Stories by Ben Weyl:
Dec. 5, 2014
Long derided by critics as an inflexible ideologue, House Financial Services Chairman Jeb Hensarling is about to reach a major compromise to reauthorize the Terrorism Risk Insurance Act, potentially boosting his standing as he flexes his muscles in the next Congress.
In his first two years as chairman, the Texas Republican advanced a fiercely conservative agenda, showing little inclination toward conciliation. That’s changed over the past few days, as he closed in on an agreement with…
Dec. 4, 2014
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.
Sept. 10, 2014
“Not the first time that I’ve swallowed hard in my congressional career.”
May 13, 2013
It looks increasingly likely that we won’t have Ben S. Bernanke to kick around much longer.
May 1, 2013
President Barack Obama said Wednesday that he would nominate Rep. Melvin Watt to lead the Federal Housing Finance Agency, the regulator that oversees Fannie Mae and Freddie Mac, but the initial response from some lawmakers and industry representatives suggests a sharp political fight over his confirmation.
March 31, 2013
A day after labor and business groups struck a deal on a new guest-worker program, key senators said they are within reach of finalizing an immigration overhaul proposal.
Feb. 26, 2013
Federal Reserve Chairman Ben S. Bernanke strongly defended the Fed’s monetary stimulus before a Senate panel on Tuesday, saying Congress itself is placing a “significant” burden on the economy with the sequester and urging lawmakers to replace the deep budget cuts set to take effect Friday with more measured, long-term deficit reduction.
Feb. 24, 2013
The White House is aiming its latest warnings about the dire consequences of deep across-the-board spending cuts at an audience beyond the Beltway, issuing a new report Sunday that breaks down the effects on every state.
Feb. 24, 2013
The Senate Finance Committee scheduled a vote for Tuesday on Jacob J. Lew’s nomination to succeed Timothy F. Geithner as Treasury secretary.
Feb. 13, 2013
Jacob J. Lew emerged relatively unscathed from his nomination hearing to serve as Treasury secretary, putting the administration’s choice to replace Timothy F. Geithner on a likely easy path to confirmation.
Feb. 12, 2013
Barring an unexpected revelation or major slipup, Jacob J. Lew almost certainly will secure a relatively smooth path to approval as Treasury secretary after a confirmation hearing Wednesday that lawmakers will use as a forum to score political points against Obama administration fiscal policies.
Feb. 1, 2013
Senate Republicans say they once again have the votes to block President Barack Obama’s pick to head the Consumer Financial Protection Bureau.
Jan. 25, 2013
Senate Republicans won an important victory over President Barack Obama on Friday, when a federal appeals court ruled that his appointments to the National Labor Relations Board a year ago were unconstitutional. GOP lawmakers quickly responded by calling for the appointees to resign and for the board to shut down.
Jan. 24, 2013
President Barack Obama is making a case for strengthening oversight of the financial industry with his nominations of former prosecutor Mary Jo White to be chairwoman of the Securities and Exchange Commission and Richard Cordray as director of the Consumer Financial Protection Bureau.
Jan. 11, 2013
Senate Democratic leaders urged President Barack Obama on Friday to be prepared to lift the debt ceiling “without congressional approval” if Republicans block legislation and default is imminent.
Jan. 8, 2013
Although White House Chief of Staff Jacob J. Lew has relatively little experience dealing with the financial industry, that may not matter all that much if, as widely reported, President Barack Obama intends to nominate him on Thursday to be the next Treasury secretary.
Jan. 2, 2013
With the fight over fiscal cliff issues only just resolved, the battle lines already are being drawn and important policy and economic implications measured for a coming showdown on the federal debt ceiling.
Dec. 9, 2012
With the White House and congressional Republicans publicly deadlocked — but privately negotiating — to steer clear of the fiscal cliff, top lawmakers were left with little to do on Sunday’s talk shows except exchange partisan attacks, even as some predicted a deal would be reached.
Dec. 6, 2012
Democrats aren’t expecting ongoing fiscal cliff negotiations or the threat of spending offsets to derail their push this month to pass a multibillion- dollar superstorm Sandy aid package.
Dec. 6, 2012
The Senate on Thursday took up and then abruptly dropped a test of President Barack Obama’s bid to take the sting out of the debt limit, providing a brief public showdown over an issue linked to fiscal cliff negotiations.
Dec. 5, 2012
If President Barack Obama and congressional Republicans are unable to agree to lift the debt ceiling, Obama could take extraordinary measures that would avoid a crippling government default but would surely invite Republican outrage and likely trigger a constitutional crisis.
Dec. 2, 2012
When Federal Reserve Chairman Ben S. Bernanke spoke recently of headwinds facing the U.S. economy, the top item on his list was housing.
Dec. 2, 2012
The push by President Barack Obama and Senate Democrats to make it easier for homeowners to refinance their mortgages is based on a simple premise: Interest rates are at historic lows. That means modifying a loan at today’s rates would put serious money in the pockets of homeowners — some $3,000 per year under Obama’s plan, he says.
Nov. 27, 2012
Democratic leaders emboldened by this year’s electoral victories are driving a hard bargain on a potential deficit reduction package, pushing to raise taxes significantly in a short time period, while resisting major spending cuts as part of an agreement during the lame-duck session.
Nov. 21, 2012
As fiscal cliff talks home in on raising revenue through the tax code, the housing industry is sounding the alarm to the consumer market that the mortgage interest deduction may be in the cross hairs.