The House Oversight and Government Reform Committee is holding hearings into accusations that the Internal Revenue Service singled out conservative groups for extra tax scrutiny. Lois Lerner, the IRS official at the center of the scandal, is expected to decline to answer questions. Live Coverage
WASHINGTON - Home resales rose in April to the highest level in nearly 3-1/2 years, which should support the housing sector and the overall economic recovery.
May 22 - The pound's down and bonds bounce, as the latest data and BoE minutes cast doubt over the UK recovery. Expect cable near $1.48 and gilt yields at 1.70%, says ICAP. Plus, euro/Swiss hits a 2-year high.
To his supporters, he’s the personification of everything that’s best about the financial system. But to detractors, he’s the personification of all that’s wrong with modern banking — the arrogance, the resistance to new regulation, the astronomical pay in the face of obvious mistakes. Commentary
We are witnessing the slow death of public opinion in this country. It’s being displaced by party opinion. Elections today are less and less about persuasion and more and more about mobilization: You rally your supporters in order to beat back your opponents. Commentary
While I join the chorus of rage aimed at the excesses of a Department of Justice leak investigation that has criminalized the reporting of Fox News Channel’s James Rosen, I also wonder how much of Rosen’s trouble is of his own making. Commentary
Japan’s property sector has been down in the dumps for decades. But the country's massive stimulus drive is finally convincing people to buy again as they bet interest rates and prices will rise. Video