Sometimes laws meant to help don't do anything at all, but in some cases they make the situation much worse, and by much worse I mean they completely backfire and cause bigger problems than whatever it is they were trying to fix in the first place.
The Supreme Court on Monday struck down part of a law to prevent fraud committed by companies like Enron and WorldCom, saying a board to police public companies' auditors violated the Constitution.
Lawmakers, narrowing the differences between legislation from the House of Representatives and the Senate, agreed to establish a Bureau of Consumer Financial Protection to address the shoddy lending and ineffective regulation that helped bring about
When the House of Representatives voted on Wednesday to grant subpoena powers to a presidential commission formed to investigate the BP oil gusher in the Gulf of Mexico, the sole "no" vote was cast by Rep. Ron Paul (R-TX).
Regardless of the disaster in the Gulf and turbulence in the stock market, most congressional leaders enjoyed nice nest eggs for their post-political days.
"I voted for you," the caller said in a voice mail to Democratic Rep. Heath Shuler’s district office. “If you vote for that stimulus package, I’m gonna kill you. Simple as that.” The FBI says the caller was a 70-year-old resident of Shuler’s North Ca
The U.S. Senate approved a sweeping Wall Street reform bill on Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s.