Wall Street’s biggest lobbying groups banded together to sue the Commodity Futures Trading Commission, seeking to curb the overseas reach of its rules and rein in a regulatory barrage by its departing Chairman Gary Gensler.
As White House, Federal Reserve and Treasury Department staff prepare Janet Yellen to face the U.S. Senate for her nomination as the next Federal Reserve chairman, one experience remains seared in their memories: Ben S. Bernanke’s close call in 2010.
Judd Gregg, the former U.S. senator who has been an adviser to Goldman Sachs Group Inc., was named chief executive officer of the Securities Industry and Financial Markets Association, Wall Street’s largest lobby group.
After the partisan passions and heated rhetoric, the disruptions of a government shutdown and displays of dysfunction, Congress did what it could have done weeks ago: voted to fund the government and lift the debt limit.
A stalemate over U.S. fiscal policy that shut the government for 16 days “encouraged our enemies” and slowed economic growth, President Barack Obama said a day after Congress passed a bipartisan accord to avert default.
The financial overhaul legislation, which has drawn the opposition of all 41 Republican senators, may still attract bipartisan support, said Senator Judd Gregg, a New Hampshire Republican and member of the Banking Committee.