Lawmaker mistakes Bernanke for Paulson at hearing
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U.S. Congresswoman Marcy Kaptur came to a House committee hearing on Thursday prepared to ask U.S. Treasury Secretary Henry Paulson tough questions about his involvement in the subprime mortgage crisis.
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Hit with tough criticism that he had misled Congress, David M. Walker , the head of the Government Accountability Office, yesterday said he regretted that he had not done a better job of explaining and keeping lawmakers up to speed on the agency's new pay system.
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Some quotes from the Senate Banking Committee's hearing on the economy, with Federal Reserve Chairman Ben Bernanke, Treasury Secretary Henry Paulson and Christopher Cox, chairman of the Securities and Exchange Commission:
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A Senate hearing about money and gifts that drug makers routinely provide to doctors did not go well for the drug industry Wednesday.
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Stocks cut gains on Friday after Federal Reserve Chairman Ben Bernanke said it was not the central bank's job to bail out lenders and investors and offered no clear clues about the outlook for interest rates.
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WASHINGTON -- Federal Reserve Chairman Ben Bernanke offered lawmakers fresh assurances on Thursday that regulators are taking steps to better protect would-be homeowners from abusive mortgage practices.
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Ben Bernanke, the man who holds the reins of the economy, likes to listen. Now he's starting to say what's on his mind
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A congressman alleged Thursday that his opponent violated a new campaign finance law designed to regulate the spending of millionaires seeking political office.
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Some members of the House oversight committee may have violated a federal law against soliciting things of value from people with interests before the committee.
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Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that increasing the size of loans mortgage companies Fannie Mae and Freddie Mac can buy could be problematic and would help only if done swiftly.
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A senior US lawmaker calls on the Federal Reserve to protect US house buyers against unfair home loans.
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Angry lawmakers grilled the Bank of England's governor Thursday about why he failed to prevent a run on deposits at mortgage lender Northern Rock PLC, but the governor countered by blaming the banking industry for creating a credit crisis.
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Lawmakers are unlikely to be satisfied with the inconclusive results Treasury Secretary Henry M. Paulson Jr. achieved in Beijing.
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It was another dismal week for the stock market, despite a short-lived rally on Thursday after Federal Reserve Chairman Ben Bernanke hinted of further rate cuts.
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Federal Reserve Chairman Ben Bernanke on Thursday threw his weight behind proposals for near-term actions to stimulate economic growth to ward off an election-year recession -- but warned such a plan could do more harm than good unless put together quickly.
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Ben Bernanke has tried hard not to  follow his predecessor Alan Greenspan into the political arena  by commenting on fiscal policy, but the Federal Reserve chief  will find it difficult to stay above the fray this week.
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Federal Reserve Chairman Ben Bernanke will tell lawmakers Thursday morning that while he opposes raising the limits on the size of loans Fannie Mae and Freddie Mac may buy, if they're going to do it anyway they should consider the risks and make the increase temporary ... and snappy.