While most of Washington is focused on confrontations over gun control and immigration law, the White House is quietly exploring the possibility of striking a deal with lawmakers to rein in the budget deficit.
Britain’s new banking regulator has rattled lenders by holding off disclosing how much capital each firm will have to raise after ordering the industry to plug a 25 billion-pound ($38 billion) shortfall by the end of the year, three people with knowledge of the discussions said.
U.S. Securities and Exchange Commission chairman Mary Jo White is pushing to adopt a rule allowing hedge funds to advertise in a move consumer advocates say could fail to protect unsophisticated investors, according to two people familiar with the matter.
After John Boehner was elected leader of the House Republicans in 2006, Fox News host Chris Wallace asked him what was, at the time, an obvious question: “Medicare prescription drug benefit,” Wallace said. “How do you think it’s working?”
Investors have pushed more than 120 public companies in the U.S. to reveal previously confidential details of their political spending even as regulators remain deadlocked over whether to mandate such disclosures.
Republicans renewed criticism of the Obama administration’s handling of a 2012 terrorist attack on U.S. compounds in Libya, saying officials “willfully perpetuated a deliberately misleading and incomplete narrative.”