• Monday, November 30, 2015 - 15:43

    --Senate Minority Leader Reid: 'We Have A Lot To Do'

  • Monday, November 30, 2015 - 12:35

    --Fed Chair To Testify Thursday To Hill's Joint Econ Panel
    --Senate Set To Vote Again To Dismantle Affordable Care Act
    --Talks Continue on FY 2016 Omnibus Spending Bill

    WASHINGTON (MNI) - As Congress's disjointed, recess-heavy November gives way to a very busy December, lawmakers will shift into a higher gear this week as they scramble to complete work on a massive spending bill, surface transportation funding and a tax extenders package.

    The House and Senate are returning to Washington Monday after a 10-day Thanksgiving recess.

    The full Senate is expected to consider a bill this week that repeals several sections of the Affordable Care Act and halts federal funds for Planned Parenthood for a year.

    The House is expected to vote this week on a bill

  • Monday, November 30, 2015 - 08:10

    --Rule Requires Broad-Based Lending Be to 5 or More Entities
    --Yellen: Remaining Broad-Based Lending Powers 'Critical Tool'

    WASHINGTON (MNI) - Regulatory amendments confirming the Dodd-Frank directive against emergency Fed lending to single firms, as was done with Bear Stearns and AIG, will require any broad-based lending cover at least five entities, once the Federal Reserve Board approves them later in the morning.

    The five-party rule and a prohibition against any emergency loan proceeds being passed-through to other insolvent firms are part of the changes imposed on the Fed by Congress after the financial crisis to prevent any more bailouts like the much criticized lending to AIG, which benefited many counterparties, including those located outside the Unite

  • Friday, November 27, 2015 - 13:35

    --Stop-Gap Budget Bill Runs Out Dec 11
    --$30 Billion Fed Fund Hangs in Balance in Transportation Bill

    WASHINGTON (MNI) - With just two weeks to go before budget bills have to be passed to avoid a government shutdown, government employees and, most of all, its contractors - who do not get any payroll losses reimbursed - are pinning their hopes on the new Speaker of the House.

    Yet Speaker Paul Ryan has already pledged the ultimate budget bills for a fiscal year, already two months old, will carry "riders" and they could be the mechanism that threatens a shutdown.

    Riders are those provisions that are tacked onto a bill, some of them in this case intended to test what it will take for the president to threaten a veto.

  • Wednesday, November 25, 2015 - 11:26

    --Base-Line Limits Maintained for Most of Nation

    WASHINGTON (MNI) - The following is an announcement by the regulator of Fannie Mae and Freddie Mac, published Wednesday:

    2016 Maximum Conforming Loan Limits Established for Fannie Mae and Freddie Mac

    National Baseline Loan Limit Remains Unchanged; Limits Rise for 39 High-Cost Areas

    The Federal Housing Finance Agency (FHFA) today announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2016 will remain at existing levels, except in 39 high-cost counties where they will increase.

  • Tuesday, November 24, 2015 - 15:05

    WASHINGTON (MNI) - The following is a Federal Reserve announcement Tuesday of changes it is making in the supervisory regime for large and complex banking organizations:

    The Federal Reserve Board on Tuesday announced that it is implementing several recommendations to enhance the supervision of large and complex banking organizations.

  • Tuesday, November 24, 2015 - 15:00

    By Denny Gulino

    WASHINGTON (MNI) - President Barack Obama Tuesday welcomed French President Francois Hollande to the White House as a partner against terrorism while calling for those on the outer edge of the effort, Russia and Turkey, not to escalate their division in the wake of the shooting down of a Russian fighter jet.

    Obama, in a joint news conference with Hollande, said he could not comment on whether the Russian jet was over Turkish territory but a U.S.

  • Tuesday, November 24, 2015 - 14:04

    --Inversions Provoke Democratic Rebukes on Campaign Trail
    --Hill Tax Chiefs Say Inversions Make Case For Tax Reform

    WASHINGTON (MNI) - The substantial increase in corporate tax inversions in the United States during the last several years has spurred two very different reactions on Capitol Hill.

    First, there has been an upsurge in fierce political criticisms of the practice, in which inversions are often depicted as cynical, manipulative and even unpatriotic.

    Also, the practice of inversions, especially in its most aggressive manifestations, has dramatized and underscored the case for comprehensive tax reform.

    Both of these impulses have been in evidence this week in the wake of the proposed merger between Pfizer and Allergan.

    This specific tax i

  • Tuesday, November 24, 2015 - 13:18

    --Banks Serving Oil Patch Face Increasing Difficulties
    --Opportunities for Banks To Increase as Fed Raises Rates


  • Tuesday, November 24, 2015 - 12:04

    By Denny Gulino

    WASHINGTON (MNI) - After two years of work getting ready, the Commodity Futures Trading Commission Tuesday braced for an onslaught of criticism of a proposal to erect extensive new guardrails around algorithmic trading of futures contracts.

    The more-than-500-page proposal, approved by the three commissioners as expected, would make mandatory many safeguards against disruptive market events that larger firms have already put in place.