Financial Overhaul, Financial Overhaul Bill | featured news

President Obama will sign into law Wednesday the Wall Street reform bill -- the most-sweeping set of changes to America's financial regulatory system since the 1930s.

The Congress on Thursday approved the broadest overhaul of financial rules since the Great Depression and sent it to President Barack Obama to sign into law.

A broad overhaul of the nation’s financial regulatory system cleared one last procedural hurdle in the Senate on Thursday as it headed for final Congressional approval later in the day.

Some business groups, upset about budget and regulatory policies they say are costing jobs, are accusing President Barack Obama of pursuing an agenda that is hurting the U.S. economic recovery.

As vote nears, Senate Democrats don't yet have votes to overcome a threatened GOP filibuster.

West Virginia Governor Joe Manchin on Wednesday put off naming a successor to the late Senator Robert Byrd, which could further complicate passage of financial reform legislation in the U.S. Senate .

Top Democratic House and Senate negotiators who worked out a deal on a sweeping overhaul of financial regulations regrouped Tuesday to eliminate a $19 billion fee on banks that had threatened to derail the legislation.

The sweeping overhaul of the nation's financial industry is President Barack Obama's answer to the nation's outrage over Wall Street bailouts. But come November if more Americans don't have jobs, Democrats in Congress could very well lose theirs, too.

Lawmakers were locked in an impasse over derivatives on Thursday as they struggled to finish their historic rewrite of U.S. financial regulations.

The chairman of the Business Roundtable sharply criticized the Obama administration's economic policies as impediments to U.S. growth.