Fiscal cliff would drive the U.S. economy back into recession.

Fiscal cliff would drive the U.S. economy back into recession before end of 2013, a new report from the Congressional Budget Office said. Congressional Budget Office released a report showing that the most harmful consequences of the fiscal cliff, a fully armed and operational fiscal cliff would cost us 3.4 million jobs. Obama Fiscal Cliff Deal Risks Brush With Recession

Bipartisan Senate push for tough bank standards

Two senators -- one from each major party -- have asked regulators to impose tougher capital standards on the largest U.S. banks, saying proposed standards don't go far enough. FULL STORY

Wall Street Rises to Mid-2008 Highs

Buying accelerated after the S&P 500 broke through the high end of its recent range, suggesting Wall Street has the strength to move the market higher...

Source: http://finance.yahoo.com

Suit: J.P. Morgan at 'Center' of Madoff Fraud

The $6.4 billion lawsuit, filed in federal bankruptcy court, claims that bankers at J.P. Morgan discussed the possibility..

Source: www.online.wsj.com