The Obama administration will ask Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, White House spokesman Robert Gibbs said this morning.
Geithner to Ask Congress for Broad Power to Seize Firms
Lawmakers have rejected a deal backed by President-elect Donald Trump to fund large parts of the...
The Senate passed a defense bill on Wednesday that authorizes significant pay raises for junior enlisted...
