Daily News Channel
Hours before President Obama was to hold a prime time news conference — in part to boost his $3.6 trillion budget plan — a key Democratic senator Tuesday unveiled a scaled-down budget proposal. Sen.
The UK’s financial watchdog is looking into allegations that non-executive directors at the Royal Bank of Scotland were pressured not to raise concerns about the troubled state of the bank’s finances.
In most large American cities there are office buildings which sit half finished in their financial districts. There are still huge cranes next to some of them. If the construction on a site ended months ago, there is nothing left beyond the skyscraper skeleton and a security fence to keep vandals out.
Twenty state attorneys general announced investigations Friday into the $165 million bonuses paid by insurance giant AIG last week, with Connecticut’s top lawyer issuing subpoenas to CEO Edward Liddy and 11 other executives. Connecticut Attorney General Richard Blumenthal and the Democratic chairman of the General Assembly’s Banks Committee want Liddy and other executives to appear Thursday and bring with them “original or copies of documents regarding the AIG Financial Products Corp
Barely a day goes by on Capitol Hill without some politician expressing a good measure of righteous indignation.
Outrage over bailed-out insurance giant American International Group’s million-dollar bonuses may grab headlines, but its payouts on complicated financial instruments deserve closer examination, ex-New York Gov. Eliot Spitzer said Thursday
The House of Representatives passed legislation Thursday to try to recoup bonuses paid to Wall Street executives with taxpayer money. The measure passed, 328-93; most Democrats supported the measure, while Republicans were sharply divided.
Guests on "The Tonight Show with Jay Leno" usually appear to promote a movie, TV show, book or album, but President Obama will visit the NBC show Thursday to make the case for his financial rescue plans. While presidential candidates — as far back as Richard Nixon’s performance on “Rowan & Martin’s Laugh-In” in 1968 — have used comedy shows for campaigning, Obama becomes the first sitting president to appear. “We don’t look at it as the process of demonstrating the president’s sense of humor,” said White House spokesman Robert Gibbs
Ask an Administration official what to expect legislatively this year and the answer will probably fall along these lines: reregulation of the financial markets, followed by the budget, health care and then green jobs. It is a massive agenda for President Barack Obama’s first year in office, and already some in the environmental community are worried that their agenda will be sacrificed.
Gold is on the move.