Rep. Barney Frank, a Massachusetts Democrat, won't seek re-election in 2012, CNN's Mark Preston reports.
The Obama Administration is renewing its push for the Senate to confirm a director to run the Consumer Financial Protection Bureau.
U.S. Rep. Barney Frank, a prominent 16-term liberal Democrat from Massachusetts and arch-enemy of political conservatives nationwide, announced Monday that he does not intend to seek re-election in 2012.
It is hardly surprising that former drug czar William Bennett would, in his CNN.com op-ed, oppose any changes to America's criminalization of marijuana. But it is surprising that he would lump Barney Frank and Ron Paul's proposal to allow states the opportunity to enact their own marijuana policy with the effort to legalize drugs.
From certain precincts on the left, notably Barney Frank, to certain precincts on the right, notably the editorial page of National Review, we are witnessing a new push to end the so-called war on drugs and legalize drug use, starting with marijuana. Indeed, Ron Paul, Barney Frank's co-sponsor in the latest legislative effort, said recently he would go so far as to legalize heroin.
Comic Tommy Chong and fmr. drug czar adviser Paul Chabot debate a federal bill that would leave states to regulate pot.
Republican presidential candidate Ron Paul and outspoken Massachusetts Democrat Barney Frank want to get the federal government out of the marijuana regulation business.
Anthony Weiner had every reason to believe he could survive the sexting scandal that ended his political career -- and with a little luck, he might have.
A Senate Republican vow to block any nominee to lead the new Consumer Financial Protection Bureau gives President Obama no choice but to appoint a head of that agency during congressional recess, a top House Democrat said Wednesday.
Rep. Barney Frank took on Wall Street as one of the writers of the sweeping Dodd-Frank financial reform bill last year. Now he is taking on the Federal Reserve.
Politics is serious business -- but not all the time.
Billions of dollars poured into political ads this election cycle, and they weren't just negative commercials, or attack ads, but messages of searing personal indictment. The question is: Did they work?
Democratic Senate nominee Jack Conway defends his religion-themed ad against his opponent, GOP Senate nominee Rand Paul.
A political group of gay conservatives will begin airing ads against a handful of Democratic candidates on Monday, including a spot against openly gay congressman Barney Frank of Massachusetts.
CNN's Maggie Lake discusses how financial reform could occur in the U.S.
With one day to go, lawmakers are nearing the finish line for melding two different versions of Wall Street reform.
House Financial Services chief Barney Frank publicly denounced a House Financial Services Committee staffer for leaving to become a lobbyist.
Putting Fannie Mae's and Freddie Mac's houses in order will have to wait.
Rep. Barney Frank discusses what he hopes to achieve at the World Economic Forum.
The House passed legislation Friday aimed at preventing the next big financial crisis, ushering in the most sweeping set of changes to the banking regulatory system since the New Deal.
A key House committee, culminating months of debate over how to reform bank rules, voted Wednesday in favor of legislation that aims to prevent firms from growing too big and threatening the financial system.
As Congress starts debating how to deal with financial firms deemed "too big too fail," some lawmakers and advocates are worried about giving the executive branch expansive new powers over the financial sector.
One year after risky practices by the nation's biggest banks almost brought down the economy, many of those institutions are even bigger -- and some say even riskier.
This summer, when Obama administration officials talked about overhauling financial regulation, they threw around a catchy phrase sure to appeal to consumers: "Plain vanilla" mortgages and credit cards.
Financial consumers would have fewer protections than originally envisioned under a draft of a bill being circulated on Capitol Hill.
At a contentious town hall meeting, Democratic Rep. Barney Frank engages in verbal fisticuffs.
Most Congress members conducting town hall meetings this month have chosen a noncombative posture to deal with angry participants who disrupt the proceedings. Not Rep. Barney Frank.
An American citizen can't sponsor her British partner because citizenship rights don't extend to same-sex couples.
Jared was forced to choose between a dying father and the love of his life.
Rep. Barney Frank defends his recent comments toward Supreme Court Justice Antonin Scalia.
Congressman Barney Frank is taking some major heat for making a serious accusation against Supreme Court Justice Antonin Scalia.
