U.S. securities regulators are roughing out ideas that would make Moody’s Corp., Standard & Poor’s and other credit raters more accountable to investors by potentially exposing the firms to greater legal liability. The Securities and Exchange Commission is expected to …
President Barack Obama told Congress Wednesday to end its political bickering and move quickly on a broad healthcare overhaul that would dramatically transform the U.S. health system and insurance market. In a sometimes emotional speech, Obama said lawmakers were closer …
Kentucky residents who suffered from severe flooding in Jefferson County last month may still be eligible for federal or state government disaster aid even if they have insurance. The Federal Emergency Management Agency is urging residents with damage to contact …
President Barack Obama takes on the bitter healthcare reform debate Wednesday with a high-stakes speech to Congress on his top domestic policy priority. Faced with falling public approval ratings, Obama said his televised address at 8 p.m. EDT would provide …
Senate Finance Committee Chairman Max Baucus has circulated a healthcare reform proposal he hopes will win support from both Democrats and Republicans. The proposal is based on weeks of intense negotiations by a bipartisan group of six Finance Committee members …
The House of Representatives passed HR 2571, the Non-Admitted and Reinsurance Reform Act of 2009 on Wednesday. The bill, authored by Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J, will simplify the tax remittance and compliance responsibilities surplus lines brokers …
The Obama administration’s ambitious plan to overhaul U.S. financial regulation was bogged down in Congress as it returned from a long recess Tuesday. With no clear path forward in the Senate, analysts and lobbyists said Democrats would be hard-pressed to …
Federal authorities this week delayed implementation of a new flood plain map for Garden City, Kan., just days before local officials planned to ask a federal judge to block it. A hearing scheduled for Thursday in U.S. District Court in …
U.S. securities regulators missed “numerous” red flags that may have led to Bernard Madoff’s $65 billion Ponzi scheme and never did a “thorough and competent” probe despite complaints dating to 1992, a federal watchdog has concluded. The U.S. Securities and …
The U.S. Army Corps of Engineers has 15 post-Hurricane Katrina coastal recovery projects on the Mississippi Gulf Coast budgeted at $132 million, including projects costing $30.5 million in Jackson County. Susan Rees, program manager for the corps’ Mississippi Coastal Improvements …
