Congress

Elizabeth Warren targets bank mergers with reintroduced bill

Sen. Elizabeth Warren, D-Mass., and Rep. Jesús “Chuy” García, D-Ill., reintroduced a bill Thursday that would ramp up scrutiny of proposed mergers between the country’s biggest banks, the latest in a series of moves by federal lawmakers to crack down on business practices they consider harmful to competition.

Yellen: Federal debt ceiling should be abolished by Congress

With the federal government days away from its first default in U.S. history, Treasury Secretary Janet Yellen argued Thursday that Congress should eliminate the borrowing limit entirely to prevent similar risks in the future.