Financial Regulatory Forum

EU states cool to Obama proprietary trading ban for big banks -document

February 15, 2010

BRUSSELS, Feb 15 (Reuters) – If U.S. President Barack Obama’s plan to ban proprietary trading at some banks was applied in the European Union, it could be problematic for the bloc’s universal banks, an EU document obtained by Reuters said.

Obama bid to rein in banks meets Senate resistance

February 5, 2010

By Kevin Drawbaugh

WASHINGTON, Feb 4 (Reuters) – The U.S. Senate on Thursday looked increasingly likely to adopt, at best, only a watered-down version of the Obama administration’s ambitious proposal to limit risky trading by banks.

FACTBOX-Political roadblocks to Obama’s budget

February 3, 2010

Feb 2 (Reuters) – U.S. President Barack Obama faces major hurdles to get his $3.8 trillion budget plan through Congress. Obstacles include members of his own — at times fractious — Democratic Party.

BREAKINGVIEWS – Obama’s 2011 budget underlines depth of US woes

February 1, 2010

— The author is a Reuters Breakingviews columnist. The opinions expressed are his own —

Obama budget omits cap-and-trade revenues – official

February 1, 2010

By Jeff Mason

WASHINGTON, Feb 1 (Reuters) – The White House has dropped projected revenues from a “cap-and-trade” mechanism to fight climate change from its new budget, an administration official said, bowing to the possibility that the U.S. Congress may not pass it.

Obama tones down international corporate tax aims

February 1, 2010

WASHINGTON, Feb 1 (Reuters) – President Barack Obama appeared to scale back his ambitious plan to close loopholes global companies use when accounting for taxes on profit earned overseas in his 2011 budget blueprint released on Monday.

Obama unveils $33 billion tax credit to boost jobs

January 29, 2010

By Steve Holland

BALTIMORE, Jan 29 (Reuters) – President Barack Obama on Friday proposed $33 billion in tax credits to coax small businesses into hiring workers as he underscored his commitment to pushing job creation to the top of his agenda.

FACTBOX-Obama plans $33 billion job and wage tax credit

January 29, 2010

WASHINGTON, Jan 28 (Reuters) – U.S. President Barack Obama plans a $33 billion tax credit to encourage small businesses to hire workers and boost wages. Details of the plan, which will be laid out on Friday when the president visits a small business in Baltimore en route to speak to Republican lawmakers holding a retreat there, include:

Obama pushes jobs, vows to fight on after tough year

January 28, 2010

By Caren Bohan and Ross Colvin

WASHINGTON, Jan 28 (Reuters) – U.S. President Barack Obama pushed job creation to the top of his agenda and vowed not to abandon his struggling healthcare overhaul after a political setback that raised doubts about his leadership.

Dutch to support U.S. bank plan, seek EU support

January 26, 2010

    AMSTERDAM, Jan 26 (Reuters) – Dutch Finance Minister Wouter Bos has backed the plan from U.S. President Barack Obama to limit the scope and size of banks and reduce their risk taking and will push to win support of the plan among EU leaders. (more…)