Congress

Debt ceiling bill clears key hurdle, teeing up final House vote before it goes to Senate

WASHINGTON — The compromise bill to raise the debt ceiling passed its first major test Tuesday night in the House…

Debt ceiling bill passes in the House, advances to the Senate days ahead of default deadline

WASHINGTON — A bill to raise the debt limit and cap government spending passed in the House by a wide…

Failure to raise debt ceiling would be an ‘economic catastrophe,’ Treasury’s Yellen says

WASHINGTON — Failure to raise the U.S. debt ceiling would cause an “economic catastrophe,” Treasury Secretary Janet Yellen said Monday.…

Here’s what the SEC will require under its strict new stock buyback disclosure rules

WASHINGTON — As investors focused this week on earnings and regional banks, the Securities and Exchange Commission quietly adopted new…

More than 250 business leaders back Julie Su for Labor secretary as nomination hangs in the balance

More than 250 business leaders are urging the Senate to confirm acting Labor Secretary Julie Su to helm the department,…

Supreme Court: Harlan Crow paid school tuition for Clarence Thomas’ nephew, report says

The Republican billionaire donor Harlan Crow for several years paid the pricey private school tuition of a great-nephew of Supreme…

Former top execs of SVB and Signature Bank will testify at Senate hearing this month

WASHINGTON — Former top executives of failed Silicon Valley Bank and Signature Bank will testify before the Senate on May…

Democrats harden their message on the debt ceiling while quietly paving the way for a deal

WASHINGTON — Democrats responded to the news that the U.S. could default on its debt as early as June 1 by…

Lawmakers led by Democrats urge the Fed to halt rate hikes ahead of Wednesday’s announcement

WASHINGTON — A group led by several prominent Democratic lawmakers is calling on the Federal Reserve to halt rate hikes…

Lawmakers praise First Republic sale, but efforts to pass new bank rules are fizzling

WASHINGTON — Lawmakers who sit atop key banking committees praised the federal takeover of First Republic Bank on Monday, and…