The ex-senator is stepping aside as chief of SIFMA, a job he had taken in May.
On The Money
House Ways and Means Chairman Dave Camp (R-Mich) has kept tax reform details close to the vest, but now says that hiking the capital gains and dividends rate won't be part of his plan.
First-time claims for unemployment benefits rose sharply last week, most likely because of volatile year-end seasonal factors.
Applications increased 68,000 to a seasonally adjusted 368,000, mostly due to adjustments to the data because of the Thanksgiving holiday, the Labor Department reported on Thursday.
An experimental New York Fed program could be the future for setting interest rates.
Stan Fischer, the former Bank of Israel governor, is a prominent figure in central bank circles.
The settlement would come on the heels of JPMorgan's record $13 billion settlement reached last month with the government.
The highly anticipated regulations are a cornerstone of the Dodd-Frank Wall Street reform law.
Rubio wrote budget deal would make it harder "to achieve the American dream."
Several leading Democrats warned the deal is on verge of unraveling.
The House is expected to vote Thursday on a two-year deal.