Warren Rudman, the U.S. senator from New Hampshire whose dim view of government’s ability to make painful choices was enshrined in the 1985 Gramm-Rudman-Hollings deficit-reduction law, has died. He was 82.
Japanese regulators said they’re looking for loans to gangsters by the nation’s three biggest banks. The 115-year-old Dutch lender Rabobank Groep was fined more than $1 billion for rigging interest rates. Deutsche Bank AG and UBS AG, Germany and Switzerland’s biggest lenders, both said they’re facing investigations into currency manipulation.
Two German plaintiffs trying to stop the euro region’s future permanent bailout fund said they expect the nation’s highest court to set limits on Germany’s liabilities and tie its approval to popular consent.
The conventional wisdom now treats Mitt Romney, the former governor of Massachusetts, as the strong favorite for the Republican nomination. On Intrade.com, he is given a 61 percent chance of winning the nomination -- more than three times his closest rival, Texas Governor Rick Perry.