News Source: CNN
| about 1 month ago
Wall Street needs to focus more on helping Main Street than self-enrichment, two of President Obama's top advisers said. Chief of Staff Rahm Emanuel and Senior Adviser David Axelrod said Wall Street institutions that received taxpayer-funded bailouts...
News Source: Washington Post
| about 1 month ago
Top Obama administration officials sharply criticized Wall Street firms planning to pay big bonuses, pointedly contrasting the soaring profits some financial companies have recorded in recent days with continuing high jobless rates across the country.
News Source: The New York Times
| about 1 month ago
Striking a populist tone, several of President Obama ’s leading advisers on Sunday issued stern warnings to Wall Street. They said big banks must not resist greater government oversight now that they have regained their financial footing through...
News Source: Reuters
| about 1 month ago
A key Democrat voiced confidence Sunday that Senate leaders will include a government-run health insurance plan in the healthcare bill they bring to the full U.S. Senate for a vote -- and suggested it might even pass. Senator Chris Dodd acknowledged...
News Source: Xtra News
| about 1 month ago
In the wake of landmark profits posted by the US banking industry last week, Washington will seek to strike a delicate balance toward massive bonuses expected to be paid out by Wall Street, experts said. If President Barack Obama's administration...
News Source: Reuters
| about 1 month ago
White House aides pushed Obama's proposals for a broad rewriting of financial regulations aimed at preventing a repeat of Wall Street's worst crisis since the Great Depression. The Obama administration has become increasingly vocal about what it...