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David Nason, assistant secretary of the Treasury for financial institutions, testified before a House subcommittee that it is important that the program, which provides a federal backup for insurers'

Edward Lazear, chairman of the Council of Economic Advisors, told the Senate panel that the administration "opposes legislation to create a new federal program to backstop catastrophe insurance," and

Edward Lazear, chairman of the Council of Economic Advisors, told the Senate panel that the administration "opposes legislation to create a new federal program to backstop catastrophe insurance," and

WASHINGTON--A Democratic lawmaker, a White House official and a Republican Senator made comments today revealing persistent differences over whether to provide a permanent government support for terro

Treasury to testify this week after industry players, senators clash over federal

WASHINGTON--Bush administration officials will testify on insurance regulation Tuesday before the Senate Banking Committee in another sign of growing federal interest in revamping the insurance regulat

WASHINGTON--Bush administration officials will testify on insurance regulation Tuesday before the Senate Banking Committee in another sign of growing federal interest in revamping the insurance regulat

The administration's position was made known in the wake of last night's 98-1 vote to approve debate on the measure, a tally signaling it has gained enough momentum to have a good chance of passing t