Scott Phillips had to close his small plumbing company after the housing bubble burst and his business dried up. Roshonda Bolton lost her job when the garment and uniform factory where she had worked for 16 years shut down last August.
While the younger generation, very visibly led by Lloyd C. Blankfein, chief executive of Goldman Sachs, lobbies Congress against such regulation, their spiritual elders support the reform proposed by Paul A. Volcker and, surprisingly, even more restrictions. The New York Times reports.
Imagine if, one year ago, Congress had passed a stimulus bill that really worked. The New York Times explains that's exactly what happened.
Washington’s new political reality has left the fate of comprehensive healthcare reform uncertain, but there’s still plenty Congress and the Obama administration can do to improve the American healthcare system, writes this CEO.
Billy Tauzin, the former Louisiana congressman, is resigning as president of the drug industry trade group Pharmaceutical Research and Manufacturers of America amid internal disputes over its pact with the White House to trade political support for favorable terms in the proposed health care overhaul.
An ex-Goldman Sachs programmer was charged on Thursday for stealing propriety computer codes used to support his former employer's high-frequency trading system.
A decade ago, New York City officials were so reluctant to give out food stamps, they made people register one day and return the next just to get an application. The welfare commissioner said the program caused dependency and the poor were “better off” without it.
With criminals growing increasingly sophisticated and organized, identity fraud is once again on the rise, according to a survey released by Javelin Strategy & Research.
President Barack Obama said a Tuesday meeting with top House and Senate leaders from both parties "went very well," but continued to ask for more bipartisan cooperation on pending legislative matters.
As the record federal budget deficit draws increasing scrutiny from Washington to Wall Street to Main Street, deficit hawks may take aim at entitlement programs including Social Security. And, the nearly 80 million Baby Boomers phasing into retirement will set in motion a dynamic that—if not addressed by Congress—could result in the next generation getting fewer benefits.
Senate banking committee chairman Christopher Dodd (D-Conn.) says negotiations on a bipartisan regulatory reform bill for the financial sector have "reached an impasse" and as a result he will move forward with a revised version of his draft legislation first unveiled in Novermber.
Senate banking committee members have made major progress in long-running negotiations over a financial reform bill, but time appears to be running out on forging a consensus package.
The New York Attorney General's office is filing civil charges against Bank of America and its former CEO Ken Lewis, saying the bank misled investors about Merrill Lynch when it acquired the Wall Street bank in late 2008.
It would take a sharp fall in the price of oil or another crisis to change Russia's economic system for the long term, Nouriel Roubini, economist and New York University Professor, told CNBC Thursday.
The Securities and Exchange Commission's new rule requiring publicly held companies to disclose their exposure to potential losses from climate change helps not hurts Corporate America.
President Obama would have to battle liberals, persuade China to boost its currency 40%, get the world economy to grow much faster and cut taxes for US exporters, the NY Times reports.
Contrary to popular belief - and one often fueled by misperception and misinformation, major IT services companies do not hoard visas and they do not displace American workers. However, before favoring massive H1-B reform or outright abolishment, opponents should take a closer look at its implications from a global perspective.
Many Americans think President Obama should spend more time on the economy and think his health-care plan is a bad idea, according to a new NBC News/Wall Street Journal poll.
The Supreme Court’s decision to treat business entities as “people” has fired up political pundits and lobbyists on all sides, writes William Dunkelberg, Economics Professor at Temple University.
The Democrat Debacle in Massachusetts offered a rare gift to President Obama: a premonition of the rout that was about to rack his own party in the mid-term congressional elections nine months from now. Instead, Bam is losing it.