The President has spoken out in support of the clean energy legislation that is making its way through the Congress. There should be a vote this Friday in the House--there is a very good chance it will pass, although its fate in the Senate is less than clear since it needs 60 votes to pass.
The Obama Administration’s aggressive and seemingly frantic pressure to get a health care bill passed over the next few weeks (a virtual impossibility) brings back memories of sixteen years ago, in 1993 when the newly inaugurated Clinton Administration tried exactly the same thing. And it was that very aggressiveness on the part of (most particularly) Hilary Clinton that (thankfully) ultimately doomed the project. I predict the same thing will happen again in 2009.
Futures indicated a fairly flat open for Wall Street Tuesday, after the stock market saw its worst one-day loss in two months, as defensive stocks rose.
Plus, get calls on health care, the banks and more.
Does the Obama administration really want to grant a virtual dictatorship to the Federal Reserve on monetary policy and banking oversight and regulation? The Fed already has enough trouble figuring out monetary policy. So this business about the central bank engaging in systemic-risk regulation and all the accompanying regulatory bells and whistles makes no sense.
It looks like President Obama’s big-bang health-care reform is going down to defeat. This is good. But my question is why do we need it at all?
While the Obama administration’s financial overhaul plan is directionally correct, it requires refinement, said Gene Ludwig, CEO of Promontory Financial, a firm that tries to fix troubled banks.
Both parties not only question the Fed’s performance but worry that the financial reforms will make the central bank even more politicized.
And you thought PETA sending President Obama a Katcha Bug Humane Bug Catcher was the end of the Presidential Fly Flap. The most hilarious twist yet in the uproar over the President's quick dispatch of a fly to fly heaven is an interview with...the fly's widow.
President Obama's proposed financial reform has sparked a debate among lawmakers and members of the financial sector. Some argue that the plan's creation of a separate consumer protection agency will cause unnecessary confusion, while others say it will give the Federal Reserve too much power. CNBC talked to the experts for their opinion on the proposal.
The high cost of securing health insurance for all Americans, the top domestic priority of President Obama, has Congressional Democrats scrambling to scale back their proposals or find ways to trim tens of billions of dollars a year from existing health programs.
Creating a separate Consumer Financial Protection Agency could cause banks to make unsound loans, said Camden Fine, president and CEO of the Independent Community of Bankers.
Ending the idea that large financial institutions are “too big to fail” is a top priority under the Obama administration’s regulatory reform proposal, said Sheila Bair, chairman of the Federal Deposit Insurance Corp.
Stocks snapped a three-day losing streak Thursdayas a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
The Department of Education has selected student lender Sallie Mae and three other companies to service the $550 billion in outstanding federal student loans and future loans owned by the government.
Healthcare stocks rebound, so is significant reform dead? Healthcare stocks have been moving off their lows since Tuesday and are up significantly today after moving almost straight down in June.
Stocks advanced Thursday as a trio of encouraging economic reports — the Philadelphia Federal Reserve's manufacturing report, leading indicators and weekly jobless claims — fueled recovery hopes.
Stocks advanced Thursday after an encouraging report on manufacturing from the Philadelphia Federal Reserve.
Stocks post modest midday rally. Stocks moved up modestly after the open, led by two of the weakest sectors in the past week: financials and commodities.
The latest polls reveal a growing public revolt against massive deficits and massive government intervention, especially among independent voters. We sorely need limits on spending, borrowing, debt creation, TARP-ing, bailing-out and government expansion.