Financial trade groups are pushing back against a growing call to bar banks from actually owning physical commodities.
On The Money
A group of House lawmakers is headed to the Asia-Pacific on Friday for a week of talks with top leaders in Japan, South Korea and China to discuss strengthening economic, trade and security ties.
First-time claims for jobless benefits increased slightly last week but remain at levels reflecting an improving labor market.
The White House had predicted only $4.9 trillion in deficits.
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.
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.