Broker Regulation

A year-end deadline approaching, quiet negotiations to avoid an economy-rattling "fiscal cliff" yielded no tangible signs of progress on Monday as Republicans pressed President Barack Obama to volunteer spending cuts he will support while the White House insisted the GOP endorse higher tax rates on upper incomes.

Maryland has received conditional approval by the federal government to operate a state-based health insurance exchange in 2014, Lt. Gov. Anthony Brown announced Monday.

Oregon is among the first six states to get preliminary approval from the Obama Administration to operate a health insurance exchange.

The U.S. government said Monday that it is selling its remaining shares of American International Group stock, moving to close the books on the government's biggest bailout during the 2008 financial crisis.

There goes the affordable part of health reform. The insurance industry is warning a new tax in in the Patient Protection and Affordable Care Act will cost consumers thousands of dollars because of rising premiums.

President Barack Obama is pressing for public support Monday to raise taxes on the wealthiest Americans, a day after he and House Speaker John Boehner met one-on-one for the first time to discuss ways to avert the "fiscal cliff."