STORY HIGHLIGHTS
·Some Iranians-Americans believe the Islamic Republic possibly is eroding
·Protests in Iran continue after disputed presidential election
·Tensions between Iran's clergy could be a reason for the unrest, analyst says
·Iranian-Americans say they hope more freedom is result of unrest
Some Iranian-Americans, watching the post-election unrest in Iran, say the tug-of-war between the people and their hardline government has come to a head after three decades...
Reuters: Obama's regulatory reform faces fight in Congress
By Thomas Ferraro WASHINGTON (Reuters) - President Barack Obama's proposed financial regulatory overhaul could face big changes in Congress, where over the years members of both parties have permitted lax controls blamed for the
US economic meltdown.
Democratic and Republican lawmakers found fault with at least some of the ideas put forward in the president's proposal, which seeks to clamp down on the country's biggest financial firms in the hope of preventing another economic crisis.
The biggest sticking point may be the role of the Federal Reserve, the U.S. central bank. Obama envisions the Fed overseeing the largest financial firms to ensure that they are not taking excessive risks that could destabilize the economy.
WSJ: AT A GLANCE: Obama Offers Financial Regulatory Reform Plan
THE EVENT: President Barack Obama on Wednesday proposed the most sweeping overhaul of the way the U.S. government oversees financial markets since the 1930s. He pushed Congress to grant the Federal Reserve and the executive branch of government vast new powers to supervise previously unregulated aspects of the economy, while reorganizing other aspects of oversight.
LA Times: Senate 'not there yet' on healthcare legislation
Democrats had hoped to begin public debate this month, but that seems likely to be pushed back to July because of the bill's estimated $1.6-trillion price tag.
Reuters: U.S. has decided fate of half Guantanamo detainees
WASHINGTON, June 17 (Reuters) - The U.S. government has decided the fate of about half the detainees at the Guantanamo Bay prison camp, and no more than a quarter of them will go on trial, Attorney General Eric Holder said on Wednesday.
President Barack Obama's order for the prison for foreign terrorism suspects on a naval base in Cuba to be closed by the end of January has met resistance in Congress where some lawmakers are opposing any transfers to the United States.
Last week nine prisoners were transferred to Saudi Arabia, Bermuda, Iraq and Chad. One prisoner, Ahmed Khalfan Ghailani, accused of involvement in the 1998 U.S. embassy bombings in Africa, was sent to New York and became the first detainee transferred to the United States for trial by civilian court.