DeFazio, D- Ore., said the Formosa Mine, which is on federal and private land outside Riddle, illustrates what is wrong about the 1872 Mining Act: the Canadian companies that reopened the mine in the 1990 s have disappeared; the bond put up for cleanup was nowhere near enough to cover the true costs; and the federal government never got a penny in royalties.» Read More
A tug of war between bulls and bears stalled the stock market Wednesday and could do so again Thursday, as traders focus on hours of testimony from Treasury Secretary Tim Geithner.
President Obama's approval rating eased by five points this spring as Americans worried about unemployment and the federal budget deficit, according to a new NBC News/Wall Street Journal poll.
US banks could become less competitive—and less profitable—from President Obama's proposed financial overhaul, analysts say
The financial overhaul expands the Fed's powers but also restricts them, underscoring the central bank's awkward role in bank regulation and the economy.
Following are President Barack Obama's prepared remarks on the proposed financial regulatory reform plan.
The most sweeping overhaul of financial markets regulation since the Great Depression is unlikely to cause much of a ripple in an already edgy stock market, traders say.
The new financial consumer protection agency to be included in Obama's regulatory reforms will have broad powers, covering a variety of products and services, CNBC.com has learned.
President Barack Obama's plan to overhaul financial regulations gives the Federal Reserve too much power and will distract it from its core mission of setting monetary policy, Sen. Charles Grassley told CNBC.
The U.S. dollar's rebound took a bite out of stocks and commodities Monday, and traders look for more volatility this week.
President Obama is about to learn the unpleasant risks of trying to please most all of the people all of the time.
President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression.
Stocks could have a hard time snapping out of their current trading range, which seems to be getting narrower and narrower.
Historic anti-smoking legislation sped to final congressional passage on Friday— after a bitter fight lasting nearly a half-century— and lawmakers and the White House quickly declared it would save the lives of thousands of smokers of all ages.
Auto dealers accustomed to negotiating sales on their car lots clustered in the Capitol instead this week, looking to their trusty, neighborhood lawmakers to do some hard bargaining for them.
It's accepted wisdom that government and business are like oil and water; the two don't mix—never have, never will.
Stocks are having a hard time breaking out of the doldrums this week, and Friday is unlikely to be much different, particularly if oil continues to bubble higher.
In answers to questions about the deal in the days following its announcement, Lewis defended the price BofA agreed to by saying the firm viewed Merrill as a world class asset that competitors might try to swoop in and buy and so BofA needed to pay a sufficient price to lock it up.
The Senate has voted to give the government extensive new powers to decide how tobacco companies will make and market their products. Supporters say that could spare millions from smoking addiction and premature death.
The Republican Party blueprint for reform would strip the Federal Reserve of significant powers, create a single banking regulator, establish a special bankruptcy code to handle the collapse of too-big-to-fail non-banking firms and promises "no more bailouts."
May's retail sales data and weekly unemployment claims could sway markets ahead of Thursday's open, but trading will revolve once more around the Treasury's afternoon auction.
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