Love the minutia of banking but don’t relish the hassle of making tons of money? You may have what it takes to be a regulator, and there are few better paths than the Senate Banking Committee staff. Federal Deposit Insurance...
Read more »The Senate’s Regulator Factory
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Sen. Sheldon Whitehouse (D-RI) speaks at a news conference March 21, 2012 at the Capitol March 21, 2012 in Washington, DC.
Democrats Want Shareholders to Approve Corporate Political Spending
Companies could not make political donations unless a majority of their shareholders agreed under legislation introduced by Sen. Robert Menendez of New Jersey and Rep. Michael Capuano of Massachusetts, both Democrats. The bill mirrors one first introduced by Capuano in...
Read more »SEC: More than 500,000 Calls for Corporate Spending Disclosure
The Securities and Exchange Commission has received more than 500,000 comments urging the agency to require publicly traded companies to disclose their donations to trade associations and other nonprofits, which currently do not have to identify who’s giving them the...
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Secretary of State John Kerry, center, is welcomed and escorted by U.S. Ambassador to South Korea Sung Y. Kim, left, and deputy director general of South Korea's Foreign Ministry, Moon Seoung-hyun, in front of a traditional honor guard at Seoul air base on April 12, 2013.
Washington Daybook: Definitely Maybe
Will budget cuts reduce U.S. economic growth? No, according to economists surveyed by Bloomberg whose median forecast is solid 3 percent growth in the first quarter. Yes, says the International Monetary Fund, which lowered its forecast for U.S. growth for...
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A cyber security analyst works in the "watch and warning center" during a tour of the government’s cyber defense lab in Idaho Falls, Idaho.
Rockefeller Seeks SEC Guidance: ‘Insufficient’ Cybersecurity Reporting
A Senate leader is asking the new Securities and Exchange Commission chairman to give more authoritative guidance to companies on disclosing cyber attacks, calling reporting so far “insufficient.” “While the staff guidance has had a positive impact on the information...
Read more »Washington Daybook: ‘Pay for Delay’
The Supreme Court hears arguments today on whether drugmakers and their would-be rivals who make generic versions of medicines are engaged in what the U.S. calls anti-competitive “pay for delay” practices when they sign deals to delay introduction of lower-cost...
Read more »Spending Cuts Won’t Cause SEC Layoffs, Watchdog Says
Automatic spending cuts that will trim federal spending by $85 billion this year won’t result in layoffs at the U.S. Securities and Exchange Commission, the agency’s inspector general said today. Carl W. Hoecker, the SEC’s inspector general, told a subpanel...
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Drew Brees #9 of the New Orleans Saints points out the defense of the Atlanta Falcons at Georgia Dome on November 29, 2012 in Atlanta, Georgia.
SEC Nominee vs. Saints Defensive Line
Written with Cheyenne Hopkins How can a U.S. senator score easy points with home-state voters? Focus on football when others are talking about the minutiae of Wall Street regulation. Sen. David Vitter, a Louisiana Republican, plans to cross-examine Mary Jo White next week...
Read more »Turf Battle Over Money Funds
A unique Washington turf war spilled into public this week as some regulators worry the Securities and Exchange Commission could see its authority to regulate money-market mutual funds usurped by the Obama administration. The SEC partisans are worried the...
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U.S. Defense Secretary Leon Panetta and Chuck Hagel during Prresident Barack Obama's nominations of White House counterterrorism adviser John Brennan to be the director of the Central Intelligence Agency (CIA) and former Nebraska Senator Chuck Hagel as Secretary of Defense.
Washington Daybook: Hagel’s Turn
Chuck Hagel gets a chance to face his critics at his confirmation hearing for defense secretary at the Senate Armed Services Committee today. Oklahoma Senator Jim Inhofe, the panel’s senior Republican, will lead the opposition against Hagel. Inofe has said...
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