May 20 Senate Passes Landmark Financial Reform Bill In a 59-39 vote Thursday evening, the Senate passed a sweeping overhaul of how the government regulates banks and Wall Street, marking the biggest overhaul of financial regulation since the 1930s and giving President Barack Obama a major policy victory. Continue reading
May 20 Watch News Wrap: Director of National Intelligence Will Step Down In other news Thursday, there are reports that Director of National Intelligence Dennis Blair may resign his office and the Senate moved to clear the way for the final passage of the financial regulatory reform bill. Continue watching
May 19 Watch News Wrap: U.S. Contractor Killed in NATO Base Attack in Afghanistan In other news Wednesday, Taliban militants attacked one of NATO's largest military bases in Afghanistan, killing a U.S. contractor and democrats in the Senate fell short in a bid to push financial reform to a final vote. Continue watching
May 18 Democrats Hope for Financial Reform Passage This Week Senate Majority Leader Harry Reid, D-Nev., filed a procedural motion called cloture Monday evening to end debate on the financial reform bill that has been working its way through the Senate, setting up a vote on the legislation as… Continue reading
May 13 Senate Considers Amendments to Financial Reform Bill Over the past two days, senators have begun considering a handful of the more than 200 amendments filed to the massive financial reform bill aimed at overhauling the U.S. financial system. Already, a few key amendments have passed. Continue reading
May 13 Watch Do Obama’s Financial Reforms Measure Up Against Past Attempts? In his ongoing series of reports making sense of the financial system, Paul Solman talks to author and MIT economics professor Simon Johnson about how President Obama's attempts to regulate financial firms compare to reform campaigns of past presidents. Continue watching
May 06 Watch News Wrap: Senate Democrats Reject GOP Financial Reform Amendment In other news Thursday, Senate Democrats rejected a key Republican amendment to the financial reform bill aimed at the Consumer Financial Protection Agency. Also, Nigeria's acting head of government officially became president of Africa's most populous nation following the death… Continue watching
May 05 Dodd and Shelby Strike Deal on Too Big to Fail After weeks of negotiations, Sens. Chris Dodd (D-Conn.) and Richard Shelby (R-Ala.) reached a bipartisan agreement Tuesday that would put an end to taxpayer bailouts of large, systemically important financial firms. A proposed $50 billion fund that would have… Continue reading
May 05 Watch News Wrap: Volcanic Ash from Iceland Grounds More European Flights In other news Wednesday, a cloud of volcanic ash from Iceland grounded flights in Scotland and Northern Ireland for a second day, and the U.S. Senate has dropped a $50 billion fund intended for liquidating banks from financial reform amendments… Continue watching
Apr 30 Watch News Wrap: Goldman Sachs Faces Criminal Probe In other news Friday, the federal government began a criminal probe into financial firm Goldman Sachs, following the civil charges launched by the Securities and Exchange Commission. The government also reported that consumer spending helped lift the economy last quarter,… Continue watching