Keyword: Obama

The Fed Under Fire

By  Lagan Sebert  Harry Hanbury  Mike Fritz

The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers...

Climate Control Debate Heats Up in the House

By  Lagan Sebert  David Murdock

The global warming debate is heating up in the House, leading to the kind of quirky moments that are a common feature of life on the Hill.

Next week, Henry Waxman (D-CA), will bring his Waxman-Markey climate-control bill before the Energy and Commerce Committee he chairs.

Just minutes after Waxman announced he was "very, very close" to agreement on the legislation, his Republican counterpart held his own press conference, using some choice words to downplay Waxman's confidence.

Rep...

Road to Ruin: Mortgage Fraud Scandal Brewing

By  Lagan Sebert

Criminal fraud may be the most underreported aspect of our current financial crisis...

Credit Card Industry Defeated for Now

By  Harry Hanbury

Hidden penalties, sudden interest rate hikes, and deceptive language are just a few of the questionable tactics used by credit card companies to extract money from increasingly stressed consumers...

Stress Tests Might Be Pointless, Treasury Declines to Comment on Off-Book-Assets

By  Danielle Ivory

This report was produced in collaboration with Alternet.

At the center of President Obama's overhaul strategy for Wall Street are the "stress tests" which will be applied to all financial institutions...

Goldman Vet Sparks Conflict On Hill

By  Lagan Sebert

Barack Obama's plan to name yet another Goldman Sachs alum to his economic team is proving too much for Sen...

Durbin: Time Spent Fundraising "Nothing Short of Amazing."

By  Lagan Sebert

On Tuesday, Senator Dick Durbin (D-IL.) introduced campaign finance legislation intended to ease the rising fund-raising burden on politicians...

Rep. Eric Cantor Says Hedge Fund Tax Rate Must Stay Low to Help Small Businesses

By  Lagan Sebert

In its proposed budget, the White House recommends effectively raising the tax rate on hedge fund managers from 15% to almost 40%...

Fed Lends Two Trillion Without Oversight

By  Danielle Ivory

So, you know about the Treasury's $700 billion bailout plan...

Bank CEO Says Bailout Failing Community Banks

By  Danielle Ivory

As another $350 billion goes out the door, ANP looks at one small bailed-out bank...