A key House panel on Wednesday advanced a bill to crack down on credit card interest rates and fees amid signs the Obama administration will try to toughen the bill further before it goes to a full vote.
In the U.S. Senate, seniority is all: You wait your turn. No one knows that better than Democrat Chris Dodd, the senior senator from Connecticut. "I went through 28 years of sitting next to people who either had the constitution of mules or great longevity," Dodd told Fortune late one afternoon recently in his arch-windowed office on Capitol Hill.
As the tide of outrage over AIG bonuses continued unabated Wednesday, a congressional committee became the epicenter of the issue as Edward Liddy, CEO and chairman of the troubled insurer, prepared to answer questions about executive bonuses.
Policymakers are reaching deep into their toolbox in search of a fix for the troubled financial markets. And once again, they are targeting short sellers, investors who profit when a stock price falls.
A bank that received $1.6 billion dollars of the government's bailout money sponsored what reports are calling a lavish series of events in Los Angeles, California, last weekend.
CNN's Ted Rowlands looks at parties thrown by Northern Trust, which has received bailout money.
A day after Treasury Secretary Tim Geithner said it would be a few weeks before he unveils a solution for the housing crisis, regulators and lawmakers pressed financial institutions to suspend foreclosures until the plan comes out.
House Financial Services Chairman Barney Frank promised to move quickly on a bill that promises $50 billion of foreclosure relief and toughens terms on companies getting taxpayer money.
CNN's Mary Snow reports on Americans looking for work and their feelings about job creation and the future.
Congressional Democrats are asking the Big Three automakers to submit a plan no later than December 2 for spending the $25 billion they have requested to rescue their companies, Senate Majority Leader Harry Reid said Thursday.
Rep. Barney Frank, chairman of the House Committee on Financial Services, highlighted the need for a bailout program for troubled homeowners on Wednesday. But he stressed that not all borrowers should necessarily be rescued.
Congressman and Wall Street critic Barney Frank calls the new rules governing executive pay for banks that take direct government investment "historic," adding "[t]his is the first time in American history that the federal government has applied restrictions on the compensation that goes to top executives."
Federal Reserve Chairman Bernanke says the new financial plan will help overcome challenges in the financial markets.
Lawmakers from both sides of the aisle Tuesday backed a Treasury Department plan to use part of the $700 billion bailout package to buy shares in U.S. banks.
House Republicans on Monday objected to new spending measures that congressional Democrats are considering as they draft a $150 billion economic stimulus package.
The fate of the government's $700 billion financial bailout plan was thrown into doubt Monday as the House rejected the controversial measure.
Panelists react to the stalled talks over the bailout package.
Rep. Barney Frank, a high-ranking Democrat, said he is convinced that by Sunday, lawmakers will reach a deal on the proposed $700 billion bailout of the nation's financial system.
The Bush administration and Congress anxiously revived negotiations Friday on a $700 billion financial bailout, one day after the largest bank collapse in U.S. history provided a brutal reminder of the risks of failure
What began as high-stakes negotiations over the proposed $700 billion bailout of the nation's financial system dissolved into bickering, begging and a roiling battle between parties Thursday night.
One day after President Bush said the nation's economy is at grave risk, the high-stakes negotiations over the proposed $700 billion bailout of the financial system ended in chaos on Thursday.
Democratic leaders on Capitol Hill said on Sunday that the Bush administration's $700 billion proposal to bail out the financial system lacked necessary safeguards for taxpayers and homeowners.
Congressional leaders said Friday that they were determined to quickly pass a massive plan to stabilize the financial market after they heard a "sobering" assessment from the administration's economic team.
Spend 27 years in Congress and you're bound to encounter more than one financial train wreck. But as Rep. Barney Frank, D-Mass., sees it, the meltdown in the U.S. housing market poses as much of a threat to the nation's economic well-being as anything he's encountered during his time on Capitol Hill.
President Cristina Fernandez de Kirchner repeated her call this week to decriminalize personal drug use and crack down on traffickers and dealers.
Rep. Barney Frank introduced a House bill Wednesday that would end federal penalties for Americans carrying fewer than 100 grams, or about a quarter-pound, of marijuana.
