Economic Security
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Elise Viebeck, The Hill
African-American leaders praised President Obama's second inaugural address for its bold, inclusive language about poverty, climate change and civil rights.
Obama, America's first black president, was inaugurated for a second term in an historic ceremony Monday. The occasion coincided with Martin Luther King Jr. Day, adding to its meaning, particularly for black leaders.
Kristin Donnelly, MSNBC's Jansing & Co.
"We Democrats were pleased that we were able to protect the average American family in America. This was not difficult. We did not get everything. Yes we did kick [the can] down the road. There are spending cuts and some other things that have to be considered, but we did protect the American taxpayer and we made sure they didn't have a tax increase," Waters said on Jansing & Co.
Congresswoman Maxine Waters (D-CA) released the following statement on Tuesday night's passage of Senate Amendment H.R. 8, the American Taxpayer Relief Act of 2012:
"I am pleased that we were able to reach an agreement that prevents tax hikes from rising on middle class families and ensures that the wealthy will pay their fair share to reduce the deficit. While this agreement is not perfect, it is a step in the right direction to protect families and grow the economy.
Washington Post
Robert Schmidt and Michael J. MooreAug 03, 2012 12:00 am ET
Aug. 3 (Bloomberg) -- The trading losses at Knight Capital Group Inc. renewed pressure on Washington regulators to prove they are equipped to protect investors in markets that are increasingly computerized and fragmented.
Whitney Kisling, ©2012 Bloomberg News
Published 01:28 p.m., Thursday, August 2, 2012
(Updates throughout with more details, comments.)
By Suzanne Barlyn
July 25 | Wed Jul 25, 2012 1:22pm EDT
(Reuters) - U.S. House lawmakers on Wednesday introduced legislation that would require certain investment advisers pay fees to help fund adviser examinations conducted by regulators.
Representative Maxine Waters from California, the second-ranking Democrat on the House Financial Services Committee, said in a statement that she introduced the bill "to provide a dedicated funding source" to help the U.S. Securities and Exchange Commission better police the roughly 10,000 investment advisers the agency will oversee.
Congresswoman Maxine Waters (D-Calif.) today introduced the Investment Adviser Examination Improvement Act of 2012, which would provide the Securities and Exchange Commission (SEC) with the authority to impose and collect user fees on investment advisors for the purpose of increasing the number and frequency of SEC examinations. This bill is co-sponsored by Reps. Barney Frank and Michael Capuano. The Congresswoman's statement on the introduction of her bill is below:
By Emily Stephenson
WASHINGTON, July 10 (Reuters) - A fresh burst of scandals, including allegations that major banks tried to manipulate global benchmark interest rates and another case of missing customer funds at a futures brokerage, has raised Washington's ire on both sides of the political aisle.
Today on Capitol Hill, Congresswoman Maxine Waters (D-CA) introduced the TIGER Grants for Job Creation Act. This bill will provide an emergency supplemental appropriation of one billion dollars over the next two years for the Transportation Investment Generating Economic Recovery (TIGER) program, which creates jobs by funding investments in transportation infrastructure. The bill is cosponsored by 36 of her colleagues.