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Banking Archive

McCarthy Raises Campaign Cash, But He's No Boehner

House Majority Leader Kevin McCarthy is one of the strongest campaign fundraisers in his conference, but he still can't hold a candle to outgoing Speaker John A. Boehner, say Republicans mulling McCarthy as Boehner's successor.

Outside Influences Seek to Sway House GOP Leadership Races

Conservative activists are mobilizing to sway the House GOP leadership contests, as K Street lobbyists say they are quietly offering their own counsel and behind-the-scenes help to favored contenders.

House GOP Civil War Takes to the Airwaves

Just two days after House Speaker John A. Boehner stunned Washington by announcing he will leave Congress next month, two top members of his House Republican conference traded barbs in a remarkably public display of internal dissent on a Sunday network news show.

McCarthy Profile: Genial Party Loyalist Rose Quickly

Speaker John A. Boehner's resignation at the end of October makes his top deputy, Majority Leader Kevin McCarthy of California, the likeliest candidate to inherit the gavel. Boehner even offered his unqualified endorsement, saying the five-term lawmaker would be an "excellent" speaker.

Boehner Profile: Achievements and Pitfalls Mark Recent Years

Speaker John A. Boehner's stunning announcement Friday that he will resign from his House seat next month caps a 25-year career marked by legislative victories and intra-party conflicts. 

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Boehner to Call It Quits; McCarthy Seen as Successor

Speaker John A. Boehner told fellow Republicans Friday morning he will resign from Congress and give up his House seat at the end of October, according to members.

Swipe Fee Reform Is a Success for Consumers | Commentary

Five years ago, Congress enacted the Dodd-Frank Wall Street Reform and Consumer Protection Act to curb the abuses and rigged games of the financial services industry — and it included landmark reform that cut the average big bank debit card swipe fee in half and saved billions for Main Street businesses and consumers.

On Fifth Anniversary, Dodd-Frank Financial Regulations Appear to Be Here to Stay

Backers of the 2010 financial overhaul point to numerous attempts to repeal Obamacare as one of their chief arguments the banking law is here to stay. They note there have been dozens of attempts to repeal the health care law, but Congress has not taken a single vote to repeal the greatest changes in financial regulation since the Great Depression.

Caviar and Airplane Sales Sweeten Iran Deal

In exchange for lifting crippling U.S., European and U.N. oil and financial sanctions, Iran agreed to a historic deal that limits its nuclear production capacity and fuel inventory over the next 15 years.

Confederate Flag Flap a Death Knell for Appropriations Work

The fiscal 2016 appropriations process effectively screeched to a halt Friday, the day after bitter divisions over a Republican Confederate flag provision sunk the Interior-Environment appropriations bill and apparently laid claim to the rest of the spending measures as well.

Treasury to Put a Woman on $10 Bill; Plans Summer-Long Search

Congress may not have much say about who will be the first woman to grace United States currency in a century despite a push by lawmakers to give a founding mother equal billing with the likes of George Washington and Abraham Lincoln.

Chances of Changing Dodd-Frank Appear to Rest With Handful of Moderate Democrats

A handful of moderate Senate Democrats will probably determine whether Congress can pass legislation making the most significant changes to the Dodd-Frank financial overhaul since it was enacted five years ago, in the wake of the economic crisis.

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Supporters Say Schumer's Ties, Interests Go Beyond Wall Street

Sen. Charles E. Schumer, the presumed next Democratic leader in the chamber, has deep ties in the lobbying and influence sector — and a reputation for being cozy with Wall Street. 

A Message to Congress, Regulators: Installment Loans Work | Commentary

Traditional installment loans are the safest and most affordable way for American families to borrow small dollar amounts.

Federal Debt: The Value Obama Didn't Address | Commentary

Under Article 2, Section 3 of the Constitution, the Founding Fathers indicated the president must brief Congress with information about and recommendations for the union. To me, this tradition represents an act of transparency, yet the president was not transparent about the federal government’s true debt in his State of the Union Address.

Schumer Passes on Top Democratic Banking Spot

Wall Street is losing the opportunity for a Democratic ally to take the party’s top spot on the Banking Committee, but the financial sector seems to be banking on that friend playing an even bigger role in leadership.

House Eyes Terror Insurance Vote as Negotiators Near Agreement

Majority Leader Kevin McCarthy said the House will vote next week on a plan to extend the Terrorism Risk Insurance Act ahead of a year-end deadline, as congressional sources reported significant progress Thursday toward a compromise agreement.

Time is Right for Real Housing Reform that Protects Property Rights | Commentary

A monumental opportunity has presented itself as Julian Castro, former mayor of San Antonio, takes over as the new secretary of Housing and Urban Development and Congress looks ahead on the critical issue of housing finance reform.

Don't Put Retirement Savers on the Hook for Bailouts | Commentary

Since the financial crisis, Washington’s mantra has been simple: no more taxpayer bailouts. This makes it curious and alarming that U.S. and international regulators are proceeding down a path that could put America’s savers—retirement plan participants, parents saving for college and young adults saving for homes—on the hook some day to bail out a “too big to fail” bank.

IRS: Bitcoin is Property, Not Currency

Virtual currencies such as bitcoin will be taxed as property rather than currency, the Internal Revenue Service said Tuesday in long-awaited guidance on online tender.




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