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Many businesses are willing to back a tax bill that eliminate their preferred tax breaks in return for lower rates. But from the financial industry's perspective, a plan to pre-tax savings just to raise revenues on paper could be a bad target.
Business

Republicans could target 401(k)s in tax reform gimmick

Joseph Lawler -
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Wells Fargo's Timothy Sloan will appear before the committee on Oct. 3, and then Equifax's Richard Smith will appear the next day. (AP)
Economy

Equifax, Wells Fargo CEOs to be brought before Senate committee in early October

Joseph Lawler -
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Economy

Janet Yellen: Wells Fargo’s fake accounts scandal is ‘egregious and unacceptable’

Joseph Lawler -
0
Financial Services Committee members argued that the agency rushed to cut a deal for $100 million when it could have sought $10 billion for the megabank's fake accounts scandal. (AP Photo/Matt Rourke)
Economy

House Republicans fault CFPB for settling with Wells Fargo for 1 percent of potential

Joseph Lawler -
0
News

Senators ask Equifax how it will help servicemembers hit by data breach

Anna Giaritelli -
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Former President Barack Obama made $400,000 for a speech he gave to clients of Northern Trust Corp. last month, according to a report. He is scheduled to headline Cantor Fitzgerald LP's healthcare conference next week. (AP Photo/Michael Probst, FILE)
News

Obama making $400,000 speeches to Wall Street firms: Report

Caitlin Yilek -
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Conservatives give Trump a pass on the debt ceiling, but next time it could get ugly
Economy

Conservatives give Trump a pass on the debt ceiling, but next time it could get ugly

Joseph Lawler -
0
Equifax now estimates approximately 145.5 million Americans were impacted by the breach, rather than the original estimate of 143 million Americans. (AP Photo/Mike Stewart, File)
News

Equifax executives step down after massive security breach

Diana Stancy Correll -
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A total of 39 senators and representatives wrote to DeVos Thursday asking for an explanation of the decision, and who the agency may have worked with before reaching it. (AP Photo/Nati Harnik)
Economy

Democrats demand answers from Betsy DeVos on student loan decision

Joseph Lawler -
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Treasury Secretary Steven Mnuchin's move coincides with Secretary of State Rex Tillerson emphasizing that such aggression is a factor in whether Trump will stick with the nuclear deal or not. (Jim Lo Scalzo/Pool via Bloomberg)
National Security

Trump sanctions entities for cyberattacks against US banks

Joel Gehrke -
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