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Law Legislation

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    It is in the interests of all parties to support a strong financial services sector, one that can provide the lending required by businesses and individuals to drive the economic recovery forward.

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    To improve their profits, companies delay payment of justified claims, deny payment altogether, and defend their actions by forcing claimants to sue to get what they are entitled to, writes the author.

  • US Capitol Building with cash

    End the public lifeline for large financial institutions, Republicans are demanding as they push back against Democratic efforts to set new rules for the financial industry.

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    Russian consumers are able to spend, the Russian government has significant room to maneuver, and there is no need to endure a long and painful process of systemic deleveraging - all of which make Russia a smart play for growth-oriented investors.

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    It’s one of the great mysteries of the mortgage crisis: Why did Texas—Texas, of all places!—escape the real estate bust?

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    Credit default swaps (CDS) will be looked at closely to ensure transparency but they aren't necessarily going to be banned, EU Financial markets commissioner Michel Barnier told CNBC.

  • Allen Stanford

    The federal judge in accused Ponzi schemer Allen Stanford's criminal case says he wants some answers before agreeing to Stanford's request for yet another new legal team.

  • With all these governors raising sales taxes on pole-dancing and everything else in sight, here's a guy with the political will and leadership to cut spending on education, health and union pensions without raising taxes in order to close a $4 billion deficit.

  • Allen Stanford

    Victims of the alleged $7 billion Allen Stanford Ponzi scheme may get a greater voice in how what's left of their investments will be divvied up.

  • American healthcare reform

    An association representing 300 large corporations is pressing for the repeal a provision of the health care overhaul that prompted AT&T, Caterpillar  and other companies to announce substantial charges, the NYT reports.

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    We are facing an across-the-board tax-hike assault from federal, state, and local sources. This, despite a precarious outlook of a return to long-term economic prosperity after an especially deep and painful recession.

  • President Obama signs the health care reform bill into law at the White House

    More than a week after President Obama signed the sweeping new health care law, which will eventually provide insurance coverage for 32 million uninsured Americans, many of us are still scratching our heads. What just happened? And how and when will we start feeling its effect? the NYT explains.

  • A Royal Bank of Scotland logo is seen outside the company's offices in central London, Tuesday May 29, 2007. A consortium led by Royal Bank of Scotland PLC said Tuesday it will launch a hostile bid of euro71.1 billion (US$95.5 billion) for ABN Amro, topping a friendly offer from Barclays PLC and pressing Bank of America Corp. for control of the Dutch bank's U.S. arm. (AP Photo/Matt Dunham)

    Royal Bank of Scotland has been fined £28.59 million ($38.5 million) by the Office of Fair Trading after admitting breaches of competition law, adding weight to concerns that the UK banking sector operates in a club-like atmosphere rather than a highly competitive industry.

  • Timothy Geithner

    The financial reform bill is moving closer to guaranteeing two critical functions: that taxpayers will never again have to spend billions to rescue failing banks, and that institutions will never be considered 'too big to fail,' Treasury Secretary Timothy Geithner told CNBC.

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    That tattoo you’ve been considering on your next trip to Minnesota may fall off your to-do list, if the state’s legislature is successful at passing a bill to tax that service. The push is part of a drive in various states to raise revenue by taxing services that largely go untaxed.

  • Los Angeles Dodgers owner Frank McCourt (L) and Jamie McCourt walk into the Memorial Coliseum prior to the start of the game against the Boston Red Sox March 29, 2008 in Los Angeles, California.

    Former Dodgers CEO Jamie McCourt says she wants her first-class lifestyle back and believes it will take nearly $1 million a month to do so.

  • Cost of healthcare

    Now that President Obama has rammed through his trillion-dollar gut renovation of U.S. health care, here are six provocative questions on what we have wrought.

  • Lev Goukassian, owner of the Nirvana Pharmacy, a medical marijuana shop in Los Angeles, California, works on his products.

    Perhaps only in California could a group of marijuana smokers call themselves fiscal realists. And yet, faced with a $20 billion deficit, strained state services and regular legislative paralysis, voters in California are now set to consider a single-word solution to help ease some of the state’s money troubles: legalize. The NYT reports.

  • US Trade Representative Ron Kirk

    A thriving middle-class of consumers in China could lead the way to  easing trade relations between China and the U.S., Ron Kirk, U.S. Trade Representative, told CNBC today.

  • Sen. Joseph I. Lieberman, I-Vt., Sen. Lindsey Graham, R-S.C., and Sen. John Kerry, D-Mass., during a news conference on comprehensive climate change and energy independence legislation.

    Less than a year ago, cap and trade was the policy of choice for tackling climate change. Today, the concept is in wide disrepute, with opponents effectively branding it “cap and tax,” and Tea Party followers using it as a symbol of much of what they say is wrong with Washington. The NYT reports.