BARACK OBAMA

Senate launches debate on Wall Street bill

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The Senate opened debate on Wall Street reform on Thursday with an amendment to bar use of taxpayer funds in any future government actions to dismantle financial mega-firms that get into trouble.

Pay czar says pay influenced Goldman's bets

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The Obama administration's pay czar said on Thursday that the lure of fat paychecks influenced Goldman Sachs Group Inc's bets against subprime mortgages before the market collapsed during the financial crisis.
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Republicans back down on financial reform

A three-day Senate standoff over efforts to overhaul financial regulation ended on Wednesday as Republicans dropped efforts to block a Democratic bill in exchange for a handful of concessions.
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Merkel demands faster Greek rescue, Spain downgraded

German Chancellor Angela Merkel said on Wednesday Greece's international bailout must be accelerated for the sake of the entire euro zone, as the far bigger Spanish economy suffered a credit rating downgrade.
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Could growth trump unemployment in election?

If the unemployment rate remains high, it is received political wisdom that President Barack Obama's ruling Democrats will be punished by the voters in congressional elections in November.
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Bank rule reform falls short again in Senate

Senate Republicans on Tuesday blocked a sweeping overhaul of banking rules for a second straight day as they sought to extract more concessions from Democrats eager to crack down on Wall Street.
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Senate Republicans block bank reform bill again

For a second time in as many days, U.S. Senate Republicans mustered enough votes on Tuesday to block debate of a Democratic bill that would bring the biggest overhaul of financial regulation since the 1930s.
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Senate faces fresh vote on bank rule reform

A sweeping overhaul of banking rules appeared to be headed toward another roadblock in the U.S. Senate on Tuesday, although an influential Republican predicted it ultimately will pass the chamber.
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Eventual bank reform passage seen, votes loom

Influential Republican Senator Judd Gregg said on Tuesday he expects the Senate to eventually pass a financial reform bill as Democrats moved to force a series of votes to try to open debate on the measure.
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Bernanke warns budget commission on deficits

Federal Reserve Chairman Ben Bernanke told a bipartisan budget commission on Tuesday the country's deficits are on an unsustainable path, and will require remedial action from policymakers.
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Bernanke says prompt action needed on deficit

Federal Reserve Chairman Ben Bernanke said on Tuesday the country's budget deficit is on an unsustainable path and requires near-term action from policymakers to avoid dangerous outcomes.
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Financial reform bill stumbles in Senate

The most sweeping overhaul of U.S. banking rules since the Great Depression stumbled in the Senate on Monday as Republicans united to prevent action on the bill.
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Goldman shouldn't be judged as evil empire

Goldman Sachs Group Inc will want a judgment based on 'merits and facts' in the fraud case against it rather than popular opinion that it is an 'evil empire', a senior lawyer from the firm that represents it said on Monday.
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Goldman, CEO hit with investor lawsuit

Goldman Sachs Group Inc and Chief Executive Lloyd Blankfein were hit with a shareholder lawsuit claiming they hid key details about a risky transaction that resulted in civil fraud charges and a plummet in its stock price.
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Financial reform nears test in Senate

The most sweeping overhaul of financial regulation since the Great Depression was on track to fail its first procedural test on Monday in the Senate, where Republicans vowed to block the Democratic bill.
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Obama fulfills Cairo pledge with entrepreneur summit

President Barack Obama launches a new effort on Monday to build business and social ties to the Muslim world, but analysts say the need for progress on big issues like Middle East peace will overshadow the initiative.
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Senators close to deal on financial regulation

Senators negotiating financial regulatory reform legislation said on Sunday they were close to a bipartisan agreement, but conceded they may not get a deal before a crucial Senate vote on Monday.
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Obama says auto bailouts have paid off

President Barack Obama said on Saturday taxpayer-funded bailouts of the auto industry that he approved had paid off, in what amounted to a rejection of conservative arguments against such government help.
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Republicans talk tough on pending Wall St vote

Senate Republicans vow to oppose a Democratic effort to begin debate next week on a proposed crackdown on Wall Street unless a bipartisan accord is reached, senior Republican aides said on Friday.
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G20 plots post-crisis path

World finance leaders gather in Washington on Friday hoping to plot a course beyond the financial crisis, but Greece's worsening debt woes served as a stark reminder the global economy remains vulnerable.
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Obama scolds Wall St for resisting reform

President Barack Obama scolded Wall Street on Thursday for its furious efforts to fight tighter regulation, saying the United States was doomed to another financial crisis if reforms were not implemented
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Boeing CEO hits Airbus tanker over subsidies

Boeing Co's chief executive said government subsidies received by archrival Airbus give the European aircraft builder a significant advantage in their rematch for a potential $50 billon U.S. Air Force aerial-refueling fleet contract.

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