Daily Almanac for
May 26, 2012
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2010 Year in Review

U.S. News

Major U.S. news stories, from health-care reform to "Don't Ask, Don't Tell"


money and handcuffs

Related Links

Arizona Immigration Law Pushes the Limit | Health Care Reform: Years in the Making, Still Doesn't Satisfy | Midterm Elections | A New Era for U.S., Russia, and Nuclear Arms | The Official End to the War in Iraq | Passing the Buck on "Don't Ask, Don't Tell" | Same-Sex Marriage Ban Temporarily Overturned in California | The Supreme Court: Personnel Changes & Major Decisions | Tea Party Victories

Landmark Financial Regulation

With President Obama's strong support and the general agreement of the Democratic Party, Congress approved a landmark financial regulation bill in July of 2010. The new law increased the number of companies that will be regulated by government oversight and created a panel to watch for risks in the financial system as well as a consumer protection agency. Some Democrats and other critics argued that the bill is not tough enough; Republicans claimed it gives the government too much control over the business sector.

For more information on business, finances, and the economy:

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Plessy v. Ferguson (1896) was the infamous case that asserted that “equal but separate accommodations” for blacks and whites were constitutional.
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