Administration pushes for Wall Street regulations
The Obama administration urged limits on big banks and kept consumer protections central as Senate talks continue on a consumer protection entity. The plan touts the Volcker Rule and a standalone agency, while Corker and Dodd discuss a less autonomous option with Senate leaders.
MENTIONED IN THIS ARTICLE
Wall Street
Washington
Obama
Senate
Senate Banking Committee
Chris Dodd
Connecticut
Treasury Department
Dodd
Sen
Bob Corker
R-Tenn
Volcker
Federal Reserve
Paul Volcker
Corker
Associated Press
Treasury
U.S
Timothy Geithner
White House
Valerie Jarrett
House
Banking
Richard Shelby
Alabama
House Financial Services Committee
Barney Frank
D-Mass
Shelby
Banking Committee
Sens
Judd Gregg
Mike Crapo
Mitch McConnell
Gregg
Fed Beige Book shows slow growth but snowstorms curb activity
The Fed Beige Book reports the economy expanding gradually with nine of twelve regions improving while early February snowstorms hit activity on the East Coast. Richmond suffered most, with weather snapping momentum across sectors. Job growth remains soft, unemployment near 9.7 percent, and consumer spending shows uneven gains amid storms.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Fed
Richmond
Maryland
Virginia
Carolinas
Philadelphia
New York City
Institute For Supply Management
Readjustment brings victory in long wars
Adm. Mike Mullen told Kansas State University that victory in Iraq and Afghanistan will come through a mix of military and diplomatic power, allied support, and patient strategy rather than a single battle. He noted Iraq’s vote as a sign, outlined troop drawdown to about 50,000 by August, and described Afghanistan operations near Marjah with emphasis on minimizing civilian harm.
MENTIONED IN THIS ARTICLE
Manhattan
Kan
Joint Chiefs of Staff
Iraq
Afghanistan
Adm
Mike Mullen
Kansas State University
U.S
Mullen
United States
Basra
Anbar
Kansas State
London
Marjah
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Energy Gis
GFCI
Ivory
ASPEN
Fluidmaster
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Monarch
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2Nd Street