TAMPA, Fla. — The CEO of JPMorgan Chase survived a shareholder push Tuesday to strip him of the title of chairman of the board, five days after he disclosed a $2 billion trading loss by the bank.
NEW YORK — Goldman Sachs, arguably the most storied investment bank on Wall Street, has been compared to a money-sucking vampire squid and called the evil empire of finance. On Wednesday, it got a black eye from one of its own.
WASHINGTON — Cost estimates for a key portion of President Barack Obama’s health care overhaul law have ballooned by $111 billion from last year’s budget, and a senior Republican lawmaker on Friday demanded an explanation.
WASHINGTON — Treasury Secretary Timothy Geithner told Congress Tuesday that the president’s new $3.8 trillion spending plan would impose new taxes on only 2 percent of the nation’s wealthiest families and the alternative would be to seek more painful cuts in other government programs such as defense, Social Security and Medicare.
In what now seems to be a weekly ritual, U.S. financial markets fluctuated throughout the past week based upon anticipated future economic and political developments. But as has become more and more common, it is not the potential outlook for our country that has memorized financial market participants, but rather that of the European Union’s 27 country confederation, or even more specifically, the euro-zone’s 17 member nations that utilize a common currency, the euro.
WASHINGTON — President Barack Obama said Monday the United States stands ready to do its part to help Europe with its deepening debt crisis, even as the White House ruled out any financial contributions from U.S. taxpayers.
WASHINGTON (AP) — Feisty and cagey, ex-President Richard Nixon defended his shredded legacy and shady Watergate-era actions in grand jury testimony that he thought would never come out. On Thursday, it did.
WASHINGTON — With bipartisan talks stalled, House Republicans and Senate Democrats readied rival debt-limit emergency fallback plans in hopes of reassuring world financial markets on Monday the U.S. government will avoid an unprecedented default in barely a week.