House Panel Votes to Regulate Derivatives

Update | 12:34 p.m. A key House committee voted on Thursday to regulate, for the first time, trading in the arcane financial instruments known as derivatives, which have been linked to the financial crisis that shocked Wall Street and cut into the savings of millions of Americans, The New York Times’s Stephen Labaton reports from Washington.The 43-to-26 vote by the Financial Services Committee was mostly along party lines and was a big step in President Obama’s proposed overhaul of rules coverin