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  May 18, 2013, 1:10 pm

Senators want to move forward with Fannie Mae, Freddie Mac reform

By Vicki Needham

Sen. Corker says he doesn't know of an option that would keep Fannie and Freddie as they now are.

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Archived under: Banking/Financial Institutions
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  May 17, 2013, 6:35 pm

Watchdog: Senior Obama administration officials were told of IRS probe last year

By Bernie Becker and Peter Schroeder

Inspector general Russell George stressed that Treasury officials were only notified that an investigation was underway.

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Archived under: Domestic Taxes
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  May 17, 2013, 6:30 pm

Jobless rates drop in 40 states

By Vicki Needham

The job market is showing sustained signs of improvement with the unemployment rates in 40 states dropping in April, the most in six months. 

The jobless rate rose in only three states — Louisiana, Tennessee and North Dakota — and was unchanged in seven, the Labor Department reported on Friday. 

No state reported double-digit unemployment in April. 

At 9.6 percent, Nevada had the highest unemployment rate but it has dropped from 10.7 percent over the last year, the steepest decline of any state.

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Archived under: Economy
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  May 17, 2013, 6:17 pm

IRS official to testify before House Oversight next week

By Bernie Becker

The House Oversight Committee will have a full house at its IRS hearing on Wednesday.

Lois Lerner, the IRS official who first disclosed the agency's targeting of Tea Party groups last week, has confirmed she will attend, a committee aide said. Lerner had declined, through an attorney, to make that clear before Friday, the aide said.

The IRS official will join the deputy Treasury secretary, Neal Wolin; the former IRS commissioner, Douglas Shulman; and Russell George, the Treasury inspector general who wrote the report detailing the IRS criteria that led Tea Party groups to get extra attention. Read more...

Archived under: Domestic Taxes
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  May 17, 2013, 4:30 pm

Rep. Peterson: Pelosi supports farm bill push

By Erik Wasson

“Leader Pelosi is behind us. I’ve talked to her, and she will be supporting us,” Rep. Peterson said.

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Archived under: Agriculture
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  May 17, 2013, 2:13 pm

CBO: Obama budget for fiscal 2014 adds $5.2 trillion in deficits

By Erik Wasson

The office said the Obama plan would increase the deficit this year by $27 billion, to $669 billion.

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Archived under: Budget
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  May 17, 2013, 1:32 pm

House votes to rein in SEC regulations

By Pete Kasperowicz

Under the bill, the SEC would have to ensure the benefits of new rules outweigh their costs. 

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Archived under: Banking/Financial Institutions, House, Votes, Finance
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  May 17, 2013, 1:30 pm

Lew asks Congress for debt increase, says it’s 'not open to debate'

By Peter Schroeder

Treasury Secretary Jack Lew on Friday urged congressional leaders to raise the debt limit as soon as possible.

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Archived under: Budget
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  May 17, 2013, 12:23 pm

Ousted IRS chief defends targeting of Tea Party as 'obnoxious,' not illegal

By Bernie Becker and Peter Schroeder

Miller pushed back on Republicans who said the IRS was targeting conservatives, calling that a “loaded” statement.

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Archived under: Domestic Taxes, Video, In the News, House
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  May 17, 2013, 12:02 pm

House Dems outraged after learning of cuts in GOP spending plan

By Erik Wasson

House Republicans have circulated an outline for federal spending based on the budget from Rep. Paul Ryan.

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Archived under: Appropriations
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