Senate Democrats are urging the Federal Reserve to prohibit banks from investing in physical commodities like oil, gas and metals, because of the risks it poses to the U.S. financial system.
On The Money
John Koskinen, the IRS commissioner, has cast this filing season as a success.
Yellen suggested that unemployment was a more pressing concern than inflation.
Homebuilders picked up the pace of new construction in March, a sign that the housing recovery could accelerate this spring.
Chris Chocola, president of the free market group, calls the extension of the expired tax incentives a "special-interest orgy."
Megan R. Wilson 04/16/14 06:00 AM EDT
House Ways and Means Committee Chairman Dave Camp would be coveted by private sector.
The president will announce the funding at event in western Pennsylvania.
The Obama administration issued a report Tuesday criticizing China for recent drops in the value of its currency and vowing to closely monitor the yuan’s progress and press for further policy changes.
The Treasury Department called China’s currency "significantly undervalued" but didn’t go as far as to deem China or any other nation a currency manipulator in its semiannual report to Congress.
The RNC is seeking documents about the IRS’s improper scrutiny of conservative groups.
A Senate committee is examining whether a well-known sweepstakes company is continuing to deceive consumers by making them think that they need to make purchases to improve their odds of winning large cash prizes.