Phil Gramm News
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Citigroup Inc., Goldman Sachs Group Inc. and JPMorgan Chase & Co. were among at least 15 financial companies that received potentially market-moving Federal Reserve information 19 hours before the public in a release the central bank called a mistake.
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Banks including Citigroup Inc. and Goldman Sachs Group Inc., along with congressional staff members and trade groups, received potentially market-moving Federal Reserve information 19 hours before the public in a release the central bank called accidental.
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In 1979, with a bill to lift the debt ceiling moving through Congress, Phil Gramm, a first-term House Democrat from Texas, proposed an amendment that would require a balanced budget.
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The same cast of political leaders who agreed to a package of spending cuts designed to be intolerable to either political party gathers again this morning at the White House ready to let them begin.
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Phil Gramm, the former U.S. senator who helped write the 1999 law that enabled the creation of financial giants such as Citigroup Inc. and Bank of America Corp., said his legislation didn’t make the system any riskier.
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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.
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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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Gary Gensler, chairman of the Commodity Futures Trading Commission, took his seat before a Senate appropriations subcommittee on May 4 to make his case for a $106 million budget increase.
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Mitt Romney is campaigning across the country as a business-turnaround specialist, casting himself as a political outsider who understands “the real economy.”
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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.
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