Senators have criticized Goldman Sachs Group Inc. for profiting from the housing collapse. And Congress is considering legislation to curb Wall Street risk-taking, including the use of financial instruments known as derivatives and of leverage, or methods that amplify returns.
According to The Journal's analysis of congressional disclosures, investment accounts of 13 members of Congress or their spouses show bearish bets made in 2008 via exchange-traded funds—portfolios that trade like stocks and mirror an index. These funds were leveraged; they used derivatives and other techniques to magnify the daily moves of the index they track.
As the government shutdown drags on, Smithsonian museums, the National Zoo and other facilities are the...
Arizona’s Democratic senators pressed Mike Johnson on Wednesday to swear in their state’s newest representative, Adelita...
The U.S. Department of Education fired nearly everyone in the Office of Special Education and Rehabilitative...
The federal government has shut down after lawmakers in Congress failed to reach an agreement on...
