United States federal banking legislation
The Shadowy, Byzantine Process of Political Rule-Making
Between the fiscal cliff and sequestration, bemoaning Washington bureaucracy is almost a cliché these days. Getting a bill signed into law seems like quite a victory, but for major legislation, like the Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Affordable Care Act, getting the president’s signature doesn’t automatically set the entire law […]
Details on the Greek Bailout
How much will it cost Europe to keep Greece out of bankruptcy? $172 billion, that’s how much. EU finance members gave approval to a second bailout package in Brussels overnight but Athens has to accept deep spending cuts and permanent monitoring. The chairman of the Euro group says the deal would secure Greece’s future in the […]
Top of the Hour: Greek Bailout, Morning Headlines
Euro zone finance ministers meeting in Brussels appear ready to approve a second bailout package for Greece. Nearly $172 billion will be funneled to the country in exchange for more austerity measures, like a 22 percent cut in the minimum wage. Greek leaders approved the deal last week in a last-ditch effort to avoid bankruptcy.