The chair of the House Financial Services Committee told CNBC banks should do more to boost pay for employees, because they 'are overflowing with profits.'
Democratic Rep. Maxine Waters, chair of the House Financial Services Committee, told CNBC on Wednesday banks have"extraordinarily high" executive salaries and should do more to boost employee pay, because they were helped by the Republican tax cuts and are flush with profits.
On Wednesday, the CEOs of some of the country's top banks were on Capitol Hill to testify before the House Financial Services Committee on how the industry has changed 10 years after the financial crisis. They were asked questions on everything from diversity and salaries to Russian accounts and policies involving gun manufacturers.
The ranking member of the Financial Services Committee, Rep. Patrick McHenry, R-N.C., used his opening remarks during Wednesday's congressional event to slam Democrats' motives:"This is a hearing in search of a headline."
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Democratic Rep. Eric Swalwell of California joins 2020 presidential raceThe California Democrat is entering the 2020 presidential contest and is likely to focus on the issue of gun violence.
Read more »
Rep. Tim Ryan of Ohio joins Democratic presidential raceThe congressman is pitching himself as a moderate Midwestern voice in the crowded field.
Read more »
California Rep. Eric Swalwell enters 2020 presidential race with focus on gunsSwalwell, best known for speaking out on Russia, is the latest candidate to join a field that is expected to be the largest ever.
Read more »
Eric Swalwell announces 2020 presidential bidDemocratic Rep. Eric Swalwell announced Monday that he is running for president, telling 'Late Show' host Stephen Colbert that he believes the United States is in 'quicksand' where Americans feel they are 'running in place and it is not adding up to anything.'
Read more »
‘If you wish to leave, you may’: Waters and Mnuchin argue over hearing lengthRep. Maxine Waters (D-Calif.) and Treasury Secretary Steven Mnuchin argued about the length of an April 9 House appropriations subcommittee hearing.
Read more »
Watch Maxine Waters and Treasury Secretary Mnuchin argue at hearing: 'I will not be back here'Rep. Maxine Waters, the chair of the House Financial Services Committee, and Treasury Secretary Steven Mnuchin squabbled on Tuesday over his schedule.
Read more »
Waters to Mnuchin: 'If you wish to leave, you may leave'Treasury Secretary Steven Mnuchin ended a long day of testimony before House lawmakers in a verbal sparring match with California Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, over his insistence on leaving for a previously scheduled appointment.
Read more »
Democrats push for release of full Mueller report, President Donald Trump's tax returnsEXCLUSIVE: Pres. Trump's attorney Jay Sekulow says Democrats pushing for the release of Trump's tax returns don't have a 'legitimate legislative purpose': 'It's not the law for the United States. We don't have a requirement that presidents do that'
Read more »