WASHINGTON
Budget season is officially underway in Washington as the White House has proposed a $6 trillion federal budget for the next fiscal year.
Sen. Elizabeth Warren ripped the Federal Reserve for its oversight of Credit Suisse Group in the run-up to Archegos Capital's implosion.
Lawmakers and experts discussed ways to get more Americans saving for retirement and boosting the percentage who can retire comfortably.
Legislation that would end carried interest for investment managers was introduced by a group of Senate Democrats.
The factors that contributed to the frenzied trading of GameStop and other stocks may necessitate more regulation, the SEC's chief said.
A planned House committee meeting includes legislation with dozens of provisions aimed at boosting retirement security, known as SECURE 2.0.
President Biden called for higher rates for the highest income earners, and ending carried interest and lower tax rates for capital gains.
Alex Oh, who was named head of the SEC's enforcement division last week, abruptly resigned, a setback for new Chairman Gary Gensler.
President Joe Biden will need to overcome a major political hurdle in his bid to end preferential tax treatment of investment income.
The Senate Health, Education, Labor and Pensions Committee approved Julie Su's nomination as deputy secretary of labor in a 13-9 vote.
