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During his final months in office, President Obama is pushing hard for new financial regulations. Wall Street and the Republicans are fighting back, while progressives complain the new rules don't go far enough. We look at the possible consequences for Obama's White House legacy.

Later on the program, the start-up squad behind the Golden State Warriors.

David Cameron Answers Questions about Finances 6 MIN, 30 SEC

The so-called Panama Papers are making history in the United Kingdom. For the first time, politicians are releasing their tax returns — even though there is no legal requirement. Prime Minister David Cameron today told Parliament, "Since 2010, I've not owned any shares and any investments. The publication of a prime minister's tax information in this way is unprecedented, but I think it is the right thing to do." Mary Dejevsky is chief editorial writer for The Independent.

Mary Dejevsky, The Independent (@marydejevsky)

The President's Latest Message: 'There's No Time to Lose' 34 MIN, 2 SEC

With a sense of urgency, President Obama has announced a host of new financial regulationsHis stated goals are to protect retirement accounts, make big corporations pay their taxes, and bolster organized labor. Business interests and Republicans call it a "regulatory rampage" -- but disappointed progressives say he's waited too long. Stakes include the legacy of the Obama Administration.

In this week's address to the people, the President highlighted two of the new regulations he's imposed to make financial advisors responsible to their clients and to stop corporations from merging with foreign companies to avoid US taxes. During a news conference last week, he explained, "When companies exploit loopholes like this it makes it harder to invest in the things that make the economy work for future generations. It sticks the rest of us with the tab and makes hard working Americans feel like the deck is stacked against them"

Shahien Nasiripour, Huffington Post (@nasiripour)
Micah Hauptman, Consumer Federation of America (@MicahHauptman)
Sam Batkins, American Action Forum (@SamBatkins)
Bart Naylor, Public Citizen (@BartNaylor)

Nasiripour on Obama's crackdown on Wall Street

Who Deserves Credit for the Golden State Warriors' Wins? 9 MIN, 21 SEC

Fans focus on the exploits of athletes, but there's no doubt that professional sports is also big business. Should venture capitalists get some of the credit for a basketball team that's about to make history?

Photo: Keith Allison

If the Golden State Warriors win their last game of the season on Wednesday night, they'll break a record set by Michael Jordan and the Chicago Bulls 20 years ago. The team and its star point guard are so much a cultural phenomenon that Stephen Curry's three-year old daughter "has developed a following." That's according to Bruce Schoenfeld in the New York Times magazine.

Bruce Schoenfeld, New York Times Magazine

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