Global Glance: GOP targets Dodd-Frank law; Greece agrees to bailout terms

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Here are today’s top business headlines from across the nation and world:

GOP targets law enacted after 2008 financial meltdown

WASHINGTON (AP) — Republicans who eagerly awaited a GOP president so they could take a heavy knife to many of the regulatory requirements for banks, insurers and other financial institutions finally get their chance. The House Financial Services Committee, led by Texas Rep. Jeb Hensarling, is slated to begin work Tuesday on legislation to largely undo the Dodd-Frank law, which Congress passed and Democratic President Barack Obama signed after the financial meltdown in 2008. Read more

Greece agrees to bailout terms — and more austerity

ATHENS, Greece (AP) — Greece and its rescue creditors have reached a deal needed to unfreeze the country’s bailout program and avoid a default this summer, though it leaves Greeks facing years more of austerity and hardship. Following months of tough negotiations, the government and creditors agreed that Greece should make another round of pension cuts in 2019 and commit to maintaining a high budget target along with new tax increases after the current bailout program ends next year. Read more

Hollywood writers, producers reach deal; strike averted

LOS ANGELES (AP) — A tentative deal was reached between screenwriters and producers Tuesday, averting a strike that could have crippled TV and film production and inflicted harm on the wider California economy. The three-year agreement, which requires ratification by members of the Writers Guild of America, was confirmed by the guild and producers’ spokesman Jarryd Gonzales shortly after the current contract expired early Tuesday. The deal came after a flurry of last-minute bargaining, conducted during a media blackout that offered no tangible details about whether picket lines would go up until after midnight Tuesday. Read more

With visas tight, US resorts struggle to find seasonal help

PROVIDENCE, R.I. (AP) — Innkeepers, restaurateurs and landscapers around the U.S. say they are struggling to find seasonal help and turning down business in some cases because the government tightened up on visas for temporary foreign workers. At issue are H-2B temporary visas, which are issued for workers holding down seasonal, nonagricultural jobs. Read more

Trump says he’s willing to consider raising gas tax

WASHINGTON (AP) — President Donald Trump on Monday said he will explore the possibility of higher gasoline and diesel fuel taxes, suggesting an increase could pay for his ambitious infrastructure plan. “It’s something that I would certainly consider,” Trump told Bloomberg News in an interview. The president indicated that the additional money would be directed toward highway construction and repair. That’s been a problem area because fuel taxes have been unchanged since 1993 and created financial challenges for preserving the Highway Trust Fund. Read more

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