WASHINGTON (Reuters) - The top U.S. securities regulator said market watchdogs need to supervise credit default swaps, securities blamed for exacerbating 2008's market meltdown and more recently the Greek debt crisis.
"If we continue to allow these risky financial products to operate in the dark we should not be ...More
WASHINGTON (Reuters) - President Barack Obama on Thursday faced pressure to help create jobs in African-American communities and deliver an immigration overhaul even as he tried to push healthcare reform across the finish line.
Back-to-back White House meetings with representatives from the black and Hispanic communities were evidence of the long ...More
WASHINGTON (Reuters) - President Barack Obama on Thursday named 10 charities to share his $1.4 million Nobel Peace Prize, with causes ranging from wounded veterans to Haiti's earthquake survivors and education for minorities.
"These organizations do extraordinary work in the United States and abroad helping students and veterans and ...More
NEW YORK (Reuters) - New York Attorney General Andrew Cuomo on Thursday said he "removed himself" from two ethics probes of state Governor David Paterson.
Cuomo, who is expected to run for governor, named Judith Kaye, the state's former top judge, to oversee inquiries into whether Paterson, a fellow Democrat ...More
ABU DHABI (Reuters) - Defense Secretary Robert Gates said Thursday that leading Gulf states appeared ready to use their clout to lobby China to support sanctions against Iran over its disputed nuclear program.
A day after meeting Saudi Arabia's King Abdullah in Riyadh, Gates traveled to the United Arab Emirates ...More
WASHINGTON (Reuters) - The United States said on Thursday it believed indirect Mideast peace talks between Israel and the Palestinians were still on, saying it had no confirmation that the Palestinians had decided to drop out.
State Department spokesman P.J. Crowley cast doubt over comments by Arab League chief Amr ...More
WASHINGTON (Reuters) - The White House said on Thursday it was optimistic Congress would pass financial regulatory reform this year despite the collapse of Senate talks aimed at producing bipartisan legislation on the issue.
White House spokesman Robert Gibbs said he didn't believe lawmakers would want to face voters in ...More
WASHINGTON (Reuters) - Senate Democratic leader Harry Reid formally notified Republicans on Thursday that he will attempt to pass the final changes to a healthcare overhaul through the budget process of reconciliation.
The process, used in the past by Republicans, requires only a simple majority in the 100-member Senate, bypassing the ...More
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Thursday praised Senate Banking Committee Chairman Christopher Dodd for his work on financial reform and pledged to work with him on a bid to overhaul banking rules.
Geithner issued a statement not long after Dodd confirmed that a bipartisan Senate bid to craft ...More
WASHINGTON (Reuters) - Lockheed Martin Corp's F-35 program, the Pentagon's biggest acquisition ever, is crashing through a cost-growth threshold that will spark a thorough review of the program, the Pentagon's chief weapons buyer told Congress on Thursday.
Ashton Carter, undersecretary of defense for acquisition, said the average price ...More
