The Commodity Futures Trading Commission appears poised to refill its ranks as a trio of nominees faced no discernable opposition at a confirmation hearing Thursday.
On The Money
Rep. Marcia Fudge said his behavior at the IRS hearing was an "affront" to the public.
His speech defended GOP leaders' decisionmaking rather than trying to grow Tea Party appeal.
House GOP are heading toward a contempt vote against the former IRS official.
The House on Thursday will vote on a bill that allows the U.S. to provide for loan guarantees to Ukraine, an effort to help aid the country that is facing military intervention by Russia.
Senate Republicans questioned the level of the Obama administration’s tax hikes proposed in its fiscal 2015 budget, arguing that they could sap energy from economic growth.
Sen. Rob Portman (R-Ohio) expressed concern that the "steep tax increases" on investment income could weigh down economic growth and negate the benefit of $71 billion in additional revenue.
"Nobody who works full time should ever have to raise a family in poverty," he said.
Treasury Secretary Jack Lew sparred with Senate Republicans on Wednesday over proposed changes to an IRS rule designed to clarify the definition of political activity allowed by certain non-profit organizations.
Republican Sens. Pat Roberts (Kansas) and Richard Burr (N.C.) each expressed concerns during a Senate Finance Committee hearing on the fiscal 2015 budget that expanding the rule could stifle political speech and, potentially, lead to more IRS targeting.
Rep. Jared Polis sends regulators a tongue-in-cheek letter about the dangers of U.S. money.
Federal Reserve Chairwoman Janet Yellen vowed to do all she could to boost the economy when she was formally sworn in to the job Wednesday.