You Searched For "senate banking committee" and got 20 results
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2 mins read
It may already be too late for the Fed to stop a recession, former central bank president says
"Although it might already be too late to fend off a recession by cutting rates, dawdling now unnec…
Filip De Mott
3 mins read
Consumers reported losing $210 million to scams across payment apps last year. A new bill wants to help future victims get their money back.
Consumers defrauded while using Zelle or other peer-to-peer payment apps might have increased reimb…
John Towfighi
2 mins read
Interest rates remain steady once again — but it's likely the Fed will cut rates in September
The Federal Reserve held interest rates steady in its July meeting as pressure mounts on the centra…
Ayelet Sheffey
3 mins read
Interest rate cuts probably aren't here just yet, but they could finally reach Americans in under 2 months
The Federal Reserve isn't expected to cut interest rates in July, but relief could come in Septembe…
Ayelet Sheffey,Madison Hoff
1 min read
Bank of America's dealings with Leon Black and Jeffrey Epstein are in the Senate's crosshairs
A Senate committee asked Bank of America whether Black's $158 million payments to Epstein followed …
Geoff Weiss
3 mins read
Trump doesn't think interest rate cuts should happen before the election
Former President Donald Trump said Fed members "know" they shouldn't cut rates soon, but many econo…
John Towfighi,Madison Hoff,Ayelet Sheffey
4 mins read
Lower interest rates could be coming soon. Here's what's at stake if they aren't.
Interest rate cuts could finally come this year. Economists explained the benefits of rate cuts and…
Madison Hoff,Ayelet Sheffey
3 mins read
How the candidates running for Dianne Feinstein's Senate seat say they'll solve California's housing crisis
Housing affordability and homelessness are two of the top issues on California voters' minds. It co…
Eliza Relman
2 mins read
Ex-Georgia Senate candidate Herschel Walker still has $4 million left in the bank from his unsuccessful 2022 run. Republicans aren't happy about it.
Walker — weighed down by numerous controversies — lost to Democratic Sen. Raphael Warnock in a comp…
John L. Dorman
2 mins read
The Fed confirms that Americans will have to wait longer for interest rate cuts
The Federal Reserve held interest rates steady on Wednesday, pushing back any hopes of an interest …
Ayelet Sheffey
2 mins read
The Fed's best tool for fighting inflation won't fix Americans' biggest problem: surging gas and food prices
The country needs to get to more sustainable inflation levels "so we can have the labor market that…
Ben Winck
2 mins read
Elizabeth Warren says millions of borrowers 'deserve answers' after the CEO of a major student-loan company turned down her invitation to appear before Congress
The student-loan company MOHELA asked that Sen. Warren agree to closed-door briefings instead of a …
Ayelet Sheffey
4 mins read
Here's what the Credit Card Competition Act could do to your airline miles and travel rewards
Airlines and travelers worry The Credit Card Competition Act could end frequent-flyer and rewards p…
Allie Kelly
3 mins read
Biden's pick for the Fed's top bank regulator withdraws her nomination amid backlash from Manchin and Senate Republicans
Sarah Bloom Raskin told Biden on Tuesday she withdrew her nomination to be the Fed's next vice chai…
Ben Winck
5 mins read
5 charts that show how the Fed's war on inflation has frozen the housing market
The Federal Reserve aggressively hiked interest rates to lower inflation during the pandemic, but i…
Ayelet Sheffey,Madison Hoff
2 mins read
A major student-loan company is 'impeding' borrowers' debt cancellation and 'mishandling' their monthly bills, Elizabeth Warren says. She wants its CEO to face Congress.
Since student-loan payments resumed, borrowers serviced by MOHELA have faced a range of repayment a…
Ayelet Sheffey
2 mins read
The Omicron variant could throw the booming economic recovery off the rails, Fed Chair Powell says
Even if the variant is less of a health risk than Delta, public concern could hammer the recovery a…
Ben Winck
3 mins read
Americans aren't having enough kids. That's bad news for the economy — and immigration may be the answer.
China, Japan, and Italy are all battling low birth rates, but high immigration has so far stopped t…
George Glover
1 min read
The US Senate Banking Committee chair suggests banning cryptocurrencies and says they are a threat to national security
Senator Sherrod Brown added that a ban would be difficult because crypto would then "go offshore, a…
Brian Evans
3 mins read
Hitting the debt ceiling is the worst possible outcome for the dollar, Janet Yellen says. That would be a disaster for the whole world.
US economic strength rests on trust in the dollar. A debt-ceiling breach would destroy that, Yellen…