Obama taps Elizabeth Warren to set up consumer protection bureau
President Obama names Elizabeth Warren as a special assistant to help establish the new Bureau of Consumer Financial Protection. The move, intended to speed creation without a Senate confirmation fight, prompts GOP concerns she would be too aggressive toward Wall Street. Warren led the Congressional Oversight Panel overseeing the TARP fund before stepping down.
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Ala
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Consumer Financial Protection Bureau
BP well could be sealed today after relief cement flow
Crews pumped cement Friday beneath the Gulf seafloor to permanently plug BP's blown out well. Officials expected complete sealing today after a hard fought relief well intersected the gushing site, with setting taking up to 24 hours.
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John Wright
Associated Press
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Americans struggle to regain wealth after recession
Americans face a slow recovery in net worth with the Fed reporting a 2.7 percent drop in the April to June quarter, down to 53.5 trillion dollars. Stocks have partly recovered, but economists warn it could take mid decade to reach pre recession wealth levels, impacting consumer spending and growth.
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Washington
Federal Reserve
Vancouver acid hoax leaves community puzzled and concerned
In Vancouver Washington the acid attack story by Bethany Storro unraveled as a hoax. The happiness fundraiser for her medical bills drew near $1,000 as her parents apologized and pledged to return all money. Police plan to pursue charges for filing a false police report.
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Ore
Clifford Cook
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