Bloomberg News

National November 24, 2014

Fed reviews bank supervision as Senate panel begins hearings

On the eve of a Senate hearing Friday into whether the Federal Reserve has been “captured” by the institutions it is supposed to regulate, the Fed announced a broad review of its supervision of the largest banks, and a top official acknowledged there’s a danger that examiners could be too easy on them.

National November 24, 2014

House Republicans sue Obama over delays in health-care law

U.S. House Republicans sued President Barack Obama’s administration over implementation of the 2010 health-care law, saying the president exceeded his authority by delaying part of the program.

National November 21, 2014

Congress can’t defund immigration order

Congress can’t use spending bills to defund the main agency that would carry out President Barack Obama’s immigration order, a House committee aide said, complicating Republicans’ plans to block executive action by choking off funds.

National November 21, 2014

Extension of lapsed tax breaks faces obstacles in Congress

U.S. lawmakers are trying to make a deal to extend dozens of lapsed tax breaks through 2015 and make a few of them permanent, said two Senate Democratic aides and a House Republican aide.

National November 19, 2014

U.S. said to pursue charges against other mortgage traders

The U.S. government is building potential securities fraud cases against more Wall Street mortgage-bond traders after winning a conviction this year against a former Jefferies Group LLC trader, according to two people with knowledge of the investigations.

National November 19, 2014

FAA’s power to police civilian drones bolstered by U.S. ruling

The Federal Aviation Administration’s authority to regulate civilian drones was upheld Tuesday in a ruling that gives the U.S. government more power to police the fast-growing use of unmanned aircraft.

National November 18, 2014

Air-bag settlement deals keep details from crash victims

Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims.

National November 12, 2014

Commentary: Will Supreme Court really pull plug on Obamacare?

An upcoming Supreme Court case could severely damage, even potentially kill, Obama’s signature program.

National November 11, 2014

Obama’s attorney general choice avoids political tangles

Until Republicans won control of the Senate in midterm elections, Loretta Lynch was an ideal candidate to serve as deputy to the next U.S. Attorney General.

National November 5, 2014

Ex-UBS banker’s acquittal shows tax prosecution difficulty

Raoul Weil, who once ran UBS AG’s global wealth-management business, was cleared at trial of tax conspiracy despite the bank’s historic admission in 2009 that it helped thousands of U.S. clients abuse Swiss bank secrecy to cheat the Internal Revenue Service.

National November 4, 2014

AIG lawyer has an upset shot in bailout case

Lawyer David Boies has a shot at an upset win in the trial of Maurice “Hank” Greenberg’s $25 billion bailout case against the U.S. government, a turnaround from the weak odds he was given just a month ago.

National November 3, 2014