3 posts tagged with obama by saulgoodman.
Displaying 1 through 3 of 3.
Obama Breaks with Geithner to support "Volcker Rule" in sweeping new financial sector reform proposal. Following the counsel of highly-respected former Fed Chairman Paul Volcker in a move that would significantly weaken the role of current Treasury Secretary Tim Geithner, Obama's tough new proposals are being received by recent administration critic Robert Reich as a welcome, if overdue, policy correction. Among other things, the new proposals would effectively restore previous restrictions separating deposit and investment banks (as originally imposed by the depression-era Glass-Steagall Act), as well as imposing stiff new capital requirements, and restrictions designed to prevent banks from becoming too big to fail.
Landmark health care reform legislation passes senate on a Christmas-eve party line vote. So after a turbulent and contentious legislative process with many sudden reversals and last minute surprises, what's actually in the bill? NPR offers a "Consumer's Guide" to the form the final, reconciled legislation now seems likeliest to take. [more inside]
Eric Holder releases newly revamped state secrets policy. In the face of a storm of recent criticisms from political commentators that President Obama's policies on state secrets privileges represent a continuation of the Bush administration's policies, the Obama administration has maintained all along that these policies were undergoing comprehensive Justice Department review, with the intent of releasing a new set of comprehensive rules governing the invocation and abuse of state secrets. Today, the Obama administration spelled out its new state secrets policy. [more inside]