Federal regulators voted on Tuesday to approve a rule that strikes at the heart of Wall Street risk-taking, a moment that punctuates three years of internal squabbling and bank lobbying over an effort to reshape the financial landscape. The so-called Volcker Rule, a centerpiece of the Dodd-Frank financial overhaul law and a symbol of the Obama administration's efforts to rein in risk-taking after the financial crisis, received approval from three of the five regulatory agencies writing the rule. read more
A collection of cartoons from around the country.
In the 1990s, a professor at a medical university in Stockholm decided to test his students' knowledge about the progress of global development. He was staggered to discover the class, some of the brightest people in Sweden, scored fewer than two out of five on average. Gapminder Foundation has been testing our knowledge of the state of the world through its Ignorance surveys. Today it releases its U.S. results through CNN. Click on the survey to test your knowledge.
HONG KONG -- China is amassing debt at a blistering pace.
Provincial governments have been spending like mad, all on borrowed money. read more
House and Senate negotiators reached final agreement Monday on a Pentagon policy bill that would strengthen protections for military victims of sexual assault and keep the prison at Guantanamo Bay, Cuba, open over President Barack Obama's objections, as Congress rushed to wrap up work for the year. While the proposed legislation includes what many on Capitol Hill see as expansive changes to laws governing sexual assault, it stops well short of the more far-reaching changes advocated by many victims and Senator Kirsten E. Gillibrand, Democrat of New York, who sought to remove military commanders from overseeing the cases and brought considerable attention to the issue this year.