big-government

Obama takes on election-year fears over big debt (AP)

AP - Sensitive to election-year resentment over big government, President Barack Obama declared Wednesday he intends to get “our debt and our deficits under control.” With fears alive of a double-dip recession, Obama warned that he won’t slash spending at the expense of the economic rebound.

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Obama takes on election-year fears over big debt
(AP)

big-government

Senate chairman starts probe of Transocean’s taxes (AP)

AP - A key member of Congress launched an investigation Wednesday into the tax practices of Transocean Ltd., owner of the Deepwater Horizon rig that exploded in the Gulf of Mexico, leading to the massive oil spill.

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Senate chairman starts probe of Transocean’s taxes
(AP)

big-government

Congress-backed bank reaches deal in Bucyrus sale (AP)

AP - Word of a deal that could save 1,000 jobs across 13 states, including 300 in Wisconsin, broke Wednesday just hours before President Barack Obama was to speak at a town hall meeting on the economy.

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Congress-backed bank reaches deal in Bucyrus sale
(AP)

big-government

SEC pays $755,000 to settle with fired staffer (Reuters)

Reuters - The U.S. Securities and Exchange Commission on Tuesday agreed to pay $755,000 to a former staff attorney who was fired while he was probing possible insider trading at a prominent hedge fund.

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SEC pays $755,000 to settle with fired staffer
(Reuters)