The financial reform bill under debate in the U.S. Senate is beginning to resemble a foster child: At first unwanted, now senators are reluctant to let it go.
Bipartisan flare ups providing tangy sound bites have increased tension over the financial reform bill, which is nearing a vote in the U.S. Senate.
Senate Majority Leader Harry Reid, D-Nev., has called on his colleagues on Capitol Hill to wind down the debate on the financial reform bill.
Investors, generally, don't like slow, but that's where economies in Europe are headed, anyway.
The U.S. Senate passed serious tweaks to the 1,400-page financial reform bill, amending credit card fee and credit-rating rules.
The Federal Reserve dodged a bullet in U.S. Senate Wednesday, as lawmakers voted 91-8 to allow the central bank to continue supervising small banks.
U.S. markets returned to their normal volatile behavior this week, as opposed to the radical tailspin on Thursday that lasted all of 15 minutes.
The Federal National Mortgage Association has requested $8.4 billion in additional federal aid, as housing market losses continue to rattle the economy.
International efforts to shore up the euro turned decisive over the weekend with Europe announcing nearly $1 trillion in loans for debt-burdened nations.
A trading glitch, perhaps computer-oriented, hit U.S. markets like a stun gun Thursday, shearing nearly 500 points off the Dow index in minutes.
In Washington, the horse trading over the massive finance reform bill has begun in earnest with 100 amendments on the table, a smorgasbord of tinkering.
Analysts pointed across the Atlantic to explain the sharp downturn in U.S. markets, that saw the Dow Jones industrial average shed more than 2 percent Tuesday.
Markets in Asia and Europe turned lower Tuesday, unable to catch a thermal updraft from a big day on Wall Street.
There was a more optimistic tone coming from Brussels Sunday with an announcement that Greece had a $147 billion rescue package in hand.
Debate on the 1,400-page financial reform bill in the U.S. Senate began with a quick sword-swipe concerning bank bailouts.
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