and Freddie Mac might be worth something. Stocks of the busted mortgage-finance titans plunged after their regulator, the Federal Housing Finance...
Last year, Congress showed a rare bit of shame after "60 Minutes" reported on stock trading by key members of the House and Senate that smelled of opportunism. The TV show spotlighted the trading activity of Republican House Speaker John Boehner of...
Contributing columnistYes, it’s irrational. And it’s what the GOP says it wants for our country, to save us from becoming “like Europe.” It’s also what the post-New Deal Democratic Party stands for, only a little less. Let’s start with...
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