Politics

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Fed Chairman Ben Bernanke will defend the central bank's ability to oversee small and large banks alike in an appearance before the House Financial Services Committee Wednesday, according to prepared testimony. Bernanke's position takes on financial reform legislation unveiled…

The Tea Party movement was in the news again Tuesday as some 1,000 followers came to Washington to oppose Democrats' final effort to pass health care reform. Since last summer, when the group gained recognition for its…

The Federal Reserve repeated its pledge on Tuesday to hold its key interest rate near zero "for an extended period." In a statement, the central bank said, "Information received since the Federal Open Market Committee met in January suggests…