Tarp Business News

While Bernanke is ultimately expected to be reconfirmed, the hearing may influence the Fed's future role in an overhauled financial system.

Professor Elizabeth Warren of Harvard Law School, details information on how poverty edges its way upward from the underclass citizens to middle class Americans...According to the latest revelations, 20 percent of Americans are unemployed, underemployed or just out of work,...

Bank of America said Thursday that it raised $19.29 billion in a complex share sale to help pay back $45 billion in bailout funds. Repaying the money could help the ailing bank attract a new chief executive to replace Kenneth...

Most eyes will be on Bernanke, who will appear before the Senate Banking Committee on Thursday for a confirmation hearing for a second term as head of the central bank. Lawmakers across Capitol Hill have been increasingly critical of the...

A stand-alone bill may now be in the offing.

Sheila Bair , chairwoman of the Federal Deposit Insurance Corp., told House committee members she disagreed with key points of a Treasury reform initiative. Hours after Treasury Secretary Timothy Geithner testified before the House Financial Services Committee, Bair said the...

The inspector general who oversees the government’s bailout of the banking system is criticizing the Treasury Department for some misleading public statements last fall and raising the possibility that it had unfairly disbursed money to the biggest banks. A Treasury...

This copy is for your personal, non-commercial use only...The European Union's push into a regulatory overhaul is going too quickly and the current deadline of Dec...In a report, the committee said the government should veto the plan if crucial changes...

A group of House Democrats are stepping up demands for greater transparency from the Federal Reserve after reports that the Fed mishandled the bailout of insurance giant American International Group Inc. The group, led by Rep. Elijah Cummings, D-Md., wants...