WASHINGTON (Reuters) – A global crackdown on bank oversight could undermine a fragile economic recovery if governments move too fast and fail to cooperate, international bankers warned at a conference on Sunday.

Amid mounting currency tensions and talk of new surcharges on the industry, some of the world’s top bankers appealed for a gradual approach to implementing the Basel III accord on capital and other banking reforms.

WASHINGTON (Reuters) – Republicans want to roll back the landmark Wall Street reforms enacted in July but tinkering around the edges may be all they can manage, even if they do make gains in the U.S. congressional election in November.

Analysts see little to no chance of a full dismantling of the law meant to prevent a repeat of the 2007-2008 financial crisis that set off the worst U.S. recession in generations.

WASHINGTON, Oct 3 (Reuters) – The International Monetary
Fund has called for a new world system to dismantle troubled
financial institutions and a levy on banks to pay for it.

The IMF’s statement, released on Sunday, comes ahead of
meetings here this week among fund officials, the World Bank
and leading nations’ finance officials. It urges better
international regulatory cooperation and stronger supervision.

WASHINGTON (Reuters) – With just two months left before it has to issue a final report, a U.S. commission looking at ways to cut the federal deficit was to meet again on Wednesday amid questions about its hard-headedness.

Getting the government’s budget out of the red and back into the black — after years of costly wars, tax cuts and recession — will require spending reductions and tax increases, according to most analysts looking at the issue.

WASHINGTON, Sept 29 (Reuters) – With just two months left
before it has to issue a final report, a U.S. commission
looking at ways to cut the federal deficit was to meet again on
Wednesday amid questions about its hard-headedness.

Getting the government’s budget out of the red and back
into the black — after years of costly wars, tax cuts and
recession — will require spending reductions and tax
increases, according to most analysts looking at the issue.

WASHINGTON, Sept 28 (Reuters) – A U.S. commission looking
at ways to cut the federal deficit is considering changes to
the Social Security retirement program and a variety of tax
increases, but doubts about its potential to come up with a
solid deficit-cutting plan are widespread.

Amid rising pre-election rhetoric over government red ink,
the commission set up in February by President Barack Obama
will hold another meeting on Wednesday. Its much-anticipated
final report is due to come out on Dec. 1.

WASHINGTON, Sept 26 (Reuters) – Top U.S. Republican and
Democratic officials skirmished on Sunday over the timing of a
vote on extending tax cuts, seeking an edge ahead November
congressional elections likely to be dominated by job anxiety.

After Democratic leaders in the U.S. House of
Representatives left open the possibility a vote will be
delayed past Nov. 2 midterm elections, Republicans shot back
that doing so would only add to voters’ economic uncertainty.

WASHINGTON (Reuters) – Top Republican and Democratic officials skirmished on Sunday over the timing of a vote on extending tax cuts, seeking an edge ahead November congressional elections likely to be dominated by job anxiety.

After Democratic leaders in the House of Representatives left open the possibility a vote will be delayed past November 2 midterm elections, Republicans shot back that doing so would only add to voters’ economic uncertainty.

WASHINGTON, Sept 26 (Reuters) – Top U.S. Republican and
Democratic officials skirmished on Sunday over the timing of a
vote on extending tax cuts, seeking an edge ahead November
congressional elections likely to be dominated by job anxiety.

After Democratic leaders in the U.S. House of
Representatives left open the possibility a vote will be
delayed past Nov. 2 midterm elections, Republicans shot back
that doing so would only add to voters’ economic uncertainty.

WASHINGTON, Sept 23 (Reuters) – The U.S. House of
Representatives voted on Thursday to extend for a year a
troubled program that insures more than 5.5 million homes and
businesses against floods, sending the measure to President
Barack Obama, who is expected to sign it into law.

The National Flood Insurance Program has been deeply in
debt since the costly hurricanes of 2004 and 2005. Repeated
efforts in Congress to overhaul it have failed.