By this point in the economic recovery, the biggest U.S. banks had expected the pressure from regulators to abate. In the aftermath of a major financial crisis, there is usually a turn toward tighter rules, and banks naturally build up their equity buffers after near-death experiences.
President Barack Obama implored Americans to choose compassion over conflict in the aftermath of the mass shooting in Tucson, Arizona, that killed six people, including a 9-year-old girl, and critically wounded a member of Congress.
Whether his recent rise in the polls is lasting or not, Newt Gingrich has already shifted Campaign 2012 for the better. The feisty former speaker of the House has reminded us through his debate performances that knowledge is an important part of a president’s work.
Republican Mitt Romney, who defended the management of his campaign even as he trails President Barack Obama in swing states, spent yesterday raising money in California, which hasn’t supported his party’s nominee in almost a quarter-century.
U.S. lawmakers yesterday questioned the role of the U.S. in Afghanistan, pushing for a significant troop reduction even as the Obama administration emphasizes the need to maintain a strong presence in the country.