President Barack Obama wants to strengthen the government’s authority over financial institutions in a sweeping attempt to modernize the nation’s regulatory framework.
The Treasury is expected to propose the creation of a regulatory agency to protect consumers' financial transactions as part of the administration's overhaul of financial regulations .
Wall Street may be losing its luster for new U.S. college graduates who are increasingly looking to the government for jobs that enrich their social conscience, if not their wallet.
The Dow fell more than 100 points, while prices for copper, aluminum and other industrial commodities also slid. All the major stock indexes fell more than 1 percent.
