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After years of being blocked by Democratic leader Harry Reid, the Senate will finally get a chance next year to vote on legislation to force a broad audit of the Federal Reserve's decision-making.
Once championed in Congress by former Rep. Ron Paul, the push to force the country's central bank to undergo a full audit has been picked up by his son, Sen. Rand Paul, R-Kentucky, and others, and has the backing of the leader of the new Republican majority, Sen. Mitch McConnell, also a Kentucky Republican, whose office says the legislation will earn a floor vote.
Max Keiser and Stacy Herbert celebrate the first day of 2015 with some regular guests who attempt to predict the big themes of the New Year. First, they talk to Dominic Frisby of Moneyweek.com about where it all might kick off this year - perhaps Japan? Next, Professor Steve Keen talks Minsky moments, debt deflation and the Bancor. Last, but not least, they speak to Liam Halligan of BNE.eu for his predictions on Europe, China, Russia and dividend yields in 2015.
NEW YORK (Reuters) - Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit.
NEW YORK (Reuters) - The performance of the Pimco Total Return Fund, the world's largest bond fund, trailed most of its peers in 2014 after a turbulent year at fund manager Pimco, preliminary data from Morningstar showed on Wednesday.
(Reuters) - Inovalon Holdings Inc, an analytics and data-based technology service provider to the healthcare sector, filed with U.S. regulators on Tuesday to raise up to $500 million in an initial public offering of Class A common stock.
NEW YORK (Reuters) - A federal judge has rejected Wachtell, Lipton, Rosen & Katz's bid to dismiss CVR Energy Inc's lawsuit accusing the prominent New York law firm of malpractice in advising on a 2012 hostile takeover of the oil refiner by billionaire Carl Icahn.
BOSTON (Reuters) - Wealthy investors are poised to put at least $90 billion into hedge funds next year, even after returns have largely been lackluster this year, research firm eVestment said on Tuesday.