Topic: Carl Levin

JP Morgan losses send Wall Street back to Capitol Hill (+video)

Congressional critics plan hearings to probe how America's largest bank posted $2 billion in trading losses – and whether new financial regulations, still being implemented, go far enough to rein in Wall Street abuses

JPMorgan CEO Jamie Dimon: I was 'dead wrong' about trading concerns

JPMorgan Chase CEO Jamie Dimon said he was 'dead wrong' when he dismissed concerns about the bank's trading last month. The bank disclosed a $2 billion loss last week.

JPMorgan CEO 'dead wrong' about $2 billion loss

JPMorgan's Dimon says he didn't know the extent of the trading losses when he called them a 'tempest in a teapot' in April. The loss came from trading to limit JPMorgan's risk, he says, not make a profit. 

JPMorgan reveals huge $2 billion trading loss

JPMorgan stock drops nearly 7 percent in after-hours trading. JPMorgan CEO Dimon blames 'errors, sloppiness, and bad judgment.'

Exclusive: Cyberattacks on US natural-gas pipeline companies, evidence points to China

Those analyzing the cyberspies who are trying to infiltrate natural-gas pipeline companies have found similarities with an attack on a cybersecurity firm a year ago. At least one US government official has blamed China for that earlier attack.

Insider trading bill: A model to end gridlock on Congress?

The Senate passed jobs and insider-trading bills Thursday, hailing a moment of bipartisanship. But times when members of Congress get along are rare – and that isn't expected to change. 

JOBS Act: Why are Democrats suddenly raising red flags?

No one wants to vote against jobs, but a wide swath of critics – ranging from the SEC, the AFL-CIO, and pension funds – worry that features in the proposed JOBS Act could hurt investors.

Goldman resignation tip of iceberg

While Greg Smith's public resignation has attracted media attention, regulators and Wall Street insiders say Goldman Sachs' problems come as no surprise.

Does Limbaugh belong on armed forces radio? Criticism mounts.

The Armed Forces Network broadcasts the 'Rush Limbaugh Show.' But Limbaugh's 'slut' comment only reinforces negative military stereotypes about women, leading some veterans to start a petition against the show. 

Why Pentagon, facing 'doomsday' spending cuts, refuses to plan for them

Pentagon brass say they won't even brook the possibility that $487 billion in mandated spending cuts – their 'doomsday' scenario – will actually come to pass. But if Congress doesn't blink, say analysts, the Pentagon will be in dire straits.

Does defense bill's anti-terror provision deprive Americans of key rights?

The defense bill has cleared the Senate, and President Obama has withdrawn his veto threat, but concerns linger for some over whether a counterterrorism rider to the bill could deprive Americans of due process rights.

Guantánamo for US citizens? Senate bill raises questions

The National Defense Authorization Act passed by the Senate this week could allow the US military to detain American citizens indefinitely. Civil libertarians are alarmed, and President Obama says he might veto it.

Fed prints more money, but consumers won't see it

The central banks are bailing out speculators, bankers, and the feds, not households. The money only reluctantly gets to the consumer level…or not at all.

When is a terrorist not a terrorist? America's Haqqani conundrum.

Congress is pushing the State Department to list the Haqqani network in Pakistan as a terrorist organization. Military officials have said Haqqani fighters are America's most formidable foe in Afghanistan, but the Haqqanis could also be key to any reconciliation efforts.

How Capitol Hill sniping could set off a national debt ceiling bomb

Even as both parties cite the need for progress on the budget, the partisan sniping is becoming unusually personal. Could markets get the jitters if the rancor lasts up to the debt ceiling deadline?

Osama bin Laden raid: Four fresh twists in the story

Figuring out precisely what took place at the Osama bin Laden compound in the early hours of the US commando team strike has led to some bracing twists and turns in the narrative. At a Pentagon briefing Friday, reporters ribbed military officials, saying they were looking forward to hearing the fifth and newest version of how the operation to strike the terrorist mastermind unfolded.

Here are the four latest plot turns in the bin Laden story:

US won't release bin Laden photo: 'We're not interested in ... trophies.'

Concerns that release of a 'gruesome' bin Laden photo could spark a backlash in the Muslim world won out over a desire to defuse conspiracy theories that Al Qaeda's leader was still alive.

Obama doubles down on refusal to release bin Laden photos

The White House seems to have decided that satisfying skeptics is not worth the risk of releasing 'gruesome' photos of Osama bin Laden, which could enrage radicals.

After Osama bin Laden's death, Congress rethinks aid to Pakistan

The killing of Osama bin Laden could have a profound effect on three big issues in American policy: aid to Pakistan, the usefulness of harsh interrogation techniques, and the Afghanistan war.

Bin Laden wives found in compound, one used as human shield

Bin Laden wives: During the night attack on Osama bin Laden, one of his wives was reportedly used as a human shield to protect bin Laden from US commandos' fire.

US role in Libya mission: Top Democrats say Obama got it right

Top Democrats in the Senate and House back Obama's commitment to help enforce the no-fly zone over Libya, and accept his assurances the US role as mission leader would be brief.

UN Security Council allows 'all necessary measures' to protect Libyan civilians

With pro-Qaddafi forces advancing on the Libyan opposition capital, Benghazi, the UN Security Council approved a no-fly zone and other measures to protect civilians with 10-to-0 vote.

All eyes on GOP House freshmen in budget impasse. Will they budge?

The Senate on Wednesday rejected both the big budget cuts of the House bill and the much smaller cuts of a Senate alternative. The ball is once again in the court of the 87 GOP House freshmen elected on last year's tea party wave.