Senate Banking Committee

On Thursday, director of the Federal Housing Finance Agency Mel Watt reportedly testified in front of the Senate Banking Committee calling for Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Association (OTC: FMCC) to begin retaining their earnings rather than...

This week, Federal Reserve Chair Janet Yellen is set to testify before the House Financial Services Committee and the Senate Banking Committee, where she will present the bank's semiannual economic outlook. Yellen may comment on everything from international issues keeping the bank from loosening...

The Australian dollar fell to its lowest levels in over two months on Thursday, as a variety of fundamental data pressured the currency. Fed Minutes The minutes the Federal Reserve’s latest meeting released yesterday suggested that a tapering of $85 billion in monthly bond purchases could...

Instead of “David versus Goliath,” the Senate Banking Committee had to sort out a “Goliath versus Goliath” scenario Tuesday, according to Reuters. Big aluminum buyers, represented by the second largest brewer in the U.S., charged that the largest banks in the country drove up their costs by...

Federal Reserve Chairman Ben Bernanke is set to speak in each of the next two days in his semi-annual Congressional testimony. He will spend Wednesday speaking in front of the House Financial Services Committee while Thursday he will testify in front of the Senate Banking Committee, with both...