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Legislation Regulations

  • Doug Oberhelman, CEO Elect of Caterpillar

    Taxation on a US corporation’s foreign profits, now on the financial reform table in Congress, is a major concern, incoming CEO of Caterpillar, Doug Oberhelman, told CNBC Tuesday.

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    Some $20 billion in new bank taxes and fees that were added to the financial reform bill at the last minute could end up sinking the entire legislation.

  • After a week of dismal economic data, we learned Monday that personal incomes were up last month. Could Friday's jobs numbers bring more good news?

  • President Barack Obama

    The Obama administration is seeking to nearly double the wireless communications spectrum available for commercial use over the next 10 years, an effort that could greatly enhance the ability of consumers to send and receive video and data with smartphones and other hand-held devices. The NYT reports.

  • Doctor holding test tube

    While most people living in the United States might think tuberculosis is a disease that no longer affects this country, in reality, between nine and 14 million Americans are infected with the bacteria that cause TB.

  • Joe Sanderson of Sanderson Farms has the details on two positives for the industry.

  • Sen. Robert Byrd (D-West Virginia) served in the Senate for more than 50 years.

    Sen. Robert Byrd's death Monday morning could affect the passage of the financial reform bill, said Sheila Bair, the chairman of the Federal Deposit Insurance Corporation.

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    Well before Congress reached agreement on the details of its financial overhaul legislation, industry lobbyists and consumer advocates started preparing for the next battle: influencing the creation of several hundred new rules and regulations.

  • JP Morgan Chase

    Not since the Great Depression, when the mighty House of Morgan was cleaved in two, have Washington lawmakers rewritten the rules for Wall Street as extensively as they did on Friday.

  • Considering Goldman Sachs stands to lose a lot from financial regulation, why is it trading like it's a winner?

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    There has been much attention paid today to the language in the bill as it applies to the market making function of trading and to the parts of a banks’ derivatives business that must be segregated in a separately capitalized subsidiary.

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    Kate Kelly's insight into why large banks are concerned about language that was taken out of the Volcker Rule because it may cut into their market-making profits, which is at the core of what they do in trading stocks and bonds.

  • The one bank that really wins with FinReg.

  • The financial overhaul bill will end the prospect of government bailouts of financial giants considered ''too big to fail," Rep. Barney Frank (D-Ma.) told CNBC Friday.

  • Hollywood sign

    The movie studios are celebrating a ban on box-office futures trading that was included in the final financial reform legislation. At about 1 am eastern a House-Senate conference committee agreed to adopt the Senate's language banning the trading of derivatives based on box office revenue.

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    The new limits on proprietary trading and hedge fund investments may actually benefit big banks more than harm them—especially in the hedge funds they market to clients.

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    Now, with financial reform set to be implemented in Washington, there will be fewer unknown unknowns. This will contribute to a healing of the U.S. credit system. Moreover, the November election is likely to lead to more balance in the House and Senate, which means that the worst of the regulatory cloud and government involvement will soon pass. This could rally risk assets if this viewpoint becomes popular. Still, challenges remain.

  • So what exactly is the real message of the tea parties? And how large an impact will they have on the upcoming elections? These are just a couple of the questions I posed to my old friends Rick Santelli and Lou Dobbs on last night’s Kudlow Report.

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    US lawmakers hammered out a historic overhaul of financial regulations as dawn broke over the nation's capital Friday, handing President Barack Obama a major domestic policy victory on the eve of a global summit devoted to financial reform

  • Government Regulation

    The financial regulation bill agreed upon by Congressional leaders overnight is too weak and will not reform the system, Williams Isaac, former chiarman of the FDIC, told CNBC.