President Barack Obama nominated Representative Mel Watt to be director of the Federal Housing Finance Agency after months of political pressure from consumer advocates to find a new overseer for Fannie Mae and Freddie Mac.
Senate hearings, lawsuits and an Internal Revenue Service questionnaire are placing new scrutiny on nonprofit groups that spend millions of dollars on political campaigns without disclosing their donors.
Companies giving at least $2 million to the Congressional Black Caucus Foundation -- nearly half of its reported 2010 donations -- also backed an organization championing voter identification laws that caucus members say “suppress” minorities’ right to vote.
Democratic lawmakers paid respects to a slain black Florida teenager as a senior member of the Congressional Black Caucus offered his “heartfelt condolences” to his parents for “the shock, the tragedy” of their loss.
The Obama Administration is gearing up to produce tougher regulations that may reduce the amount of federal financial aid flowing to for-profit colleges, cutting the companies’ annual revenue growth by as much as a third.