The GameStop episode has been portrayed as a victory of the little guy over Wall Street titans, but not everyone is buying it. Lawmakers from both parties are among the skeptics.
By Marcy Gordon, Alex Veiga, Associated Press
In his most direct comments so far, Powell told the House Financial Services Committee on Wednesday that it's “very important” for Congress to provide economic support.
By Martin Crutsinger, Associated Press
The House Financial Services Committee will hold a hearing July 23 on the Heroes Act, a Democratic-backed bill focused on promoting economic recovery from COVID-19 in the U.S.
By Associated Press
Facebook CEO Mark Zuckerberg arrived on Capitol Hill Wednesday ostensibly to advocate for his company’s proposed new cryptocurrency, Libra -- but he faced intense scrutiny from lawmakers on multiple fronts. Facebook's controversial position of allowing false claims in political ads…
By Courtney Norris
By Dave Gustafson
The U.S. government would be given broad new powers to shrink financial firms deemed "too big to fail" and shift the cost of rescuing troubled companies from taxpayers to other large firms, according to draft legislation released Tuesday.
Three federal government officials charged with reforming the U.S. financial system testify Friday in front of the House Financial Services committee who should become the nation's top consumer watchdog.
By PBS NewsHour
Telling lawmakers that the U.S. financial system has grown "too unstable and fragile," Treasury Secretary Timothy Geithner rolled out the Obama administration's plans Thursday for a massive overhaul of the government's financial oversight role.
House Financial Services Committee Chairman, Congressman Barney Frank, D- Mass., talks to the NewsHour about challenging economic issues Congress must face in the coming months and what they may mean for the U.S. economy.
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