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Congressional Debate Devolves Into Meat Loaf Lyrics

Congress is obviously a shitshow these days, but at least there was some levity Wednesday to temper the constant stream of legislative trauma. According to NPR's Morning Edition, the Senate's Committee on Banking, Housing, and Urban Affairs was debating the Economic Growth, Regulatory Relief, And Consumer Protection Act when Sen. Sherrod Brown cited one of…

The Export-Import Bank may soon have an anti-gay, anti-woman, anti-foreigner president

The Senate Banking Committee could vote this month to approve former congressman Scott Garrett (R-NJ) as the president of the Export-Import Bank, which helps U.S. businesses broker deals abroad. President Trump, who previously opposed the Ex-Im Bank before reversing course, nominated Garrett, who previously tried to shut down the bank, back in April. Because of […]

Senate committee advances bipartisan measure rolling back some bank regulations

A Senate committee on Tuesday approved bipartisan legislation that is aimed at easing regulations on smaller banks but also provides significant benefits for many large financial institutions. Supporters of the bill from Senate Banking Committee Chairman Mike Crapo (R-Idaho) — including nine Democrats...

Senate committee advances bipartisan measure rolling back some bank regulations

A Senate committee on Tuesday approved bipartisan legislation aimed at easing regulations on smaller banks. Supporters of the bill from Senate Banking Committee Chairman Mike Crapo (R-Idaho) — including nine Democrats and one independent — called it a sensible step to reduce burdens, mostly on...

Senate panel OKs Trump's pick, Jerome Powell, for the next Federal Reserve chief

A Senate committee has approved Jerome H. Powell's nomination to replace Janet L. Yellen as chair of the Federal Reserve. Tuesday’s 22-1 vote by the Senate Banking Committee clears the way for full Senate approval in the coming weeks before Yellen's term ends Feb. 3. The only “no” vote came from...

Nine Things We Learned on Tuesday About the Next Fed Chairman

John Cassidy writes about the Senate Banking Committee confirmation hearing for Jerome Powell, Donald Trump’s nomination to take over for Janet Yellen as chairman of the Federal Reserve.

Watch Live: Senate Banking Committee 'Grills' Trump's Fed Chair Nominee Jerome Powell

Just two weeks after President Donald Trump announced that Fed Governor Jerome “Jay” Powell would be his pick to succeed Janet Yellen as chairman of the Federal Reserve, he is appearing today before the Senate Banking committee in a confirmation hearing that’s viewed as a virtual certainty. The hearing begins at 10 am ET. Show More Summary

10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, BWLD)

Here is what you need to know. Powell to testify. President Donald Trump's nominee for Federal Reserve chair, Jerome Powell, will testify before the Senate Banking Committee on Tuesday. The GOP tax plan could slam into a wall. The Senate Budget Committee is expected to take up the GOP tax bill on Tuesday, and Sen. Show More Summary

Trump Fed nominee Jerome Powell faces 2 big questions at his Senate confirmation hearing

President Donald Trump's nominee to replace Janet Yellen as Fed chair, Jerome Powell, faces his confirmation hearing before the Senate Banking Committee on Tuesday. Powell is likely to face questions on how he will approach the Federal...Show More Summary

State Sen. Tony Mendoza booted from leadership posts pending sexual harassment investigation

The Senate Rules Committee voted Monday to strip state Sen. Tony Mendoza of his leadership positions, including chairmanship of the banking committee, pending the outcome of an investigation into sexual harassment allegations by three women against the Democratic lawmaker from Artesia. Holding...

Testing Progressives, Centrist Dems Team Up with GOP to Deregulate Banks

(CQ Roll Call via AP Images) Senators Mark Warner and Elizabeth Warren talk before the start of a Senate Banking, Housing and Urban Affairs Committee hearing in February. rickle-downers_35.jpg D espite Republican leaders’ best attempts...Show More Summary

The Senate Is Getting Ready to Erode Obama’s Landmark Wall Street Law

On Monday, the Senate Banking Committee announced that it struck a rare bipartisan deal to deregulate banks. The deal would gut several of the protections enacted in 2010 in response to the financial crisis as part of the Dodd–Frank Wall Street Reform and Consumer Protection Act, most notably a key rule requiring that “Too Big […]

#AM_Equality Tipsheet: November 2, 2017

HRC URGES SENATE TO REJECT ANTI-LGBTQ EXPORT-IMPORT BANK NOMINEE: Scott Garrett, Trump’s nominee to lead the Export-Import Bank, had his hearing yesterday before the U.S. Senate Committee on Banking, Housing, and Urban Affairs. “Scott Garrett is not qualified to be the President of the Export-Import Bank of the United States. Show More Summary

U.S. lawmakers reach agreement on new North Korea sanctions

By Patricia Zengerle WASHINGTON (Reuters) - Republican and Democratic U.S. senators on Wednesday said they agreed on a new package of sanctions on North Korea, and that the Senate Banking Committee would act on the legislation next week, while President Donald Trump is on his first trip to Asia since taking office. Show More Summary

US lawmakers reach agreement on new North Korea sanctions

2 months agoNews : The Raw Story

Republican and Democratic U.S. senators on Wednesday said they agreed on a new package of sanctions on North Korea, and that the Senate Banking Committee would act on the legislation next week. Among other things, the “Otto Warmbier Banking Restrictions Involving North Korea Act of...

The Latest: Senate panel to consider North Korea sanctions

The Latest on Congress and North Korea (all times local): 6:00 p.m. Members of the Senate Banking Committee say they've reached an agreement on legislation to strengthen and expand U.S. … Click to Continue »

Wells Fargo Shares Dip As Bank Fires 4 FX Traders Following Investigations

Wells Fargo CEO Tim Sloan received the patented Elizabeth Warren treatment during testimony before the Senate Banking Committee last month when the Massachusetts Senator accused him of sharing in the blame for the bank’s fraudulent sales...Show More Summary

Senate Will Probably Confirm Trump's Fed Pick, But Not Without Some Drama

There could be some awkward moments if Powell is selected and sits down with Republican Banking Committee members Toomey of Pennsylvania and Dean Heller of Nevada, both of whom voted against him in the past. The two were among 20 Republicans who opposed him in 2012 when he was confirmed to complete an unexpired Fed term. Show More Summary

'Monopoly Man' Explains 'His' Stunt in Online AMA

She came, she saw, she conquered the Equifax Senate Banking Committee hearing —dressed up like the "Monopoly Man." Amanda Werner went viral after she donned her top hat, mustache, and monocle Wednesday to resemble Rich Uncle Pennybags, sitting behind ex-Equifax CEO Richard Smith, and on Friday, Werner addressed her adoring...

Lindsay Lohan’s parents threaten to sue a senator for his comment about giving LiLo ‘keys to the minibar’

Sen. John Neely Kennedy (R-La.) might have scored a few laughs at a Wednesday committee hearing when he made a funny-for-the-Senate (hey, it’s a low bar, people!) comment. Here’s the setup: The Senate Banking, Housing and Urban Affairs Committee was questioning the former head of credit reporting company Equifax, which was hacked last month, leading […]

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