1.
U.S. markets recover from steep losses
WASHINGTON, Feb. 23 (UPI) -- White House Press Secretary Robert Gibbs said President Barack Obama is committed to forming a financial protection agency for U.S. consumers.
Among the key proposals in Obama's financial reform package, the creation of an agency that would regulate consumer products such as mortgages, credit cards and other consumer financial products has met with opposition from Republicans and banking industry lobbyists.
Gibbs said the president was also standing firm on the so-called "Volcker rule"
Named after former Federal Reserve Chairman Paul Volcker, the rule would ban commercial banks from proprietary trading.
"The administration remains as committed today to what was outlined that day with Chairman Volcker and members of the economic team," Gibbs said, fielding questions from reporters.
"We're not walking away from and we're not watering down that proposal one bit," he said.
|
|
|
|
|
|
| Additional Business News Stories | |
JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
|
LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
