The plan seeks to contain the risk of large-firm failure. It would also give regulators alternatives to costly AIG-style bailouts.
The Federal Reserve would take on new responsibilities for monitoring risks, and a new agency would be created to enforce consumer safety in financial products.
Is the automaker, an icon of brawny American capitalism, among the first to confront an 'era of diminishing expectations'?
Prospective buyers hunt for the good stuff amid all the bad debt, anticipating a supersale.
Some leading economists say bank rescues should come with tougher conditions, and that the industry is short on capital to cover losses.
Shoppers' confidence is higher so far this month. Other data deliver a mixed message as to whether the economy has hit bottom yet.
From the rise of the tightwad to the decline of the Sun Belt, American values and industries will be reinvented as the nation comes out of the worst recession since the 1930s.