Wall Street

Senate passes financial industry overhaul

Senate passes financial industry overhaul

In a major victory for President Barack Obama, the US Senate has passed the most sweeping overhaul of financial industry rules since the Great Depression of the 1930s. By a 59-39 margin, lawmakers approved Thursday an ambitious effort to curb Wall Street excesses blamed for fueling the 2008 global economic meltdown, amid smoldering voter anger […]

Rhodent upstages Obama

Rhodent upstages Obama

In the midst of his battle with the titans of Wall Street, President Barack Obama was nearly upstaged by a rodent. Obama had just begun a Rose Garden statement lauding the end of a Senate filibuster on his financial overhaul when some kind of rodent dashed out of the bushes to his right, just outside […]

Democrats block GOP effort to kill consumer protections

Democrats block GOP effort to kill consumer protections

The Senate on Thursday rejected a Republican attempt to defang consumer protections in a sweeping Wall Street reform bill, while voting to give small banks a break on deposit insurance. Despite procedural delays, lawmakers covered some ground on a top priority of the Obama administration that would be the biggest overhaul of the financial rulebook […]

Some agreement on Wall Street reform

Some agreement on Wall Street reform

Key senators reached a partial agreement on Wall Street reform on Tuesday, but disputes over some issues continued, and the Senate adjourned without casting votes on amendments as planned. The chief Democratic and Republican negotiators agreed on a new government protocol for dismantling financial giants in distress. Their pact briefly stirred hopes among lawmakers that […]

Republicans block Wall Street reform…again

Republicans block Wall Street reform…again

Undaunted by the political risks, Senate Republicans hung together and again thwarted Democratic efforts to start formal debate on sweeping legislation to rein in Wall Street excesses. For the second time in two days, lawmakers voted 57-41 to take up the popular bill, falling short of the 60 needed to move ahead with the toughest […]

Dems to GOP: ‘Go ahead, make our day’

Dems to GOP: ‘Go ahead, make our day’

With a showdown vote looming, Democrats are resisting Republican appeals for a broad compromise on financial overhaul legislation and are eager to test whether GOP unity will crack in an anti-Wall Street political climate. The top negotiators on the regulatory bill — Democratic Sen. Christopher Dodd and Republican Sen. Richard Shelby — professed to be […]

Obama seeks to smear Republicans with Wall Street slime

Obama seeks to smear Republicans with Wall Street slime

The White House on Monday sought to tar Republicans with Wall Street excess, as President Barack Obama cranked up his campaign to quickly pass the most sweeping regulatory reform law in decades. Aides said Obama will venture into the heart of the US financial capital in New York to make a major speech on Thursday […]