FROM Ryan Holeywell
City Council Passes Responsible Banking Ordinance Two days after JP Morgan Chase announced its $2 billion loss from risky trading, the New York and Los Angeles City Councils passed so-called responsible-banking ordinances. In LA, it was the result of a three-year effort by City Councilman Richard Alarcón. The vote in favor of Alarcón's measure was unanimous.
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.
White House budget proposal slashes and burns President Trump's first budget request is considered dead on arrival in Congress — a familiar development in Capitol Hill. We hear what it reveals about the priorities of the new administration. What's likely to die… and what might survive?