Governance/Regulation & Compliance

Government faces setbacks in attaining its deficit goals.

Fourth austerity package in seven months raises sales tax to 21% from 18%.

State-owned lender offers funds so Chinese companies can leave U.S. stock market.

Defense contractors say they may warn workers of possible cuts ahead of fall election.

Definition triggers almost 20 reporting, clearing, trading and record-keeping rules.

The NY Fed made recommendations on Libor to British regulators in 2008.