Congress
  • Paying for the Payroll Tax Cut: Higher Housing Fees?

    By Jennifer Depaul, The Fiscal Times

    In an attempt to offset the costs of extending the payroll tax cut, both parties have proposed to raise GSE guarantee fees for a savings of $38 billion. The proposal has real estate industry groups...

  • Congress: Throw in the Towel and Declare a Truce

    By Bruce Bartlett, The Fiscal Times

    Yesterday, Senate Republicans blocked the confirmation Richard Cordray to be director of the Consumer Financial Protection Bureau. Although he garnered the support of a majority of senators, Cordray’...

  • AG Eric Holder Grilled on Capitol Hill

    By PETE YOST, Associated Press

    Republican lawmakers told Attorney General Eric Holder on Thursday to fire some Justice Department subordinates over the flawed arms-trafficking investigation called Operation Fast and Furious. At a...

  • House Committee Cancels Vote on Insider Trading

    By ZEKE MILLER, Business Insider

    The House Financial Services Committee canceled a scheduled "mark-up" of a bill to ban congressional insider trading last night, amid concerns that the committee's chairman, Spencer Bachus, was...

  • GOP Blocks Cordray Confirmation as Consumer Watchdog Chief

    By JIM ABRAMS

    Senate Republicans have blocked President Barack Obama's choice to head the consumer protection agency that was created after the 2008 financial meltdown. His nominee, former Ohio Attorney General...