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Corporate winners of Obama budget still face long odds

February 9, 2016 by · Leave a Comment 

By Lewis Krauskopf NEW YORK (Reuters) – Facing a hostile Congress in an election year, President Barack Obama will be hard-pressed to push through many of the proposals in his final budget as U.S…

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Corporate winners of Obama budget still face long odds

congress

Drug exec Shkreli, lawmakers clash ahead of congressional hearing

January 21, 2016 by · Leave a Comment 

Former pharmaceutical executive Martin Shkreli was on a collision course with Congress on Thursday as lawmakers warned he could be prosecuted for contempt if he does not appear next week for a hearing about drug prices. A lawyer for Shkreli…

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Drug exec Shkreli, lawmakers clash ahead of congressional hearing

congress

Fed approves curb to future ‘too big to fail’ lending

November 30, 2015 by · Leave a Comment 

The Federal Reserve Board on Monday approved a proposal to curb its emergency lending powers, a change demanded by Congress after the central bank's controversial decision to aid AIG , Citigroup and others in 2008. The rule, unanimously approved by the Fed's Washington-based board in an open meeting, requires that any future emergency lending be only “broad-based” to address larger financial market…

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Fed approves curb to future ‘too big to fail’ lending

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