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Sen. Christopher J. Dodd indicated that Democrats would forge ahead with their own bill, following months of talks that had been aimed at reaching a bipartisan consensus.
The world's top bankers are at odds about how to fight back against a global push for tougher financial regulation, with commercial and investment banks struggling to reach agreement.
Stronger regulation should be the first line of defense against speculative bubbles that could send the economy into a new crisis, Federal Reserve Chairman Ben Bernanke said Sunday.
The expanded recall of TYLENOL Arthritis pain reliever is fresh evidence of the need for Congress and the FDA to regulate wood pallets used to transport food and pharmaceuticals in the United States because of the dangers they pose to human health.
President Barack Obama chastised Wall Street firms on Tuesday for resisting tighter regulations of their industry and said they had not done enough to boost lending to small businesses.
A House panel voted Thursday to regulate for the first time privately traded derivatives, the kind of exotic financial instruments that helped bring down Lehman Brothers and nearly toppled American International Group....