Peter DeFazio News

Three House Democrats are ripping a proposed tax on stock transactions, even as the idea gains traction among Democrats desperate to fund jobs creation.

By the time President Obama landed back on American soil last Thursday, politicians on Capitol Hill were beginning to show the effects of a week without adult supervision.

The Federal Reserve asked nine of the U.S. banks that were part of this year's stress tests to submit plans for repaying the government's capital injections, a person familiar with the situation said.

Lawmakers could propose within weeks a US version of the tax on financial trades favoured by Gordon Brown to fund the global recovery from the financial crisis.

If you are in the stock market you may see increased taxes soon to fund a new job program Congress is trying to pass before the end of the year.

Close REVIEW & OUTLOOK NOVEMBER 25, 2009 The Uncertainty Economy Tim Geithner is not the Democrats' biggest problem.

It has taken nearly 10 months for Democrats to face reality, but it's finally dawning on some of President Obama's allies in Congress that his economic policies aren't working.

Treasury Secretary Timothy F. Geithner is making few new friends in Congress these days, as a growing litany of bipartisan critics are questioning whether he should keep his job.

Via Drudge comes this news , reported by The Hill newspaper, of a long-awaited stock transaction tax bill.

Photograph: Gerald Herbert/AP Advocates of a Tobin tax on financial transactions accept that any international levy would need US support and an increasingly vocal coalition of Democrats in Washington is pressing a sceptical Obama administration to get on board.

The health care debate has sucked so much oxygen out of the Capitol's chambers that it's been easy to miss another simmering story: Democratic fears about the economy.

A House bill still being drafted aims to raise $150 billion each year to pay for new jobs.

Rank Race Change 1 LA-02 Republican None 2 LA-03 Democrat Up 3 NY-23 Republican Up 4 NM-02 Democrat Up 5 IL-10 Republican Down 6 AL-02 Democrat Up 7 MD-01 Democrat Down 8 PA-06 Republican Down 9 CO-04 Democrat Up 10 PA-07 Democrat Up Rank Race Primary Change 1 Republican None 2 Democrat None 3 Republican Up 4 Republican None 5 Republican Down 6 ...

Well, you had to know that on the day Salon posts its Sexiest Man Living , I'd be doing a Tim Geithner post, right? But I come to study Geithner, not to ogle him*. He's having another extremely rough week, as both a Democrat and a Republican have taken to the public forum to demand he loses his job: one on MSNBC Wednesday night, and one to ...

An audit of the Federal Reserve Bank would "substantially castrate the Fed so it cannot do what it was set up to do," Rep.

This story was written by Brady Dennis, Zachary A. Goldfarb and Neil Irwin . Growing discontent over the economy and frustration with efforts to speed its recovery boiled over Thursday on Capitol Hill in a wave of criticism and outright anger directed at the Obama administration.

U.S. Rep. Greg Walden, R-Hood River, won't run for Oregon governor, he announced Thursday.

CBSa s Early Show on Friday completely ignored the grilling Treasury Secretary Tim Geithner received on Capitol Hill on Thursday and the calls for his resignation by members of Congress.

Adding to lawmaker criticism of U.S. Treasury Secretary Timothy Geithner's performance is a new survey released on Friday showing 42 percent of Americans say he has done a "poor job" handling the credit crisis and federal bailout programs.

Battles over regulatory change in Washington heated up Thursday as a House panel approved audits of the U.S. Federal Reserve.