Federal Reserve Chair Jerome Powell faces growing calls from key lawmakers and regulatory experts for an independent investigation into the collapse of Silicon Valley Bank, not just an internal review by the Fed board.
On a day when cryptocurrencies were the talk of Wall Street, Washington showed it has a lot of catching up to do.
Senate Democrats launched their effort to pass sweeping voting rights legislation Wednesday, which could become the centerpiece of an attempt to weaken the chamber’s filibuster rule.
Senator Elizabeth Warren said IRS funding should be bolstered so the richest Americans get audited about once every three years as part of her proposed 2% annual tax on wealth in excess of $50 million.
Two top Senate Democrats said Wednesday they will keep pressuring President Joe Biden to wipe out up to $50,000 per borrower in student loan debt after he shot down the idea of doing so by executive action or without restrictions.