Jun 25 After Long Haul, a Deal on Financial Reform Legislation It took all night to do it -- not to mention the many months that have passed since the emergence of the financial crisis of 2008 -- but negotiators in the House and Senate approved a financial reform… Continue reading
Jun 25 Gwen's Take: McChrystal and the Gift of 20/20 Hindsight Several of us had a debate going on Wednesday morning. Would the president fire Stan McChrystal? Would he leave him in charge because change would be too risky? Or would he kick the can down the road and replace him… Continue reading
Jun 25 Friday: Financial Reform Deal Reached; BP's Costs Hit $2.35 Billion Conference committee chairman Rep. Barney Frank (D-Mass.) at Senate-House meetings. Photo by Mark Wilson/Getty Images. A sweeping overhaul of Wall Street rules cleared congressional negotiations early Friday after last-minute deals and compromises. Final votes in the House and… Continue reading
Jun 25 Watch Shields and Brooks on Obama's Response to McChrystal, Wall Street Overhaul Columnists Mark Shields and David Brooks sort through the top political stories of the week, including Gen. Stanley McChrystal's ouster, financial reform clearing a major hurdle in Congress and the rejected extension of unemployment benefits for many Americans. Continue watching
Jun 25 Watch News Wrap: June Deadliest Month for NATO Troops in Afghanistan In other news Friday, three more American troops were killed in Afghanistan, bringing the U.S. death toll for June to 48. Also, oil continues to wash onto beaches in Florida and Mississippi as Thad Allen warned that a potential storm… Continue watching
Jun 24 Economic Hardship Index Holds Some Good News; Housing Concerns Persist By Dante Chinni Turning on an economic recovery is not like turning on a light. Numbers improve and then, slowly, people begin to feel better and start to spend. In 2010 that means for any real economic improvement to have an impact on… Continue reading
Jun 24 Fake Drugs A Global Health Threat By Talea Miller Fake drugs manufactured to resemble dozens of well-known pharmaceutical brands are making their way across international borders and threatening lives, the World Customs Organization said Thursday. "Countries across the globe, in particular those in Africa, suffer the scourge of being… Continue reading
Jun 24 Supreme Court Narrows Scope of 'Honest Services' Law By Quinn Bowman The Supreme Court ruled Thursday to apply more narrowly a law used to prosecute white-collar crime in response to three separate cases involving the so-called "honest services" law. The decisions were unanimous. In Skilling v. United States, former Enron… Continue reading
Jun 24 Watch Supreme Court Limits Scope of White-Collar Fraud The U.S. Supreme Court ruled Thursday to limit the definition of a federal fraud law. Jeffrey Brown talks with Marcia Coyle of the National Law Journal about what the ruling could mean for several well-known cases of white-collar crime. Continue watching
Jun 23 McChrystal Relieved of Afghan Post; Obama Names Petraeus as Successor By Quinn Bowman President Obama relieved Gen. Stanley McChrystal, the top U.S. commander in Afghanistan, from command Wednesday after the general and his aides disparaged Obama administration officials and policy in a magazine article. President Obama announced that he was nominating Gen. Continue reading