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House Financial Services Committee Chairman Jeb Hensarling is trying to draw attention back to the nation’s mounting debt ahead of midterm elections that are more likely to revolve around Obamacare.
A recent newspaper headline caught my attention: “Debts, Deficits — Once a Focus [in Washington] — Fade From Agenda.” My immediate reaction was “not if I can help it.” So today, the House Financial Services Committee, which I chair, begins a series of hearings focused on why the national debt really does matter and why it matters right now.
Nearly six years after the government rescued Fannie Mae and Freddie Mac, top members in the Senate and the White House agreed on a framework to wind down the mortgage giants and overhaul the nation's $10 trillion mortgage market.
House Financial Services Committee Chairman Jeb Hensarling today commended Senate Banking Committee leaders for reaching a deal that would abolish Fannie Mae and Freddie Mac but signaled some skepticism about their approach.
Audits are a fundamental tool to hold government and quasi-government entities accountable.
Without thorough examination by independent parties, citizens would have to rely on the agency’s word that its operations and accounting are above-board.
When it comes to the activities of the Federal Reserve, the nation’s central bank, verbal assurances just aren’t good enough.
House Financial Services Chairman Jeb Hensarling is preparing for a showdown with Richard Cordray over how the Consumer Financial Protection Bureau investigates potential discrimination by auto lenders.
WASHINGTON — An emergency aid package for the beleaguered Ukrainian government has become entangled in a partisan dispute over theInternational Monetary Fund, with House Republicans resisting Preside
Should the Federal Reserve follow rules or use its own discretion? For Republican lawmakers intent on hemming in the central bank’s powers, the answer is clear: Fed policymaking should be rules-based. For Janet Yellen, who started her tenure as Fed chair just a few weeks ago, there’s a pressing need for creative responses.
WASHINGTON — Banks have stepped up efforts to extend the government's terrorism risk insurance program, fearing that Congress may fail to act before it is scheduled to expire at yearend.
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