John Campbell News
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Treasury Secretary Jacob J. Lew urged Congress to fulfill a U.S. pledge to reinforce the war chest of the International Monetary Fund, saying the lender has helped mitigate financial crises from the Middle East to Europe.
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Treasury Secretary Jacob J. Lew defended the U.S.’s role in the International Monetary Fund after the Obama administration asked Congress to approve a plan to boost the lender’s resources.
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Supreme Court Justice Samuel Alito walked among tables named for Parisian streets at the Library of Congress Friday night.
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The International Monetary Fund’s Christine Lagarde used the word “challenging” to describe the Cyprus rescue to which she pledged $1.3 billion. She might say the same about where the IMF stands with the U.S. Congress.
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U.S. Representative John Campbell said he plans to offer legislation intended to shrink too-big- to-fail banks by requiring them to hold more capital including long-term debt.
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U.S. Representative John Campbell plans to offer legislation aimed at reducing the size of “too- big-to-fail” banks by requiring them to hold more capital including long-term debt.
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A 2010 global agreement that gives emerging markets such as China a bigger say at the International Monetary Fund may be sent to Congress next month for approval needed to take effect, a lawmaker with an oversight role said.
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Federal Reserve Chairman Ben S. Bernanke’s efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank’s books if interest rates rise abruptly from recent levels.
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He calls the law tightening oversight of Wall Street among the most “harmful our capital markets have seen.” She has compared bankers to gangsters.
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Former U.S. Treasury Department officials urged Congress to approve a 2010 global agreement that doubles the International Monetary Fund’s permanent resources and gives more say to emerging markets, saying inaction threatens to hurt U.S. leadership.
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