Democrats on the House Financial Services Committee used the testimony of Treasury Secretary Steven Mnuchin to hammer him with questions in a series of tense exchanges about the Treasury Department’s role in understanding President Donald Trump’s financial dealings.
Democrats on the House Financial Services Committee used the testimony of Treasury Secretary Steven Mnuchin to hammer him with questions in a series of tense exchanges about the Treasury Department’s role in understanding President Donald Trump’s financial dealings.
The House passed a government spending bill on Thursday that would provide a small funding boost for energy storage research as part of the appropriations for energy and water development programs in fiscal 2018.
The House passed a government spending bill on Thursday that would provide a small funding boost for energy storage research as part of the appropriations for energy and water development programs in fiscal 2018.
Lawmakers and White House officials who have been developing the Republican tax reform plan said Thursday that they're setting aside a key element of the House GOP tax reform "blueprint" that would have imposed a tax on import income while exempting exports.
Lawmakers and White House officials who have been developing the Republican tax reform plan said Thursday that they're setting aside a key element of the House GOP tax reform "blueprint" that would have imposed a tax on import income while exempting exports.
President Donald Trump's nominee to be the top Federal Reserve official in charge of bank supervision told senators Thursday that he favors a range of changes to existing financial regulatory policy that could impact bank capital requirements, stress testing and the designation of insurance companies as "too big to fail."
President Donald Trump's nominee to be the top Federal Reserve official in charge of bank supervision told senators Thursday that he favors a range of changes to existing financial regulatory policy that could impact bank capital requirements, stress testing and the designation of insurance companies as "too big to fail."
PayPal Holdings Inc. is dominating the money transfer ecosystem — but there’s room for competitors. That’s a key takeaway from a new Morning Consult poll that found PayPal to be the most consistently used application or service for money transfers and payments.
PayPal Holdings Inc. is dominating the money transfer ecosystem — but there’s room for competitors. That’s a key takeaway from a new Morning Consult poll that found PayPal to be the most consistently used application or service for money transfers and payments.
Attorney General Jeff Sessions' recent announcement of a new Justice Department directive concerning civil asset forfeiture was panned by critics on the left and right, and a new Morning Consult/POLITICO survey shows most Americans aren't receptive to it either -- regardless of their political persuasion.
Attorney General Jeff Sessions' recent announcement of a new Justice Department directive concerning civil asset forfeiture was panned by critics on the left and right, and a new Morning Consult/POLITICO survey shows most Americans aren't receptive to it either -- regardless of their political persuasion.
The Rexnord Corporation can trace its manufacturing roots all the way back to 1892. For generations, the workers at its Indianapolis ball bearings plant earned decent wages that enabled them to support their families.
The Rexnord Corporation can trace its manufacturing roots all the way back to 1892. For generations, the workers at its Indianapolis ball bearings plant earned decent wages that enabled them to support their families.
Across the globe, people will mark World Hepatitis Day on July 28 to raise awareness about viral hepatitis, call for better access to prevention and treatment programs, and advocate for greater government action.
Across the globe, people will mark World Hepatitis Day on July 28 to raise awareness about viral hepatitis, call for better access to prevention and treatment programs, and advocate for greater government action.
To ensure that the real estate sector can continue to serve as an engine of economic growth, the Investment Program Association urges that individuals continue to have access to Section 1031 like-kind exchanges and that other key provisions of the Internal Revenue Code not be eliminated.
To ensure that the real estate sector can continue to serve as an engine of economic growth, the Investment Program Association urges that individuals continue to have access to Section 1031 like-kind exchanges and that other key provisions of the Internal Revenue Code not be eliminated.
House conservative members of the Republican Study Committee emerged from a Wednesday meeting with Ways and Means Committee Chairman Kevin Brady saying GOP tax writers need to offer members of Congress more details on their plan to overhaul the tax code.
House conservative members of the Republican Study Committee emerged from a Wednesday meeting with Ways and Means Committee Chairman Kevin Brady saying GOP tax writers need to offer members of Congress more details on their plan to overhaul the tax code.
Rep. Mo Brooks of Alabama, a challenger to appointed Sen. Luther Strange for the Republican Senate nomination in a special election in less than three weeks, said Majority Leader Mitch McConnell should not be the party's Senate leader anymore.
Rep. Mo Brooks of Alabama, a challenger to appointed Sen. Luther Strange for the Republican Senate nomination in a special election in less than three weeks, said Majority Leader Mitch McConnell should not be the party's Senate leader anymore.
Self-driving car legislation gaining momentum in a key House committee has won early praise from industry groups, but some insiders say concerns with successfully regulating autonomous vehicles still remain unaddressed.
Self-driving car legislation gaining momentum in a key House committee has won early praise from industry groups, but some insiders say concerns with successfully regulating autonomous vehicles still remain unaddressed.
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Briefings

Tech Brief: Foxconn to Build $10 Billion Factory in Wisconsin

President Donald Trump announced that Foxconn Technology Group will build a $10 billion factory in Wisconsin that’s expected to create 3,000 initial jobs. The factory is the largest economic development project in state history, and Trump indicated the commitment was a direct result of him winning the state’s electoral votes during the 2016 presidential election.

Finance Brief: Fed Nominee Quarles to Tell Senators That Banking Rules Need ‘Refinements’

Randal Quarles, President Donald Trump’s nominee to serve as the Federal Reserve’s vice chairman of supervision, is expected to tell the Senate Banking Committee today that “some refinements” are needed to post-crisis financial regulations. Quarles will testify at the confirmation hearing alongside Joseph Otting, Trump’s pick to lead the Office of the Comptroller of the Currency.

Tech Brief: IT Upgrade Gets No Funding in House Appropriations

Despite a renewed effort in Congress and by the Trump administration to modernize the federal government’s IT infrastructure, House appropriations bills headed to the floor this week don’t include any funding for a bill to upgrade government technology. The bills instead acknowledge the importance of these efforts, leading to some concerns about Congress’ commitment to financially supporting a larger modernization push.

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