The Latest Breaking News from Banking Committee

White House officials have reached out to a key Democratic ally in the Senate to discuss filling the vacant role of Fed vice chair, with the Wall Street Journal reporting that Chicago Fed President Austan Goolsbee is under consideration for the post.

With just weeks left in his final term, U.S. Sen. Pat Toomey played a key role in blocking sweeping anti-money laundering legislation that was created to choke off the billions of dirty dollars pouring into the United States from shady operators, including drug traffickers, oligarchs and corrupt foreign leaders.