WASHINGTON (Reuters) - Two Senate Democrats said they will propose on Wednesday placing new limits on proprietary trading by banks and nonbank financial firms, widening the 'Volcker rule' backed by the White House. Senators Jeff Merkley and Carl Levin said in a statement they will hold a news conference on legislation "to limit the types of high-risk bets, also known as ...

NEW YORK (Reuters) - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery. Citigroup Inc <C.N> stock rose as much as 8.4 percent after a prominent fund manager said the bank's shares were underpriced. Citi ...

WASHINGTON (Reuters) - President Barack Obama inserted himself into Senate efforts to pass a climate change bill on Tuesday, gathering Republican and Democratic lawmakers at the White House to jumpstart efforts to overhaul U.S. energy policy. Obama called the meeting with influential senators and members of his cabinet to reinvigorate one of his top domestic and foreign policy priorities, which ...

WASHINGTON (Reuters) - U.S. President Barack Obama still wants Congress to pass a climate bill this year, Republican Senator Susan Collins told reporters on Tuesday after meeting with the president. Obama gathered key Republican and Democratic senators at the White House to talk about the climate bill, seeking to jump-start stalled efforts to overhaul U.S. energy policy. (Reporting by ...