Federal Reserve

Senate Turns Aside New Attempt to Scrutinize Fed

REUTERS Mon Jul 6, 2009 5:59pm EDT WASHINGTON (Reuters) – The U.S. Federal Reserve, facing growing pressure as it tries to heal the ailing economy, dodged a bullet on Monday when the U.S. Senate cast aside a new effort to increase scrutiny of the central bank. On procedural grounds, the Senate blocked a bid to […]

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Big Banks Get Big Time Changes

Jun 17, 7:13 PM (ET) By JIM KUHNHENN and MARTIN CRUTSINGER ASSOCIATED PRESS WASHINGTON (AP) – From simple home loans to Wall Street’s most exotic schemes, the government would impose and enforce sweeping new “rules of the road” for the nation’s battered financial system under an overhaul proposed Wednesday by President Barack Obama. Aimed at […]

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