WASHINGTON (AP) — When leaders of the nation’s biggest economies gathered at the presidential retreat of Camp David last year, European elections had rattled the continent with a rejection of austerity measures. President Barack Obama was himself seeking re-election. The sense of urgency was palpable as Obama made an emphatic pitch for Europe’s powers to focus more on economic growth.
On Wednesday, by a vote of 301-124, the House of Representatives passed the ” Swaps Jurisdiction Certainty Act,” a bill that would create new requirements for the the Dodd-Frank rule-making process and limit regulation of U.S. banks on derivatives transactions known as swaps.
NEW YORK (AP) — Disappointing reports about the U.S. economy helped push the stock market lower on Friday.
Jun 14
