Banks, Financial Overhaul Bill | featured news

Lawmakers on Tuesday spared auto dealers from new scrutiny and neared agreement on trading limits for banks as they raced to complete the biggest overhaul of the financial rule book since the 1930s.

The Senate's top Republican signaled Wednesday that a GOP filibuster of Wall Street reform legislation will end.

Senate leaders on Tuesday began their sparring over the financial reform bill, setting the tone for what is expected to weeks of debate on lawmakers' next pitched battle.

Senator Mitch McConnell said that the proposal would continue government bailouts of big banks.

President Barack Obama on Tuesday embraced a House bill that would give the government unprecedented power to seize bank holding companies and other large financial firms teetering on the brink of collapse and stick their competitors with the cost....