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Ben Weyl is associate editor of CQ Weekly magazine, and has been a reporter and editor at CQ Roll Call since 2008. He previously was editor of CQ Roll Call’s Banking and Finance blog, and was a staff writer on CQ’s economics and finance team. A New Jersey native, Weyl is a graduate of Grinnell College in Iowa and lives in Washington, D.C.
The comic book-like frames show hideous monsters oozing through Washington and attacking the White House.
The improving financial health of the Federal Housing Administration, partly the result of a recovering housing market, is giving the Obama administration room to take executive actions on affordable housing.
Add affordable housing to President Barack Obama’s list of unilateral actions on which he’s flexing his muscles at an unfriendly Congress.
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…
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.
“Not the first time that I’ve swallowed hard in my congressional career.”
It looks increasingly likely that we won’t have Ben S. Bernanke to kick around much longer.
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.
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.
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.
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.
The Senate Finance Committee scheduled a vote for Tuesday on Jacob J. Lew’s nomination to succeed Timothy F. Geithner as Treasury secretary.
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.
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.
Senate Republicans say they once again have the votes to block President Barack Obama’s pick to head the Consumer Financial Protection Bureau.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.