Posted In: Banks
The Senate panel investigating the cause of the financial crisis has released a report today containing new information on what lead up to the banking collapse. Senator Carl Levin is now calling for an investigation into Goldman Sachs for misleading Congressional investigators.
Later this morning, President Obama will outline his plans for reducing the long-term deficit. The proposal is expected to focus on cuts to entitlement programs and tax increases.
Details of last week's budget battle are trickling out this morning. The budget agreement, reached on Friday, cut federal spending by $38 billion and avoided a government shutdown.
In a report, the International Monetary Fund says the Palestinian Authority has put into place the economic reforms needed for statehood.