"Nobody who works full time should ever have to raise a family in poverty," he said.
On The Money
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.
Bill Taylor, the attorney for the former IRS official at the center of the agency's targeting controversy, also warned Republicans against seeking to find her in contempt.
Sylvia Burwell defended Obama's $3.9 trillion budget plan on Capitol Hill.
Lawmakers aren't immune from identity theft, they said on Wednesday.
House Ways and Means Committee Chairman Dave Camp (R-Mich.) wouldn't say whether he'd seek a waiver to keep the gavel. Rep. Paul Ryan (R-Wis.) has suggested he's interested in taking over the powerful committee.
New Senate Finance Committee Chairman Ron Wyden (D-Ore.) said his panel is looking down many economic avenues to convince Russia to step back from its move into Crimea.
In his first hearing as the head of the committee, Wyden said his committee is "now looking at every possible economic lever to pressure Russia to step back from its unprovoked incursion into Crimea."