Tag: Finance

The average household owes a record $8,600, which is more than the peak during the recession. (AP Photo/Keith Srakocic)

US credit card debt tops $1 trillion for the first time

Joseph Lawler · March 8, 2018 1:54 pm

A monitor on the floor of the New York Stock Exchange. Major U.S. stock indexes tumbled Wednesday following the departure of Trump administration economic adviser Gary Cohn, a former Goldman Sachs banker seen as a moderating influence on the president's more protectionist trade impulses. (Michael Nagle/Bloomberg)

Wall Street proves it doesn’t share Trump’s fondness for conflict

James Langford · March 7, 2018 7:14 pm

Following the 2008 financial crisis, policymakers focused solely on stability while forgetting that we need both stability and economic growth. (AP Photo/Manuel Balce Ceneta)

Small business lending can rev America’s economic engine

David Hirschmann · March 7, 2018 5:01 am

Sen. Elizabeth Warren, D-Mass., (pictured above) is set to attack a bipartisan banking relief bill by Senate Banking Committee Chairman Mike Crapo, R-Idaho. (AP Photo/J. Scott Applewhite)

Here’s how liberals will attack the bipartisan Senate banking bill

Joseph Lawler · March 7, 2018 5:01 am

This matters if we want to attract the best and the brightest to enter the highest levels of public service.

Senate takes first step to passing Dodd-Frank relief for smaller banks

Joseph Lawler · March 6, 2018 4:32 pm

Sen. Elizabeth Warren claimed Tuesday morning the bill includes provisions that will allow Wall Street megabanks to take on more risk. (AP Photo/Manuel Balce Ceneta)

Elizabeth Warren goes to war against bipartisan bill: It’s ‘all about the big banks’

Joseph Lawler · March 6, 2018 3:18 pm

Regional bankers contend that they are not Wall Street banks, and shouldn't be regulated as such. They don't compare in size to banks like JPMorgan Chase, which has over $2 trillion in assets, and their activities are closer to those of community banks than they are to the complicated financial dealings of Goldman Sachs or Morgan Stanley.

GOP’s diminished hopes for Dodd-Frank rewrite rest on Democratic help

Joseph Lawler · March 6, 2018 5:01 am

When Phil Murphy decided to run for the governorship of New Jersey in 2016 and introduced his political platform, it included a plank for a public bank. (AP Photo/Julio Cortez)

Public banking gets a toehold in New Jersey

Joseph Lawler · March 6, 2018 5:00 am

The Congressional Budget Office estimates a new legislative package being shepherded by Banking Committee Chairman Mike Crapo, R-Idaho, would add a total of $671 million to federal deficits over the next 10 years. (Andrew Harrer/Bloomberg)

Budget office: Senate bank regulatory relief bill would raise risk of a bailout

Joseph Lawler · March 6, 2018 2:24 am

Randal Quarles, The Federal Reserve vice chairman responsible for coordinating regulatory policies, said banking agencies will "proceed with dispatch" to revise the Volcker Rule, meant to prevent banks from speculating with deposits insured by taxpayers. (Zach Gibson/ Bloomberg)

Trump administration prepping ‘material changes’ to key post-crisis banking rule

Joseph Lawler · March 5, 2018 7:05 pm

Treasury official Craig Phillips, speaking at the Trump International Hotel to a conference of the Institute of International Bankers, said that the Trump administration is almost ready to begin rewriting the "Volcker Rule," a massive undertaking that will involve five agencies. Ã¢â¬Â©(Andrew Harrer/Bloomberg)

Rewrite of ‘Volcker Rule’ for banks coming soon, Treasury official says

Joseph Lawler · March 5, 2018 3:19 pm

Neither the House nor the Senate is expected to take up a gun control measure next week, despite urging from the public and President Trump. (AP Photo/Pablo Martinez Monsivais)

Energy and Environment

Next week: Congress to focus on spending, reg reform instead of stalled gun bill

Susan Ferrechio · March 3, 2018 2:00 pm