economic contraction

Why Basel III's New Bank Capital Rules May Be Irrelevant

International bankers are hammering out the Basel III agreement, which will require banks to keep more capital in reserve relative to what they invest. It's a good idea, and one that would cushion the financial system from the next bust -- if the rules weren't being pushed so far into the future.

Two More Reports Confirm a Slowing U.S. Economy

The latest Leading Economic Indicators reading and regional Philly Fed Index provide further evidence of weaker economic growth. And that complicates policymakers' efforts to lower the nation's high unemployment rate.