The botched trade at JPMorgan Chase has revived debate on Capitol Hill over whether the recent Dodd Frank financial regulation law gets tough enough on Wall Street. Federal regulators have taken months, and may take several more, to come up with guidelines to implement the Volcker rule.
The Obama re-election committee on Monday released a two-minute ad taking aim at Republican rival Mitt Romney's record at the private equity firm Bain Capital. The ad challenges Romney's claim that his business experience qualifies him to turn the economy around.
JP Morgan Chase has long had the reputation of being one of the better managed big banks in the country. So how did it make a $2 billion blunder? To find out, David Greene talks to David Wessel, economics editor of The Wall Street Journal.
Calif. Gov. Jerry Brown says the state's budget deficit is now $16 billion. That's almost double the figure he gave in January. Brown is attempting to force voters to choose between higher taxes and deeper spending cuts.
Virgin Atlantic says passengers on its new Airbus will soon be able to chat on their cell phones. They'll be able to text as well. Each plane will have its own cellular network that bounces signals to satellites. That in-house network will prevent signals from interfering with air traffic control.
Investor excitement over Facebook's upcoming initial public offering has prompted the company to raise the price range for its shares. The social networking company says in a regulatory filing that it expects to sell its stock for between $34 and $38 per share. That's higher than a previous range of $28 to $35.
LightSquared, which had been trying for years to build a high-speed wireless broadband network, has filed for Chapter 11 bankruptcy. The company's plans ran afoul of government regulators who said the new network would interfere with GPS signals.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.