Archive for June, 2010

Homebuyers Tax Credit: Closing Deadline May Live On

Wednesday, June 30th, 2010

Wednesday marked the closing deadline for home buyers to get their tax credit. Previous efforts to extend the deadline failed, but a new move is afoot that may just have the backing it needs.

Originally posted here:
Homebuyers Tax Credit: Closing Deadline May Live On

Wednesday: Rough Quarter on Wall Street Comes to An End

Tuesday, June 29th, 2010

Call it window ‘undressing.’ Stocks took a beating in the second quarter, and the final days are bringing out the worst.

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Wednesday: Rough Quarter on Wall Street Comes to An End

Wall Street Bill Seen as ‘Too Big to Fail,’ Delay Looms

Tuesday, June 29th, 2010

Political momentum is expected to carry a sweeping Wall Street reform bill to approval in the U.S. Congress, but the death of Senator Robert Byrd threatens to delay final action until mid-July.

Continued here:
Wall Street Bill Seen as ‘Too Big to Fail,’ Delay Looms

Income Outpaces Spending as Consumers Stay Cautious

Monday, June 28th, 2010

Consumer spending rose slightly more than expected in May even as savings touched their highest level in eight months.

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Income Outpaces Spending as Consumers Stay Cautious

Financial Reform Lobbying Turns Focus Toward Details

Sunday, June 27th, 2010

Well before Congress reached agreement on its financial overhaul legislation, industry lobbyists and consumer advocates started preparing for the next battle: influencing the creation of new rules and regulations.

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Financial Reform Lobbying Turns Focus Toward Details

Geithner Stresses Need to Balance Austerity With Growth

Saturday, June 26th, 2010

World leaders must focus on bolstering growth in a global economy still scarred by crisis, Treasury Secretary Timothy Geithner said on Saturday as the heads of the Group of 20 nations gathered in Canada.

More here:
Geithner Stresses Need to Balance Austerity With Growth

Week Ahead: Jobs Report Sets Tone for Start of Second Half

Friday, June 25th, 2010

Friday’s jobs data looms as the first major economic report of the year’s second half, which promises to challenge markets with slower economic growth.

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Week Ahead: Jobs Report Sets Tone for Start of Second Half

Lawmakers Reach Agreement on Financial Reform

Friday, June 25th, 2010

A conference panel of the Senate and the House of Representatives approved a landmark bill to overhaul financial regulations, working through the night on the thorniest provisions.

Read the rest here:
Lawmakers Reach Agreement on Financial Reform

High Court Orders New Trials For Jeff Skilling, Conrad Black

Thursday, June 24th, 2010

The Supreme Court ordered new trials for former Enron executive Jeffrey Skilling and former media baron Conrad Black after setting aside rulings in both cases.

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High Court Orders New Trials For Jeff Skilling, Conrad Black

Senators Prepare a Citigroup-Sized Hole In Volcker Rule

Wednesday, June 23rd, 2010

Senate negotiators are expected to offer changes today to the financial reform bill that would soften the Volcker rule.

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Senators Prepare a Citigroup-Sized Hole In Volcker Rule