Rep. Barney Frank says he supports a law to remove federal penalties for possessing up to 100 grams of marijuana.
The U.S. should stop arresting responsible marijuana users, Rep. Barney Frank said Wednesday, announcing a proposal to end federal penalties for Americans carrying fewer than 100 grams, almost a quarter-pound, of the substance.
A key House committee grilled home lenders and housing advocates on Friday about mortgage industry efforts to work out affordable loans for troubled homeowners.
Congress moved a big step closer Tuesday to expanding government efforts to help at-risk homeowners.
Politicians in Washington are busy arguing about the financial and moral hazards of coming to the aid of troubled homeowners.
As the mortgage crisis grows, Congress considers legislation that would provide $300 billion in new loans.
A bill that would allow the government to guarantee new mortgages for homeowners facing foreclosure passed the House on Thursday, but it faces a veto threat from the White House and an uncertain fate in the Senate.
A bill meant to help homeowners caught up in the spreading mortgage crisis received committee approval Thursday after Democrats fended off numerous Republican challenges to the bill.
Congressional Democrats and the White House are on a collision course over an ambitious proposal drafted to address the spreading mortgage crisis.
Homeowners staggering under mounting mortgage debt and facing foreclosure could get cheaper, government-backed loans under Democrats' housing rescue plan
Government officials urged credit rating agencies Wednesday to rethink the way they rate municipal bonds, arguing that the current system saddles local governments and taxpayers with unnecessary costs.
This year's special rebate checks haven't been mailed out yet, but Congress is working on a foreclosure-prevention bill in conjunction with more proposals aimed at stimulating the economy.
Robert Miller of the Daily Telegraph in London on what's troubling the U.S. economy.
House Financial Services Committee Chairman Barney Frank, D-Mass., has secured two key Republican endorsements on his legislative plan to reform the mortgage industry, avoiding a potentially bruising political fight this week.
Barney Frank and Hank Paulson and Ben Bernanke want everyone to know this: They are not engaging in morally hazardous behavior.
The full impact of the upheaval in financial markets "has yet to play out," a top administration official said Wednesday, while stressing that the effect will be dampened somewhat by solid economic growth
The worst housing slump in 16 years and upheaval in financial markets have cast a shadow on the economy, leading lawmakers to question federal regulators
Congressional Democrats promoting legislative solutions to the mortgage-market crisis said Wednesday that a Bush administration plan doesn't go far enough to protect homeowners who face huge increases in their monthly payments when rates on their adjustable mortgages jump in the months ahead.
The full impact of the upheaval in financial markets "has yet to play out," a top administration official said Wednesday, while stressing that the effect will be dampened somewhat by solid economic growth.
The House Financial Services Committee asked the Federal Reserve and the U.S. Treasury Department to testify at a hearing Sept. 5 that will examine the current crises in the credit and mortgage market, Chairman Barney Frank, a Massachusetts Democrat, said Monday.
All five commissioners of the Securities and Exchange Commission are to appear Tuesday at a Congressional hearing that is expected to explore hedge fund activities, access to corporate proxy statements and so-called soft-dollar arrangements.
Lawmakers will take a closer look at the exclusive world of private equity on Wednesday, with a focus on the effect that buyouts can have on companies and on workers.
John J. Castellani has a dream, best described (with apologies to Castellani) as a twist on the 1975 hit "Why Can't We Be Friends?". As president of the Business Roundtable, Castellani is the Washington go-to guy for the nation's top CEOs, and right now he's gamely trying to make the most of a new political environment in which his constituency is about as popular as a batch of rejects from last night's American Idol.
Make sure there's extra money in the piggy bank for some wrist rests. The Occupational Safety and Health Administration (OSHA) is expected to put its new workplace standards into effect by year's e...
Easily the most maddening political debate these days is the one about whether Congressman Barney Frank, the Massachusetts Democrat, should resign on grounds of turpitude. Some say yes (e.g., the B...
; In a better world, we would not put our children through this. Every high school senior would know precisely what he or she wanted out of higher education; college admissions directors would hone...