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Posts Tagged ‘Changes

WASHINGTON – From simple home loans to Wall Street’s most exotic schemes, the government would impose and enforce sweeping new “rules of the road” for the nation’s battered financial system under an overhaul proposed Wednesday by President Barack Obama.

Aimed at preventing a repeat of the worst economic crisis in seven decades, the changes would begin to reverse a determined campaign pressed in the 1980s by President Ronald Reagan to Read the rest of this entry »

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The Obama administration on Monday will propose raising nearly $60 billion over 10 years through changes to the estate tax law and closing certain domestic tax loopholes, an administration official said.

Funds raised will go to beef up a health care reserve fund, a $634 billion pot of money President Barack Obama wants to use to revamp the health care system and expand insurance to tens of millions of Americans who lack it.

The White Read the rest of this entry »

Wake County judge has cleared the way for homeowners insurance rates to drop in nearly three dozen western North Carolina counties and soar along the coast starting Friday.

Superior Court Judge Ronald Stephens on Wednesday signed an order dismissing an effort to stop the deal negotiated between insurance companies and state regulators from taking effect. The judge’s decision on a petition by Dare County and other coastal communities allows Read the rest of this entry »

WASHINGTON (AP) The head of the Federal Deposit Insurance Corporation said Thursday that the government’s strategy in the financial crisis of bailing out huge institutions deemed “too big to fail” must be replaced by a new model.

The official, Sheila C. Bair, told Congress that a new system of supervision was needed to prevent institutions from taking on excessive risk and becoming so large that their failure would threaten the financial Read the rest of this entry »

COLUMBUS, Ohio — Drivers better buckle up or pay the price: More cash-strapped states want to give law enforcement officers the authority to pull over motorists just for not wearing their seat belts.

More than a dozen states that are considering making the switch to primary seat-belt enforcement laws need to do so before July to be eligible for millions in federal money.

One of those states is Ohio, which would get $26.8 million Read the rest of this entry »

COLUMBUS, Ohio — Drivers better buckle up or pay the price: More cash-strapped states want to give law enforcement officers the authority to pull over motorists just for not wearing their seat belts.

More than a dozen states that are considering making the switch to primary seat-belt enforcement laws need to do so before July to be eligible for millions in federal money.

One of those states is Ohio, which would get $26.8 million Read the rest of this entry »

COLUMBUS, Ohio — Drivers better buckle up or pay the price: More cash-strapped states want to give law enforcement officers the authority to pull over motorists just for not wearing their seat belts.

More than a dozen states that are considering making the switch to primary seat-belt enforcement laws need to do so before July to be eligible for millions in federal money.

One of those states is Ohio, which would get $26.8 million Read the rest of this entry »