The Federal Reserve and the largest U.S. insurers have discussed a plan to establish nationwide minimum capital standards, sources say. The proposal reportedly would give the central bank a single benchmark for measuring risk and would leave the state-based system of insurance regulation largely unchanged. Reuters
Sen. Baucus’ retirement decision could bring action on tax revamp The decision by Sen. Max Baucus, D-Mont., chairman of the Senate Finance Committee, to retire at the end of his term could be key to implementing a comprehensive overhaul of the tax system. He has promised to devote his remaining…
04/8/2013 | Bloomberg The budget plan that President Barack Obama will propose this week calls for limiting IRA assets to $3 million, with an estimate that it would generate $9 billion in revenue over the next 10 years. The White House said in a statement that some wealthy investors are able…
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