Marketplace PM for April 7, 2006
The Senate has sidetracked immigration legislation that could offer the possibility of citizenship to more than 11 million illegal immigrants living in the United States. The bill had 38 votes, far short of the 60 needed to push it forward. But that doesn't mean it's dead. John Dimsdale reports.
Posted In: Wall Street
The Securities and Exchange Commission has one more chance to make its case on rules governing the mutual fund industry that were designed to protect investors from abuses. A federal appeals court today sent the rules back to the SEC for the second time in less than a year. The SEC ruled in 2004 that at least 75% of directors on mutual fund boards must be independent; currently the mandatory minimum is 50%. Alisa Roth reports.
There's plenty of talk in Washington about whether Treasury Secretary John Snow will be part of a White House administration shakeup. Snow will only say publicly that how the length of his tenure is an issue between him and President Bush. Scott Tong reports.
Posted In: Economy
Europe and the US are holding the Hamas-dominated Palestinian Authority's feet to the fire. They want the Palestinian Authority to renounce terrorism and recognize Israel, and they're threatening to cut off foreign aid. If that happens, commentator Reza Aslan says, Iran may jump into the void.
Most bars in New York City don't want underage drinkers. But some bars are allowing parents to bring their babies inside. Ashley Milne-Tyte reports on whether this segment of the population is helping or hurting bar business in the Big Apple.