Tuesday, June 16, 2009

Wal-Mart, the Democrats' New Friend
Wal-Mart has taken its lumps lately, especially from the Democratic Party over its treatment of employees. So the company has been courting the new majority on Capitol Hill by doing a lot of the standard stuff: hiring Democratic executives and donating more to the campaigns of Democratic candidates. Its political action committee has given 49 percent of its funds to Democrats this year, up from 32 percent in last year's election.


Calls Resume for Single Banking Regulator
The Obama administration is facing new pressure from key Democratic and Republican lawmakers to centralize banking oversight in a single regulator, a proposal the White House had seriously considered before shelving it as widespread opposition grew.




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