The plan would provide retroactive benefits to those who lost federal help after Dec. 28.
On The Money
A top House Democrat said Thursday that he is troubled by the lack of Justice Department action on mortgage fraud despite being provided with millions in resources from Congress.
Rep. Elijah Cummings, ranking member of the House Oversight and Government Reform Committee, said he is “deeply troubled” that the Justice Department failed to give the issue greater priority, despite public statements to the contrary.
Treasury Secretary Jacob Lew met with the Ukrainian prime minister on Thursday.
The federal budget deficit for fiscal 2014 reached $377 billion by the end of February, the Treasury department reported Thursday.
The president offered few details of exactly how the rules will be changed.
First-time claims for jobless benefits fell by 9,000 last week, another sign that businesses are laying off fewer workers and the labor market is improving.
Alexander Bolton 03/13/14 01:20 PM EDT
Reid says GOP holding up bill to protect Koch brothers.
Kerry said Russia doesn't have troops in place to take over all of Ukraine.
It is “natural” to be concerned about outsized political influence by large financial institutions, according to a top nominee to join the Federal Reserve.
Stanley Fischer, tapped by the president to serve as the Fed’s vice chairman, told members of the Senate Banking Committee Thursday that it obviously would be a concern if a handful of big banks or a single institution gained a disproportionate amount of say in the federal government. But at the same time, he said, Congress should not fret about the time he spent at Citigroup, one of the nation's largest banks.
The Speaker said he rejected an analysis, circulated by Democrats, that insisted Republicans dropped the ball in their attempts to hold a former IRS employee in contempt of Congress.