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    Obama to Congress: Put in place banking rules now

    President Barack Obama waves as he walks from the White House in Washington, Friday, May 18, 2012, to board Marine One, as he travels to Camp David for the G8 Summit. (AP Photo/Carolyn Kaster)President Barack Obama says the big trading loss at JPMorgan Chase shows the need to finally put in place banking rules he signed into law two years ago. He also is calling on Congress to stop trying to weaken the regulations.


    Europe's economic woes dominate G8 gathering

    French President Francois Hollande listens as U.S. President Barack Obama speaks at the start of the first working session of the G8 Summit at Camp DavidCAMP DAVID, Maryland (Reuters) - U.S. President Barack Obama pledged at a summit on Saturday to work with Europe on a package that balances growth with debt reduction as world leaders try to prevent the worsening euro zone crisis from destabilizing the global economy. At the wooded Camp David retreat in Maryland's Catoctin Mountains, Obama and leaders from other major economic powers are seeking ways to soothe financial markets after worries about Spain's banking problems and the risk of a Greek exit from the euro zone sent world stocks to their lowest levels this year. ...


    G-8 leaders put focus on European financial crisis

    President Barack Obama kisses German Chancellor Angela Merkel on the cheek on arrival for the G8 Summit Friday, May 18, 2012 at Camp David, Md. (AP Photo/Charles Dharapak)President Barack Obama says he and leaders of seven other major industrial nations are focusing on economic concerns during discussions at Camp David.



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