Volcker rule still under attack from Republicans

WASHINGTON — The Volcker rule was designed to prevent another financial crisis similar to 2009, but critics say it will affect average bankers across the country instead of targeting Wall Street financial institutions. The House Financial Services Committee examined...

Senate confirms Baucus as ambassador to China

WASHINGTON — The Senate confirmed Montana Senator Max Baucus’s appointment as ambassador of China on Thursday on a 96-0 vote. Baucus “is an extremely smart person, and certainly versed in what goes on here in the Congress of the United States,” said Senate...