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Dimon Doubts Effectiveness Of Volcker Rule

JP Morgan Chase President and CEO Jamie Dimon doubts that an appropriate definition can be made between proprietary trading and hedging despite also mentioning that the Volcker Rule may have helped prevent larger losses for JP Morgan. “I think the devil is going to be in the detail in how these rules are written to […]

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JPMorgan Chase’s Dimon Divulges Lesson Learned

During questioning by the US Senate Committee on Banking, Housing, and Urban Affairs, Chairman and CEO of JP Morgan, Jamie Dimon divulged the lessons he learned from JP Morgan’s 2 billion dollar loss. “No matter how good you are, how competent you are, never ever get complacent in risk.”

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Graham Describes Sequestration As A Dubious, Bipartisan “Accomplishment”

During a hearing with a Senate Appropriations Subcommittee, Sen. Lindsey Graham (R-S.C.) said that sequestration amounted to a dubious, bipartisan “accomplishment.” Graham added that it was going to take a similar level of bipartisanship to take the country out of the looming crisis.

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Sequestration Will Have Far Reaching Consequences, Warns Panetta


With the threat of sequestration looming, Defense Secretary Leon Panetta warned a Senate Appropriations subcommittee Wednesday that allowing the automatic defense cuts to take place will have consequences beyond a constrained military. Although noting that “the Defense Department is not a jobs program,” Panetta acknowledged that the cuts could result in a one percent increase […]

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Interest Rate Hike Would Hurt Lower Income Students

Congress now has slightly more than two weeks to make a deal on maintaining the 3.4 percent interest rate on Stafford student loans.

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JPMorgan Chase CEO Apologizes To Banking Committee

JPMorgan Chase CEO Jamie Dimon apologized to the Senate Banking Committee Wednesday for the financial losses his company suffered as a result of mismanaged risks.

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Farm Bill Rare Opportunity For Deficit Reduction, Says Stabenow

Speaking to reporters on a conference call Wednesday, Senate Agricultural Committee Chairwoman Debbie Stabenow (D-MI) highlighted the unique chance for bipartisan agreement on the deficit reduction measures included in the 2012 Farm Bill.

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Stabenow: Obstructionist Efforts Won’t Stall Farm Bill

In the wake of Sen. Rand Paul’s (R-KY) move to introduce a non-germane amendment to the 2012 Farm Bill that resulted in Majority Leader Harry Reid (D-NV) restricting the number of amendments eligible for debate, Sen. Debbie Stabenow remained confident that lawmakers can move beyond obstructionist efforts and work towards passage of the major legislation.

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Stabenow Confident Farm Bill Can Continue Clearing Hurdles

By Luke Vargas Senate Agricultural Chair Debbie Stabenow (D-MI) announced Tuesday that this year’s major Farm Bill legislation is proceeding smoothly through the Senate thanks to the help of Majority Leader Harry Reid (D-NV) and rare bipartisan consensus. Stabenow applauded the ability of a Senators from both parties to move the legislation through the committee […]

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Dems Hold Giffords’ Seat

Former U.S. Rep. Gabrielle Giffords (D-AZ)

Democrat Ron Barber, a former Giffords aide, came in approximately seven points ahead of Republican Jesse Kelly.

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Tuesday, December 1

● How government wastes taxpayer funds

● Lawsuit claims Nestlé water permit expired

● Scientists’ group derides restaurateurs

● Salad mix: carrots, cucumbers, weed and coke

● Soda drink taken off kids’ menu

● Air pollution poses risk to diabetic women

Ryan Invites Obama To Deliver Final State Of The Union On Jan. 12

Photo/The White House

“As we look ahead to the new year, we have both an opportunity and an obligation to find common ground to advance the nation’s interests at home and abroad,” Ryan wrote in a letter to Obama Monday.

Fewer Americans Say Gov Should Do More On Climate Change

While 63% view climate change as a serious threat, only 47 percent believe the government should be more active in combating the phenomenon.

Sanders To Receive Surgery For Hernia

Sanders is expected to resume his Senate duties on Tuesday.

Obama at Climate Talks: ‘Let’s Get to Work!’

President Obama addresses the COP21 Paris Climate Summit. November 30, 2015.

Negotiators in Paris are expected to sign a comprehensive climate change treaty by December 11th.

The World in 2:00 – November 30, 2015

The World in 2:00

President Obama attends pivotal U.N. climate talks in Paris and the E.U. will pay Turkey to tighten its borders in the hope of reducing refugee flows.