WASHINGTON — A council of top financial regulators, upset with the Securities and Exchange Commission for failing to strengthen rules governing money market mutual funds since the financial crisis, is trying to force the S.E.C. to adopt stricter regulations.
WASHINGTON — President Obama reassured leaders of labor and progressive groups on Tuesday that he will not yield to Congressional Republicans and extend Bush-era tax cuts for the wealthiest Americans as he negotiates for a deficit-reduction plan to avoid looming tax increases and spending cuts.
LONDON — BP, the British oil company, said Thursday it would pay $4.5 billion in fines and other payments to the United States government and plead guilty to 14 criminal charges in connection with the giant oil spill in the Gulf of Mexico two years ago.
The payments include a $4 billion fine to be paid over five years, with much of it to go to government environmental agencies, BP said in a statement.
Yesterday’s Egyptian-brokered ceasefire between Gaza and Israel collapsed today when Israel launched a major escalation. In airstrikes almost certainly involving U.S.-made F-16 warplanes and/or U.S.-made Apache helicopters, Israel’s air force assassinated Ahmad Jaabari, the longtime military leader of Hamas. As the Israeli airstrikes continued today, seven more Palestinians were killed and at least 30 were injured, ten of them critically.
HICKAM AIR FORCE BASE, Hawaii — White House and Pentagon officials hope to determine within weeks the number of American troops that will remain for the long term in Afghanistanafter the bulk of United States forces come home in 2014, Defense Secretary Leon E. Panetta said Monday.
Back in 2010, self-styled deficit hawks — better described as deficit scolds — took over much of our political discourse. At a time of mass unemployment and record-low borrowing costs, a time when economic theory said we needed more, not less, deficit spending, the scolds convinced most of our political class that deficits rather than jobs should be our top economic priority. And now that the election is over, they’re trying to pick up where they left off.
Mitt Romney said he wasn't concerned about the very poor, because they have a safety net. This is typical of the widespread ignorance about inequality in our country. Struggling Americans want jobs, not handouts, and for the most part they've paid for their "safety net." The real problem is at the other end of the wealth gap.
They don’t call it the "cliff” for nothing. It’s the fiscal spot where a nation’s representatives can gather and cry doom. It’s the place -- if Washington is to be believed -- where, with a single leap into the Abyss of Sequestration, those representatives can end it all for the rest of us.
riyadh, saudi arabia — Manar Saud graduated in May from Shenandoah University in Winchester, Va., with a master’s degree in organizational leadership, paid for by a Saudi government scholarship. She came home to Riyadh eager to put her new skills to work, but after six months of looking for a job, she is still unemployed.