Politics

The latest move by Democrats to curb the tax benefits for partnership profits interests signals how wealth inequality has become mainstream party ideology.

The bill, which would tax unrealized gains, is not part of the tax and climate deal announced earlier this week.

As the Federal Reserve implemented its second 0.75% rate hike in two months, the chair said the system is able to withstand any financial stability risks that rising rates might create. 

After Bernie Madoff's infamous Ponzi scheme, Congress formed a whistleblower program to prevent future scams. Now critics say the program itself has become "secretive and out of control."

Enforcement Director Gurbir Grewal said the answer to the question of whether the rule has changed anything “remains to be seen.”

The firm's chief strategist, Joseph Zidle, expects the Fed funds rate to rise significantly over a long period of time.

A Goldman Sachs alum, a crypto mogul and a billionaire CEO each name the biggest danger they see on the economic horizon. Their answers may surprise you.

The culture wars can be a minefield for corporations. But that's not keeping firms out of Dallas or Miami.

Wall Street’s regulator is following the recommendations of a little-noticed government watchdog report last year. But it refuses to share the full findings.

The requirement, buried in the $1 trillion infrastructure law passed last year, mirrors one for brokerages and has flown under the radar.

With five charts analyzing the latest figures, separate fact from fiction while Congress keeps failing to enact any comprehensive reform.

JPMorgan Chase, Bank of America, Goldman Sachs and Wells Fargo joined Citigroup in pledging to expand benefits to cover travel for out-of-state abortions. Smaller banks in blue states were more vocal, with one female CEO saying: “I stand in disbelief.”

With long COVID a major theme, lawmakers discussed how to increase access to financial services for people with disabilities.

The Treasury Secretary's come amid Fidelity's plan to offer digital assets in 401(k)s it manages.

A new bill that would boost benefits and fix the program’s long-term solvency appears doomed, even as experts warn of the consequences of further delay.

Firms like Morgan Stanley, Goldman Sachs and Commonwealth have made changes under the rule, but the SEC is sending tough and vague messages.

A crucial loss of support for a bill co-sponsored by 200 House Democrats reflects the worsening political calculus for fixing the program’s solvency.

The head of Wall Street’s top derivatives regulator said that financial market regulators are considering steps to rein in the crypto market if Congress doesn’t pass legislation.

While many see a spot ETF as a way to solve problems such as contango and higher fees, there is skepticism that the SEC will approve one anytime soon.

The Treasury Secretary makes the first speech after Biden’s executive order on digital assets.