The Fed should get ahead of the fiscal policy risks and increase interest rates in September, former Obama budget director Peter Orszag says.» Read More
“Only in the upside-down world of Washington do people think that making government bigger is a recipe for economic growth.” So begins Dan Mitchell of the Cato Institute in his latest mini-documentary discussing Obama’s stimulus plan. As you may have guessed, I agree.
US President Barack Obama won't be there, but many other major world leaders will be on hand, and policy experts say they'll have to do more than just show up if they want to jumpstart the global economy.
President Barack Obama's decision Monday to reverse a pair of Bush administration environmental policies could be an sign of other decisions the new White House team could take to combat climate change.
U.S. President Barack Obama told the Environmental Protection Agency Monday to reconsider California's request to regulate greenhouse gas emissions from cars, reversing the climate policies of former President George W. Bush.
Timothy Geithner's tax controversy won't cost him his confirmation as U.S. Treasury Secretary on Monday but it could prove a source of friction when he seeks new powers from Congress to fight recession. Tell us what you think:
Instead of nationalizing the banking system, or making our big financial institutions wards of the state, or interfering with real estate markets through foreclosure bailouts, or expanding any other aspects of Bailout Nation, let’s have some pro-growth tax policies.
I continue to be concerned over this effectiveness of this spending plan and the timing of the stimulus, says Andrew Busch.
President Obama has wasted no time since taking the oath less than one week ago. The President has gathered congressional leaders to lobby for an aggressive economic stimulus package and he’s selling an ambitious agenda of economic overhaul straight to the American people.
Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.
President Obama on Friday stepped squarely into the fractious effort in Congress to assemble an $825 billion economic recovery package, seeking to quell criticism from both parties and to retain leadership on an initiative that could define his term.
These two guys got away with murder, but no one seems to care.
Lawmakers spent Friday fighting over ways to stimulate the economy. But our guest says it probably doesn't matter.
Now that people are making wish-lists for the new administration, lowering the drinking age keeps popping up as one of the most common suggestions. I think our national drinking age is an absolute travesty of justice.
Stocks ended a topsy-turvy week mixed as techs and banks rallied but about half of the Dow finished the day in negative territory.
President Barack Obama said it appears Congress is "on target" to approve a massive new stimulus package by Feb. 16th, President's Day.
U.S. stocks fell sharply Friday as worries about earnings continued to rattle the market.
A few days into his term, President Obama appears to have begun to undo another Bush-era policy. He hasn't yet formally lifted the Bush-imposed ban on federal funding of new embryonic stem cell research, but Obama's Food and Drug Administration has already set the stage for it.
Most agree home foreclosures are a major problem. But the severity of the issue, mechanics of tackling it and amount of money needed are very much under debate.
The last thing we need is another master of the universe who feels like the rules of the moral code do not apply to him, says Jerry Bowyer.
With rumors swirling over a nationalization of Citigroup and serious questions being raised about the Geithner nomination, the US is in for a tough weekend, says Andrew Busch.