Senator David Vitter of Louisiana and Representative Rob Bishop of Utah, both Republicans, will propose legislation this week aimed at raising U.S. oil production to help cut reliance on foreign imports.
The Senate approved an amendment to the regulatory-overhaul bill authorizing a one-time audit of the Federal Reserve’s emergency-lending programs, and defeated a second proposal that would have allowed continuous inquiries.
The Federal Reserve would be subject to a one-time audit of its emergency lending programs under an amendment passed by the Senate while dodging a more far-reaching proposal to allow continuous inquiries into central bank policy.
U.S. Commodity Futures Trading Commission nominee Sharon Y. Bowen is facing renewed questions about her role in overseeing a panel that ruled against compensation for victims of R. Allen Stanford’s fraud.
Federal Reserve policy makers have publicly debated whether to maintain their bond-buying pace since well before Janet Yellen was named last month to succeed Chairman Ben S. Bernanke. One voice has been missing: Yellen’s.