One of the catalysts behind the surge in bank and financial stocks since the Trump victory, has been the market's expectation that the new administration will repeal Dodd-Frank, and thus undo years of regulatory hurdles that have prevent banks from engaging in everything from prop trading to levering substantially higher, and have cost them billions in legal fees and settlements.
A controversial bill that would allow for the prosecution of climate change deniers in California was postponed on Thursday by the California Senate. The California Climate Science Truth and Accountability Act of 2016 (Senate Bill 1161) would have authorised to prosecute fossil fuel companies, think tanks and members of the public who denied man-made climate change.
Last Tuesday the Senate Intelligence Committee approved the annual Intelligence Authorization Act for 2017, which is now set to be considered by the full Senate.
After a month-long scare campaign waged by Saudi Arabia, and in no small part the Obama administration, which went so far as to threaten it would dump its US Treasurys (which the NYT previously had quantified as $750 billion however which the Treasury just yesterday disclosed for the first time in 41 years as only $117 billion suggesting the Saudis would likely also have to sell US stocks and any other US-denominated assets), if the US were to pass a bill that would hold it legally liable for the Sept 11 attacks, it will be up to Obama to veto the bill because moments ago the Senate unanimo