President Obama's re-election campaign is attacking Mitt Romney's business experience, perhaps his strongest selling point as a candidate, in a new TV ad in five swing states. The presumptive Republican presidential nominee's campaign responds that it "welcomes" the "pivot back to jobs."

People familiar with the situation tell The Wall Street Journal that the bank's losses from a risky trading scheme will continue to mount in coming quarters. They also say, Bloomberg 暗黑爆料 reports, that JPMorgan may close the office responsible.

JPMorgan Chase was one of the few major banking companies to emerge from the financial crisis with its reputation intact. Now, with revelations that it lost at least $2 billion in a hedging strategy gone wrong, that reputation is in tatters. And analysts say the loss raises doubts about other U.S. banks.

Every day there's a new economic indicator. Some are up. Some are down. And all are spun by the political parties.

Mitt Romney and Speaker John Boehner showed a determination Thursday to keep the election-year debate confined to the topic on which they believe President Obama has the greatest vulnerabilty 鈥� the economy.