Former President Bill Clinton and Microsoft’s Bill Gates discuss America’s future at the annual Peterson Foundation Fiscal Summit. They’ll be followed by speakers including Senate Budget Chairwoman Patty Murray, House Budget Chairman Paul Ryan and Assistant to the President for...
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Bill Gates, co-chair and trustee of the Bill and Melinda Gates Foundation, talks with former President Bill Clinton, right, during the closing plenary session of the annual Clinton Global Initiative (CGI) on September 23, 2010 in New York City.
Washington Daybook: Bill and Bill’s American Adventure
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This September 15, 2008 file photo shows the sign for Lehman Brothers headquarters in New York.
Dodd-Frank’s Missing Link
Many critics of the Dodd-Frank financial regulatory overhaul will say that the bill’s biggest shortcoming is its failure to reduce the size of the largest banks — the ones that are “Too Big To Fail.” Federal Reserve Governor Daniel Tarullo,...
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Ron Johnson, chief executive officer of J.C. Penney Co., arrives at State Supreme court in New York, on March 1, 2013.
Bloomberg By the Numbers: 1,795
Ron Johnson, the former chief executive officer of J.C. Penney Co., received a compensation package 1,795 times higher than the average wage and benefits of a U.S. department store worker, according to data compiled by Bloomberg. Such disparities are why...
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Stephen Strasburg #37 of the Washington Nationals pitches against the Miami Marlins at Nationals Park on September 7, 2012 in Washington, DC.
Washington Daybook: Play Ball
Congress is out on its second week of spring recess. President Barack Obama and first Lady Michelle Obama host the White House’s 135th annual Easter Egg Roll, with celebrity story-tellers, chefs and athletes. The Washington Nationals will put star pitcher Stephen...
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Actor Daniel Day-Lewis and wife Rebecca Miller arrive at Hollywood & Highland Center on Feb. 24, 2013 in Hollywood.
No Best Picture, but Another Washington Party for Lincoln
Fresh from a mixed Oscars performance, the reanimated spirit of Abraham Lincoln can seek solace today in the 150th birthday celebration kicked off by one of his lesser-known legacies. While fighting the Civil War and emancipating slaves, the 16th president...
Read more »Bill to Limit Too-Big-to-Fail Bank Risk Prepared in House
Rep. John Campbell plans to offer legislation aimed at reducing the size of “too-big-to-fail” banks by requiring them to hold more capital including long-term debt. Campbell’s bill comes as a number of lawmakers and regulators from both parties — including Federal Reserve Governor Daniel...
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Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), testifies during a Senate Banking Committee hearing in Washington.
Single Consumer Director? Depends on Which Agency You Mean
Almost from the moment that the Consumer Financial Protection Bureau was created in 2010, Republican and Democratic lawmakers began fighting over whether the agency should be run by a commission or a director. Democrats are content with the single-director structure...
Read more »Washington Daybook: Stressed Out
Even with Congress out, Washington can be a stressful place. Regulators are hoping they can figure out just how much stress banks can take before they break. The Federal Deposit Insurance Corporation’s board votes today on final Dodd-Frank rules governing...
Read more »Wall Street as Campaign Demon: One in 10 TV Ads Aired: $91 Mln
Every campaign season has its corporate demon. In 2002 it was Enron, in 2010 it was Lehman Brothers and BP. There’s a new scapegoat this year, with spending higher than ever. As we report on Bloomberg Television today, one of every 10...
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Mitt Romney and President Barack Obama during the Presidential Debate at the University of Denver on October 3, 2012 in Colorado.
Obama-Romney: Lasting Impressions
Updated at midnight EDT For all the anticipation of the first presidential debate, the lasting impressions may be few. Republican Mitt Romney scored with a forceful debating stance, but left the stage without a memorable line. President Barack Obama reeled...
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