U.S. Senator Mike Crapo called President Barack Obama’s $447 billion jobs proposal discouraging, saying the administration is relying on unaffordable spending initiatives rather than the more fundamental policy changes needed to battle unemployment.
The U.S. Senate Banking Committee’s top Republican is asking the investigative arm of Congress to determine whether the Consumer Financial Protection Bureau is acting within its powers in a sweeping data collection effort.
U.S. Senator Mike Crapo withdrew a plan to overhaul a Dodd-Frank Act derivatives measure after Democrats assured the Idaho Republican that they would work with him to address concerns about regulatory overreach.