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MANCHESTER (Reuters) - The European Central Bank and core euro zone countries could do more to support demand as Europe's leaders grapple with a debt crisis and political turmoil, Prime Minister David Cameron said on Thursday. "The idea that high deficit countries can borrow and spend their way to recovery is a dangerous delusion," Cameron said in remarks prepared for delivery in the northern city of Manchester. ...
WASHINGTON (Reuters) - The White House, following a trading loss of more than $2 billion by JPMorgan, wants to ensure a tough interpretation of a regulation aimed at preventing banks from making bets with their own money, The Wall Street Journal reported on Wednesday. Citing people familiar with the matter, the report said White House officials have stepped up talks with the Treasury Department in the several days since the staggering loss was disclosed by the bank. The discussions, according to the report, represent the first tangible political impact from the trading debacle. ...