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Herb Kohl

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Wall Street gadfly Warren stands good chance of Senate banking seat

The chances are good, but not guaranteed, that Elizabeth Warren will secure a highly coveted seat on the Senate Banking Committee, a move that would dramatically elevate her campaign against Wall Street excess.Senior Senate Democratic aides, speaking on condition of anonymity, said the Massachusetts senator-elect is a logical fit for the committee, even though it is rare for a freshman senator to get such a plum assignment.If she gets the slot, Warren's bully pulpit would be replaced with real power.The bipartisan panel can greatly influence policy decisions through its oversight of financial services, international trade, insurance, housing, securities and economic issues.Warren, who has called for breaking up the big banks, could move to block legislative tweaks to the 2010 Dodd-Frank financial oversight law that would blunt the full impact of profit-pummeling reforms.She would also be able to forcefully push for regulators to use all the powers available to them to write strict inte...

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  1. Millionaire Lawmakers

    Those Bush tax cuts for the rich might matter a lot to 261 Congressmen.That’s because they are millionaires, according to a new report from the Center for Responsive...

  2. Civil 'Servants'? Wealth of Congress Members Grew 16% in 2008-2009

    Congressional members' personal wealth collectively rose by more than 16 percent between 2008 and 2009, despite the economy-busting effects of the Great Recession, a...

  3. Elections Boost Public Unions’ Political Influence?

    Fmr. Sen. Rick Santorum, (R-PA), on the major role unions played in the midterm elections, particularly with Sen. Harry Reid’s victory.

  4. U.S. senator says time to reform freight rail

    (Recasts, adds STB, DOT testimony, industry, analyst comment)By John CrawleyWASHINGTON (Reuters) - Freight railroads use theirmarket power to overcharge certain ship...

  5. Five Wealthiest Members of Congress

    FBN's Brian Sullivan on the richest lawmakers in Congress.

  6. What Makes Gold a Hot Deal

    Why is gold so popular?

  1. Over 55 and Jobless, Americans Face Tough Hunt

    Jean Coyle, 67, has a new kind of ministry.The former professor had just begun a career as a Presbyterian minister in Virginia when the economic downturn forced her ...

  2. Lower Your 'State of the Union' Expectations

    Time to visit the highlight reel of President Barack Obama’s past State of the Union addresses, as the president speaks to the nation Tuesday night.Keep in mind the ...

  3. Google’s Schmidt Defends Company's Search Practices on Testimony

    Under fire from rivals, Google Inc.'s chairman defended the search giant's practices in a congressional hearing on Wednesday, saying the company operates in a highly...

  4. 401(k) Break at Risk as Policymakers Mull Retirement Shift

    U.S. retirement programs could look different if a grand deficit-cutting bargain is struck in upcoming negotiations.Among the ideas being floated are a replacement o...

  5. DISH Network CEO on Blockbuster Taking on Netflix

    DISH Network CEO Joseph Clayton on Blockbuster’s efforts to lure away Netflix customers and why he is against the AT&T merger with T-Mobile.

  6. Rep. Ryan Won't Run For Senate

    FNC's Brett Baier weighs in on the Senate and presidential race.

  7. Google Seals ITA Deal; Larger Antitrust Review Looms

    The Justice Department approved Google Inc's (GOOG.O) purchase of ITA Software with stiff conditions on Friday, and left the door open to a larger probe into whether...

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