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THE US Congress, particularly the senate, has been a graveyard for aggressive financial reform. And banks are hoping President Obama's new bank levy will suffer a similar fate. They shouldn't count it. A clever design and a determined White House push mean Wall Street may have to pay up.
SAN FRANCISCO: Uber Technologies Inc. and Postmates Inc. sued the state of California, alleging that a labor rights law set to go into effect this week is unconstitutional.
WASHINGTON: President Donald Trump's US$4.8 trillion budget plan for the coming fiscal year drew a prompt rejection on Monday from congressional Democrats, who said it betrayed his promise to protect popular health and safety-net programmess.