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LAX neighbors question north runway separation plan

Neighbors of Los Angeles International Airport turned out in force at a public hearing Tuesday night to protest plans to separate the two northern runways by 260 feet for safety and efficiency reasons.

Lawmakers Warn A.I.G. Not to Join Lawsuit Against U.S.

As the board of the American International Group weighs whether to join a shareholder lawsuit against the United States government, several lawmakers have a simple message for the bailed-out insurer.

AIG Backs Off Suit Over Bailout After Public Outrage

Facing outrage from all quarters, AIG Inc. said Wednesday it would not sue the U.S. government over terms of its multi-billion dollar bailout.

Congresswoman Maxine Waters’ Statement on Potential AIG lawsuit

Congresswoman Maxine Waters (CA-43), Ranking Member of the Financial Services Committee, released the following statement today in response to reports that the American International Group Inc. (AIG) is considering joining a lawsuit against the U.S. government claiming that the terms of the bailout were unfair:

Congresswoman Waters Applauds Passage of $9.7 Billion Sandy Relief Bill

Congresswoman Maxine Waters (CA-43), Ranking Member of the Financial Services Committee and one of the co-authors of the Biggert-Waters flood insurance reform law released the following statement today after passage of H.R. 41, a $9.7 billion flood insurance portion of the Sandy Disaster Relief Package:

CFTC to delay some swaps rules

The US Commodity Futures Trading Commission is to announce Friday a temporary reprieve from stringent new derivatives rules, people familiar with the matter said.

Black Lawmakers Set for Key Capitol Hill Leadership Positions

Several members of the Congressional Black Caucus will be serving in key leadership positions in the 113th Congress, House Democratic Leader Nancy Pelosi (D-Calif.) announced Dec. 5. The news comes in stark contrast to the announced Republican leadership appointments in which neither women nor minorities played substantial roles.

Investor advocates press SEC to finish 'bad actor' rule

It does not seem like it would be difficult for regulators to block felons and other law-breakers from pitching private investment deals to unsophisticated customers, but nearly 20 months after proposing its "bad actor" rule, the U.S. Securities and Exchange Commission is having trouble finalizing it.

Grover Norquist to Peter King: Don’t be a ‘weasel'

Anti-tax hike crusader Grover Norquist is slamming Rep. Peter King, saying he hopes "his wife understands that commitments last a little longer than two years" after the New York lawmaker said the no-taxes pledge is binding for only one session of Congress.

Waters Asks For Derivatives Rule Delay

Rep. Maxine Waters, who will take over as top Democrat on the House Financial Services Committee next year, is urging the Commodity Futures Trading Commission to delay implementation of certain derivatives rules set to go into effect Jan. 1.

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