Market-Regulation Bill No Longer on Fast Track: Frank

Treasury chief's calendars show frequent contact with big players

(AP) - A look at Timothy Geithner's phone calendars show the Treasury secretary has maintained close ties with Wall Street executives he has known for years. Executives at Goldman Sachs, JPMorgan, and Citigroup can reach the nation's most powerful economic official at will. While there's nothing inherently wrong with keeping tabs on the market's biggest players, the calendars could offer fodder for critics who say Geithner is too close to firms he helped bail out. More»

(NEWSER) - The Obama administration has devised a maybe-legal method of avoiding Congress’ restrictions on companies that accept bailout funds, including limits on executive pay and a requirement that taxpayers get an ownership stake in the firms, the Washington Post reports. To sidestep the restrictions, the administration has created special entities to act as middlemen between the government and the firms it aims to help. More»

Another Republican congressman calls for him to resign

(NEWSER) - As criticism of Treasury Secretary Timothy Geithner mounts, he is scheduled to take his place on the hot seat next week, the Wall Street Journal reports. Geithner will appear before Barney Frank's House panel—the same one grilling AIG chief Edward Lilly today—Tuesday and Thursday. Two Republican congressmen, Connie Mack and Darrell Issa, want Geithner to resign, calling the bonus scandal the last straw. More»

Rangel, Frank among those who finally swayed her to pull the plug

(NEWSER) - For Hillary Clinton, it was the candor of longtime supporters such as Charlie Rangel and Barney Frank that told her it was time to go. Politico offers more details from Clinton's conference call with House members, which began with deference but ultimately spelled out the political reality in blunt terms. "It just seemed to me once it was over, it was over," said Frank, who got things rolling during the call. "I said she should go out with dignity and not look like she was being pushed." More»

Items include bringing jobs back to US, tax credits for small business

(NEWSER) - Because Congress loves being bossed around like nothing else, President Obama will today unveil a "to-do list" of priorities, which have historically had bipartisan support, and which he says will "help restore middle class security." "At this make-or-break moment for the middle class, we need to create an economy built to last," the White House said in a statement. More»