ORLANDO, Florida (Reuters) - U.S. bank regulator Sheila Bair said she has "serious concerns" that the Senate's regulatory reform bill allows for backdoor bailouts of the largest financial firms.
Bair, speaking to a community bankers conference on Friday, said the draft bill seems to allow such rescues through the ...More
BARVIKHA, Russia (Reuters) - The United States and Russia have resolved all major issues in talks on a new arms control pact and are on the brink of an agreement, U.S. Secretary of State Hillary Clinton said on Friday.
"Our negotiating teams have reported that they have resolved all of ...More
MOSCOW (Reuters) - Two members of the international quartet of Middle East mediators suggested on Friday that stalled indirect peace talks between Israel and the Palestinians may be unblocked in coming days.
Speaking after a meeting in Moscow of the group -- comprising the United States, European Union, United Nations and Russia ...More
WASHINGTON (Reuters) - President Barack Obama, under pressure to keep a campaign promise to revamp U.S. immigration policy, embraced a "promising, bipartisan framework" on Thursday offered by two senior senators.
Obama said the proposal by Democrat Charles Schumer and Republican Lindsey Graham, which features a new identification card for U ...More
By Allyn Fisher-Ilan and Arshad Mohammed
JERUSALEM/MOSCOW (Reuters) - Israel tried to defuse a dispute with the United States on Friday over plans to expand settlements, saying it would propose "confidence-building" steps to the Palestinians to encourage a renewal of peace talks.
Relations between Israel and its the United States ...More
NEW YORK (Reuters) - A wealthy businessman who raised money for leading Democratic Party politicians, including Barack Obama and Hillary Clinton, pleaded guilty on Thursday to defrauding three major banks out of $292.2 million in loan transactions.
Hassan Nemazee, 60, who once ran a private equity firm, admitted in Manhattan ...More
WASHINGTON (Reuters) - An American political odd couple is leading a charge to crack down on what critics see as China's unfair trade practices.
Opposites in politics and personal style, Republican Senator Lindsey Graham and Democratic Senator Charles Schumer share the view that China manipulates the value of its currency ...More
WASHINGTON (Reuters) - A top Senate Republican said on Thursday that setting up a fund to help unwind large troubled firms may perpetrate the assumption that some financial firms will always be rescued by the U.S. government.
"I am not sure creating a fund or a honey pot is the ...More
WASHINGTON (Reuters) - The tension level in the debate on U.S. financial reform rose on Thursday as Democrats slapped back at a Republican leader's comment about "punk staffers" and a pivotal vote neared in the Senate.
White House economic adviser Larry Summers and other Democrats criticized remarks made by ...More
NEW YORK (Reuters) - New York authorities, agencies, and local governments that pay public workers some of the highest salaries and benefits in the state must explain how they are calculated, the attorney general said on Thursday in a new bid to root out abuses.
Pension payments to retirees in two ...More
