5 Stories

Obama Signs Finance Reform

Calls it the end of taxpayer-funded bailouts

(Newser) - President Obama today signed into law the most sweeping reform of financial regulations since the Great Depression, a package that aims to protect consumers and ensure economic stability from Main Street to Wall Street. The law, pushed through mainly by Democrats in Washington's deeply partisan environment, gives the government new... More »

House Passes Financial Regulations Overhaul

Bill passes 223-202, with Senate to act next year

(Newser) - The House today passed a sweeping overhaul of financial regulations that would govern Wall Street and reconfigure the power of the agencies overseeing the banking system. The vote was 223-202, with nearly all Republicans in opposition because of fears over too much government intrusion. The bill is designed to address... More »

White House Health Forum Convenes Today

Forum will give the floor to ranging viewpoints

(Newser) - President Barack Obama has invited to the White House more than 120 people with wide-ranging views on how to fix the US health-care system, one that still leaves millions uninsured despite being the world's costliest. The group of doctors, patients, business owners, and insurers is to gather for a forum... More »

Supreme Court Needs Term Limits: Legal Eagles

Urge end to lifelong terms, judges' case selection

(Newser) - The US judicial system is in need of a serious overhaul, law experts write in a letter to congressional leaders. They argue that Supreme Court justices shouldn’t keep their posts for life, instead taking 18-year terms before a shift in status, the Washington Post reports. Further, they say, the... More »

Social Security Fund Faces $13.6 Trillion Shortfall

Only taxes or slashed benefits can save program

(Newser) - Slashing benefits or hiking taxes—or both—is the only way to make the Social Security system solvent, reports a Treasury Department briefing paper. Treasury Secretary Henry Paulson warned that faster economic growth alone won't solve the money problems of  Social Security, which faces a $13.6 trillion shortfall in... More »

5 Stories