The U.S. Senate is set to vote this week on President Barack Obama’s nominees to lead the Federal Reserve and the Internal Revenue Service as part of a series of confirmation actions before the year ends.
The U.S. Senate will resume consideration of presidential nominees next week after leaders agreed to temporarily halt all-night sessions used by Republicans to protest losing the option to block candidates.
Wall Street faces more intensive government scrutiny of trading after U.S. regulators issued what they billed as a strict Volcker rule today, imposing new curbs designed to prevent financial blowups while leaving many details to be worked out later.
Elizabeth Warren, in her first year as a U.S. senator, has captured headlines by pressuring such industry titans as Goldman Sachs Chairman Lloyd C. Blankfein for transparency, including a Dec. 4 call for Wall Street banks to disclose their contributions to policy groups that provide financial analysis to Congress.
Senate Majority Leader Harry Reid said he’s weighing a change to the chamber’s rules on handling nominations after Republicans blocked three of President Barack Obama’s choices for a federal appeals court in the past month.
President Barack Obama’s one-year reprieve for Americans losing health insurance achieved at least one political aim: to slow a Democratic rush toward a bill to curtail Obamacare coming to a vote today in the House.
Senate Majority Leader Harry Reid may move ahead with changing rules on nominations as soon as today in response to Republicans’ blocking three of President Barack Obama’s choices for a federal appeals court.
President Barack Obama must name a Commodity Futures Trading Commission member with the experience needed to ward off Wall Street lobbying over the Volcker rule and speculation limits, nine Democratic senators said.