The possibility of setting up a new financial consumer watchdog within the Federal Reserve was one of a range of options being discussed by members of the U.S. Senate Banking Committee, sources said on Monday.
U.S. regulators are closely monitoring banks' exposures to sovereign debt risk, Comptroller of the Currency John Dugan said on Monday.
Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama more scope to reshape the institution.
U.S. manufacturing grew in February, though more slowly than expected, while consumer spending rose for a fourth straight month, showing the economy continued a modest recovery.
Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the central bank, will step down in late June, giving President Barack Obama the opportunity to name a top policy maker.
A senior Republican U.S. senator has made at least two counter-offers to Democrats on creating a new government watchdog for financial consumers, Reuters learned on Monday from aides and documents.
Warren Buffett said out of control health care costs are a tapeworm limiting growth in an economy recovering only fitfully from the financial crisis.
Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama a freer hand to reshape the institution.
NEW YORK, March 1 Reuters) - Warren Buffett said the U.S. economy has passed the worst of its troubles but faces an uneven recovery as consumers keep a tight rein on spending.
The Vancouver Winter Olympics ended in spectacular triumph on Sunday with a dazzling closing ceremony that mixed traditional pomp with self-deprecating humor to put the icing on 17 days of unrelenting drama and action.
WASHINGTON (Reuters) - Democratic leaders in the Congress voiced confidence on Sunday they will have the votes, possibly within a couple of months or so, to pass landmark legislation to overhaul the healthcare system.
China should build the world's strongest military and move swiftly to topple the United States as the global champion, a senior Chinese PLA officer says in a new book reflecting swelling nationalist ambitions.
Bipartisan agreement in the Senate on financial reform hit a snag on how much power to give a consumer watchdog office being proposed by Democrats, with marathon talks resuming on Sunday.
President Barack Obama said Saturday he is willing to enact health care industry reforms without the support of Republican lawmakers, two days after a televised summit in Washington brought together top politicians to discuss the issue.
Hawaiian authorities sounded alarms across the island on early Saturday morning, and are evacuating 100,000 residents and tourists.
President Barack Obama warned U.S. citizens in the West Coast to prepare for the possible tsunami that is forecasted to hit Hawaii at 1.19 pm PST.
President Barack Obama sought on Saturday to spark momentum for a final push to revive his stalled healthcare overhaul, insisting that Americans cannot wait another generation for us to act.
A bold proposal by Senate Banking Committee Chairman Christopher Dodd to set up a single supervisor for U.S. banks looks doomed, said a source familiar with Senate committee discussions on Friday.
Greece's prime minister announced plans on Friday to meet German Chancellor Angela Merkel next week as signs grow that diplomatic efforts are under way to resolve his country's debt crisis.
When Barack Obama merely mentioned how much he liked his BlackBerry, the unofficial endorsement was said to be worth as much as $50 million. While not in the same stratosphere, a small comic book startup is using caricatures of the president, First Lady Michelle Obama and other big names to drive up sales.
President Barack Obama and First Lady Michelle Obama on Friday commended resigning White House social secretary Desiree Rogers for working to make sure the White House was the People's House.
White House social secretary Desiree Rogers, who faced criticism after a two uninvited guests attended a state dinner in November, will be resigning next month, she told Chicago Sun-Times columnist Lynn Sweet on Friday.
