IRS Scandal Adds "Momentum" For Tax Overhaul

May 17 (Bloomberg) -- Senate Finance Committee Chairman Max Baucus (D-Mont) says the firestorm engulfing the IRS is just the tip of the iceberg and believes "a lot more" information will come out in coming weeks. But House Ways & Means Committee Chairman Dave Camp (R-MI) says the scandal doesn't warrant a special prosecutor at this point. Both agree though that the controversy gives ammunition to their push to overhaul the U-S tax code. Sen. Baucus and Rep. Camp are interviewed by Peter Cook on this Sunday's Bloomberg Government's "Capitol Gains." (Source: Bloomberg)

Yellen Testifies on Fed Policy, Negative Rates (Part 1)
41:14 - Federal Reserve Chair Janet Yellen testifies before the Senate Banking Committee in Washington about monetary policy, negative interest rates, the economy and the banking system. (This is the first part of the second day of Yellen's two-day semi-annual report to Congress. Source: Bloomberg)
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