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House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, asked for a written explanation within a week for the decision to allow the payments, despite the FHFA director's prior assurances that the payments would stop if Fannie Mae or Freddie Mac required new funds from the Treasury. (AP Photo/Manuel Balce Ceneta, File)
Economy

Jeb Hensarling challenges Fannie, Freddie regulator for allowing affordable housing payouts after bailout

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Senate Finance Committee Chairman Orrin Hatch, R-Utah, (pictured above) and House Ways and Means Chairman Kevin Brady, R-Texas, called on Internal Revenue Service acting commissioner David Kautter, a Trump appointee, to stop the agency from handing out bonuses to employees who have been disciplined for misconduct. (AP Photo/J. Scott Applewhite)
Economy

Republicans call foul on IRS giving bonuses to employees disciplined for drug use, sex harassment

Joseph Lawler -
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News

Steven Mnuchin: Congress ‘should look into’ gun violence

Joseph Lawler -
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Freddie Mac, the bailed-out government-sponsored enterprise, told investors that it lost $3.3 billion in the fourth quarter of 2017, driven by a $5.4 billion in accounting losses due to the tax changes signed by President Trump in December. (AP Photo/Pablo Martinez Monsivais, File)
Economy

Freddie Mac joins Fannie Mae in needing federal funds because of accounting losses

Joseph Lawler -
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House Ways and Means Committee Chairman Kevin Brady, R-Texas, arrives at his office in the Capitol as House Republicans prepare to advance the GOP tax bill, in Washington, Friday, Dec. 15, 2017.
Economy

Kevin Brady: Temporary tax breaks make ‘zero sense’ post-tax reform

Joseph Lawler -
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The Protecting Consumers' Access to Credit Act of 2017 passed in the House of Representatives Wednesday 245-171. The legislation would revise federal banking laws to affirm the legal precedent that a loan that is made legally by a national bank cannot subsequently become illegal if sold to another party. (AP Photo/J. Scott Applewhite)
Business

House passes bill that would allow high-interest loans

Joseph Lawler -
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Rep. Jeb Hensarling, R-Texas, said,
Economy

Jeb Hensarling rips Fannie Mae’s request for a $3.7 billion ‘bailout’

Joseph Lawler -
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Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee on Capitol Hill in Washington, Wednesday, Feb. 14, 2018, on President Donald Trump's fiscal year 2019 budget proposal. (AP Photo/Susan Walsh)
Economy

Steve Mnuchin: Treasury will crack down on carried-interest loophole

Joseph Lawler -
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Mortgage giant Fannie Mae is, in effect, collateral damage from the tax law. It has large deferred tax assets from the financial crisis, essentially losses that it is allowed to write off against tax liabilities. With lower tax rates in the future, those tax assets are now worth less, resulting in accounting losses. (AP Photo/Manuel Balce Ceneta, File)
Economy

Fannie Mae needs $3.7 billion from the Treasury thanks to tax cuts

Joseph Lawler -
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Forecasters had expected annual inflation to slow from 2.1 percent to 2 percent in the Bureau's Consumer Price Index. (AP Photo/LM Otero, File)
Economy

Inflation rose faster than expected in January, spooking investors

Joseph Lawler -
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