The Federal Reserve has announced three of China's largest state-owned banks have been given approval to expand their operations in the U.S. Analysts say that ICBC, China investment Corp., and Central Huijin Investment will likely look to purchase regional U.S. banks and establish a footprint in the American market.
President Obama has completed what he calls his "evolution" on gay marriage. After equivocating on the issue for more than a year, he now says same-sex marriage should be legal. Obama's endorsement of gay marriage makes it a prominent issue in the November election.
Gays and lesbians have been largely supportive of the Obama administration due to the repeal of "don't ask, don't tell" and opposition to the Defense of Marriage Act. But some had felt the president was moving too slowly on the issue of same-sex marriage.
States are moving to set up health insurance exchanges — a pillar of Obama's health care law. But many GOP governors find themselves in an awkward position. David Wessel, economics editor of The Wall Street Journal, talks to Steve Inskeep about why the governors' positions on exchanges are complicated.