New York (CNNMoney) – One of the toughest critics of Wall Street will soon be policing it.
Massachusetts Senator-elect Elizabeth Warren has been tapped to take a seat on the Senate Banking Committee, the Senate Democrats' steering committee announced Wednesday.FULL STORY
New York (CNNMoney) - The campaign for presumed Republican presidential nominee Mitt Romney laid out a plan Wednesday for America to be energy independent by 2020.
On an embargoed conference call with reporters, Romney staffers touched on familiar themes they said would wean the country off imported oil and spark an economic boom at home. Namely, they called for fewer regulations and more drilling.FULL STORY
New York (CNNMoney) – The government on Friday will release its March jobs report, a crucial measure of the health of the economy.
Economists surveyed by CNNMoney expect the report to show that employers added 200,000 jobs in March, and that the unemployment rate fell by 0.1% to 8.2%.FULL STORY
New York (CNNMoney) - Newt Gingrich's consulting firm worked for Freddie Mac in 2006 and was paid $25,000 a month, according to a document released Monday. The release came in response to accusations from the presidential candidate's critics charging that he lobbied on behalf of the government-backed mortgage finance firm, which many say is partly to blame for the housing crisis.
The document, made public by the Gingrich Group, the firm Gingrich founded in 2000, covers only 2006. The firm provided consulting services to Freddie Mac for roughly six years in total.FULL STORY
New York (CNNMoney) - The search for the missing money at bankrupt brokerage MF Global continued on Capitol Hill Tuesday with a hearing before the Senate Agriculture Committee.
Former MF Global CEO Jon Corzine, who served as a Democratic senator and governor of New Jersey, returned to the hot seat, this time flanked by two former colleagues from the brokerage's parent company, MF Global Holdings: Chief operating officer Bradley Abelow and chief financial officer Henri Steenkamp.FULL STORY
NEW YORK (CNNMoney) – After weeks of speculation about how more than a billion dollars in customer money went missing at MF Global, former CEO Jon Corzine will give his side of the story on Capitol Hill Thursday.
Corzine, also a former senator and governor of New Jersey, has been called to testify before the House Agriculture Committee as it investigates what went wrong at the brokerage firm, which went bankrupt in late October after disclosing bets on risky European debt that sparked a panic among investors.FULL STORY
NEW YORK (CNNMoney) - Is insider trading by members of Congress legal? How common is it? What's being done about it?
Congress itself is tackling those questions right now following an explosive report on 60 Minutes last month.FULL STORY