Obama retooling health care pitch to emphasize consumer protections in visits to NC, VAJuly 29th, 2009 Obama: health plan to include consumer protectionsRALEIGH, N.C. — Senators reported progress on legislation to overhaul the nation's health care Wednesday as President Barack Obama introduced a retooled message asserting his plan would protect Americans and limit insurers' power.
Dispute between Treasury, Fed on consumer protection oversight goes to Capitol Hill on FridayJuly 24th, 2009 Treasury, Fed dispute on display in CongressWASHINGTON — Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke are squaring off in a public dispute over who should become the nation's top consumer watchdog. Geithner wants to strip the Fed of its consumer protection duties and create a new federal agency designated solely to such a mission.
Obama says financial system stabilized but needs new dose of regulationJuly 23rd, 2009 Obama: Banking system needs new regulationWASHINGTON — President Barack Obama says the financial system has stabilized but needs new regulations to curtail behavior and practices that led to the meltdown that brought Wall Street to the brink of collapse. The president specifically mentioned regulatory changes that would require shareholders to have nonbinding votes on executive compensation packages.
Democrats' quick push of financial regulation overhaul worries some lawmakersJune 18th, 2009 Obama's plan for Fed worries some in CongressWASHINGTON — President Barack Obama's plan to transform the Federal Reserve into a super-regulator ran into skepticism Thursday from lawmakers who worry that the central bank is not the best suited to keep an eye on firms deemed so big and influential that their demise could hurt the economy. Democrats and Republicans voiced misgivings as Treasury Secretary Timothy Geithner began a marathon day of selling Obama's financial regulatory plan to give the Fed more authority, create a new consumer protection agency and bring unregulated sectors of the financial markets under government oversight.
Obama to announce financial system overhaul, extension of federal benefits to gay partnersJune 17th, 2009 Obama to detail overhaul of finance regulationsWASHINGTON — President Barack Obama will unveil his proposal to overhaul regulations covering major financial institutions. He is calling for a new regulatory agency and expanded powers for the Federal Reserve to supervise large financial insittions considered too big to fail.
Obama to send Congress more work _ a sweeping fix of the nation's financial regulationsJune 17th, 2009 New Obama initiative seeks fix to finance regsWASHINGTON — A new consumer protection agency highlights a financial system overhaul President Barack Obama plans to unveil Wednesday in effort to avert future economic crises like the one still wreaking havoc at home and around the globe. Obama's sweeping change of business regulation also embraces new powers for the Federal Reserve and new rules that would reach into currently unregulated regions of the financial markets.
Obama cites 'culture of irresponsibility' underlying deep recession plaguing the countryJune 17th, 2009 Obama cites decades of mistakes behind recessionWASHINGTON — President Barack Obama is offering a broad-scale overhaul of the financial system, saying hard times struck largely because a post-Depression era business regulatory scheme couldn't keep up with an increasingly global economy. In remarks readied for the unveiling of new rules to govern business, Obama attributed much of the country's current problem to "a cascade of mistakes and missed opportunities" which happened over several decades.
White House adviser Romer, GOP leader Boehner, part company on aspects of new financial rulesJune 17th, 2009 Romer, Boehner, debate new financial regulationsWASHINGTON — White House adviser Christina Romer said Wednesday the Obama administration's proposal to overhaul the financial regulatory system should be accepted by Congress because "the status quo is not an option."
At the same time, the leading House Republican Leader John Boehner said that while the GOP agrees on many aspects of financial regulatory change now being proposed, members of his party worry about the government taking too large a role. "If you look deeply ...
Administration unveils sweeping regulatory overhaul seeking to prevent future financial crisisJune 17th, 2009 Administration unveils financial regulatory changeWASHINGTON — The Obama administration has unveiled a sweeping regulatory overhaul that it hopes will restore confidence in the U.S. financial system and prevent a repeat of the worst crisis to hit Wall Street in seven decades.
Obama wants new agency to protect consumers in their financial transactionsJune 16th, 2009 Obama wants new financial agency for consumersWASHINGTON — Setting up a certain fight with big business, President Barack Obama is about to recommend creation of a regulatory agency to protect consumers in their credit, savings and other banking transactions. The new agency and a newly empowered Federal Reserve will be two of the central elements of a broad overhaul of the financial regulatory system that the president will announce on Wednesday, officials said.
Official: Obama wants new agency to protect consumers in their financial transactionsJune 16th, 2009 Official: Obama to propose new consumer agencyWASHINGTON — An Obama administration official says the Treasury will propose the creation of a regulatory agency to protect consumers in their credit, savings and other banking transactions. The new agency is one of the central elements of President Barack Obama's overhaul of the financial regulatory system.
Obama set to roll out new financial rules; goal is to prevent future systemwide crisisJune 14th, 2009 Obama wants tighter checks on banks, Wall StreetWASHINGTON — President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression. The goal is to prevent a recurrence of the economic crisis that erupted in the United States and exploded last fall with devastating consequences still reverberating around the world.
US seeks dramatic expansion of financial regulatory powersMarch 26th, 2009 WASHINGTON - US President Barack Obama's administration, in a massive overhaul of the country's financial regulatory system, is seeking the power to keep watch on all types of financial firms and to seize failing companies integral to the health of the system. US Treasury Secretary Timothy Geithner unveiled the plans in congressional testimony on Thursday, arguing that the current financial turmoil has proven the system is 'too unstable and fragile' to be allowed to manage itself.
Real estate regulatory act soonJanuary 22nd, 2009 NEW DELHI - The government will soon come up with a model regulatory act for the real estate sector, Minister of State for Poverty Alleviation and Affordable Housing Kumari Selja said here Friday. 'We will soon come up with a model regulatory act for states to follow.
Merkel warns US, Obama, against protectionismJanuary 19th, 2009 BERLIN - On the eve of the inauguration of Barack Obama as US president, German Chancellor Angela Merkel sent a warning to the US against the temptation to fall back on protectionist trade policies as a way out of the global financial crisis. Speaking at a meeting of the National Association of German Industry (BDI) in Berlin, Merkel said that after the excesses of the recent past, especially in financial markets, it was time to set up a global regulatory system which contains the essential elements of a social market economy.
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