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The Latest Breaking News from Sherrod Brown

Jerome Powell Gets Reminder From Senator Brown Ahead Of Fed Meet: 'Don't Forget Your Responsibility To Promote Maximum Employment'

The Chair of the Senate Committee on Banking, Housing, and Urban Affairs, Sherrod Brown, has sent a letter to Federal Reserve Chair Jerome Powell, reminding him about the central bank’s dual mandate and asking him not to forget his responsibilities to

Benzinga

Lawmakers, advocates eye year-end bills for housing credit

WASHINGTON — Lawmakers and advocates are eyeing year-end legislation as vehicles to expand a low-income housing construction incentive as opportunities dwindle to address a growing affordability crisis before the next Congress.

Tribune News Service

Lawmakers, advocates eye year-end bills for housing credit - Roll Call

Lawmakers and housing advocates are eyeing year-end legislation to expand a low-income housing tax credit to support affordable housing.

Roll Call

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Ohio Senate race: Tim Ryan faces JD Vance in crucial election

Buckeye State’s voters could determine the balance of the US Senate

The Independent UK

Buy America takes a back seat in drive to build EV charging stations - Roll Call

The Department of Transportation and others have been seeking waivers from the made-in-America provisions of the bipartisan infrastructure law.

Roll Call

Ohio Senate race: Tim Ryan faces JD Vance in crucial election

Buckeye State’s voters could determine the balance of the US Senate

The Independent UK

Mail thefts surge nationwide

DAYTON, Ohio — A rash of local mail thefts coincides with a reported 17-fold nationwide increase in checks stolen from the U.S. mail being posted for sale online — as officials representing postal service police say they are hamstrung in arresting perpetrators, a Dayton Daily News investigation found.

Tribune News Service

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Why is the Senate race between J.D. Vance and Tim Ryan in Ohio so close?

LANDEN, Ohio — Former President Donald Trump won this state twice, each time by more than 8 percentage points.

Los Angeles Times

Ways and Means leaders working on lame-duck Social Security fix

A year-end package is being eyed to fix a provision that many say unfairly cuts benefits for public employees who have government pensions.

Roll Call

Political divide snags the digital update to anti-redlining law

Federal bank regulators' efforts to modernize the 45-year-old law known as the Community Reinvestment Act to reflect the rise of digital banking are raising accusations of partisanship, a claim that those digging into the details say is likely unfounded.

Tribune News Service

Why a shuttered auto plant in Ohio could doom Democrats from picking up a key Senate seat

One of 2022’s most important Senate races may have been decided on ‘Black Monday’, John Bowden reports from Youngstown, Ohio

The Independent UK

Political divide snags the digital update to anti-redlining law - Roll Call

Complaints of partisanship go on regardless which party is trying to update the Community Reinvestment Act for new financial technology.

Roll Call

As 'buy now, pay later' plans grow, so do delinquencies

A growing number of American shoppers have jumped at the chance to use “buy now, pay later” loans to pay for new sneakers, electronics, or luxury goods in installments

The Independent UK

Fed ethics inquiry clears Powell and Clarida trades

The Federal Reserve’s inspector general concluded that financial trades made several years ago by Chair Jerome Powell and Richard Clarida, then the vice chair, did not violate any laws or ethics rules

The Independent UK

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Tribune News Service

Senate confirms former prosecutor to run agency overseeing gun laws

WASHINGTON — The Bureau of Alcohol, Tobacco, Firearms and Explosives will have its first permanent leader in seven years after a bipartisan Senate vote Tuesday confirmed former federal prosecutor Steven Dettelbach for the role.

Roll Call

Senate confirms former prosecutor to run agency overseeing gun laws - Roll Call

Biden's second pick for the job, Steven Dettelbach got support from two Republicans to become first confirmed ATF director in seven years.

The Independent UK

US solar companies weigh challenge to Biden pause on tariffs

U.S. solar manufacturers are considering legal challenges after President Joe Biden declared a two-year pause on tariffs for solar imports from Southeast Asia

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 1

Reuters Redbird Capital Buys Italian Football Club AC Milan

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Benzinga

Senator Sherrod Brown Asks Wells Fargo To Right Past Wrongs

Sen. Sherrod Brown, Chair of the Senate Committee on Banking, Housing, and Urban Affairs, has asked Wells Fargo & Co (NYSE:WFC) to stop its mismanagement practices. In an open letter to CEO Charles Scharf, the senator urged the company to right past wrongs. "Recent revelations of racial disparities in mortgage lending, fake…

Tribune News Service

Window closing for US to implement global corporate tax deal

With midterm elections fast approaching, Democrats’ window to follow through on the Biden administration’s plan for rooting out tax havens and raising taxes on global companies’ foreign profits may be closing.

Roll Call

Window closing for US to implement global corporate tax deal - Roll Call

Democrats’ window for rooting out tax havens and raising taxes on global companies’ foreign profits may be closing.

Roll Call

Terra's stablecoin flop raises questions about regulatory role - Roll Call

The plunge in the algorithmic stablecoin TerraUSD is sparking debate among lawmakers over what, or how much, the government should do.

Tribune News Service

Senate confirms Powell to second term as Fed chairman

Jerome Powell sailed through the Senate on Thursday with strong bipartisan support for a second term as chairman of the Federal Reserve Board.

Roll Call

Senate confirms Powell to second term as Fed chairman - Roll Call

The Senate on Thursday confirmed Jerome Powell for a 2nd term as chairman of the Federal Reserve, the third Fed nominee confirmed this week.

Roll Call

Senate confirms Jefferson, fourth Black man to join Fed board - Roll Call

Philip Jefferson will become the fourth Black man to join the Fed board after the Senate confirmed him with strong bipartisan support.

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