Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
A Federal Reserve official went out of his way Wednesday to rebut Republican criticisms of the new financial regulations, by saying the central bank has made progress toward ending the problem of "too big to fail" banks. Republicans have argued that bankruptcy is the best option for banks, instead of having the government wind them down, and have also said the Dodd-Frank financial reform law enshrines the problem of too-big-to-fail banks because they can be saved by the government if they fail.
Democratic presidential candidate Hillary Clinton speaks about the economy, Tuesday, June 21, 2016, at Fort Hayes Vocational School in Columbus, Ohio. Democratic presidential candidate Hillary Clinton speaks about the economy, Tuesday, June 21, 2016, at Fort Hayes Vocational School in Columbus, Ohio.
After a report emerged last week that the Democratic National Committee's security had been breached by Russian government hackers, a document surfaced yesterday that many are saying is the Democratic Party's official opposition research on presidential candidate Donald Trump. Through more than 200 pages, the oppo book mostly consists of news clips and interviews with Trump over the last three decades.
Thousands of retired coal miners rallied Tuesday in Kentucky to call on Congress to protect their benefits as the industry struggles and operators seek bankruptcy protection from debts. United Mine Workers president Cecil Roberts told the gathering in Lexington of about 4,000 members from seven states that miners spent their lives working in dangerous places to provide the nation's electricity and steel.
Thousands of retired coal miners rallied Tuesday in Kentucky to call on Congress to protect their benefits as the industry struggles and operators seek bankruptcy protection from debts.
Sen. Mitch McConnell speaks on Capitol Hill in Washington. An election-year bill that would protect health-care and pension benefits for more than 100,000 retired coal miners is dividing coal-state Republicans.
Etherised - Bitcoin's resurgence may be short-lived - BITCOIN is back. Fans (and holders) of the crypto-currency were celebrating after its price jumped more than 20% in the five days to May 31st, to nearly $550 - a level it last reached in August 2014.
Hillary Clinton says Donald Trump's economic policies are a "recipe" for lower wages, fewer jobs and more debt - warning union members that he could "bankrupt America like he's bankrupted his companies". The Democratic presidential candidate urged thousands of union workers gathered in Detroit to ask: "How can anybody lose money running a casino, really?" The presumptive Republican nominee's plan to deport millions of people living in the US illegally also drew Ms Clinton's ire.
Hillary Clinton raised Donald Trump's record with bankruptcy as a warning about how he would handle the economy, in an appearance Monday before union members in Detroit. Trump has filed four business bankruptcies in the last 30 years, all of which surrounded his casino holdings in Atlantic City.
If Donald Trump's career as a failed casino mogul in 1980's Atlantic City doesn't indicate sub-par business acumen, nothing does. His bankruptcies, a matter of public record, are brushed off as an aside that are inconsequential to his candidacy.
Debt-hobbled Puerto Rico will be able to restructure its debt in a bankruptcy-style arrangement under new legislation agreed by the US Congress and the White House Thursday. The "Promesa" legislation will place the US territory under a powerful oversight board that will be charged with overseeing fiscal and structural reforms aimed at stabilizing its finances.
That's according to a revised bill introduced by Congress shortly before midnight on Wednesday. The Obama Administration called this latest plan to solve the island's crisis "a fair, but tough bipartisan compromise."