The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve.» Read More
The stock market plunged 170 points this morning and oil jumped over $3, allegedly based on a New York Times story that Israel is carrying out military exercises as a rehearsal to bombing Iran. But actually, the Times story, written by the very able war correspondent Michael R. Gordon, is talking about Israeli training exercises from early June, not now.
Barack Obama faced a difficult choice for the fall campaign. He could follow through on his commitment to strike a deal with John McCain on remaining within the public financing system for the general election, or he could opt out of the system and cash in on the huge financial advantage he has displayed over John McCain.
Democrat Barack Obama said he would consider trimming corporate tax rates as part of a simplification of the U.S. tax code if he is elected to the White House, the Wall Street Journal reported Tuesday.
I had a visit on Power Lunch today and we talked about the effect on the health care stocks depending on who wins the White House. In general, pharmaceutical companies do well when they have a new product pipeline of innovative products that allow them to command high prices.
Democrat Barack Obama leads Republican John McCain by 47%-41% in the 2008 race for the White House, according to the first NBC News/Wall Street Journal poll conducted after Mr. Obama wrapped up the Democratic presidential nomination.
Sen. John McCain delivered a nearly pluperfect supply-side tax-cut plan yesterday, one that is worthy of conservative support, and frankly a real eye-opener showing just how good he can be. I wrote about it in my latest column.
The Republican candidate for president embraced low-tax-rate incentives to grow the economy, promising a combination of pro-growth tax reform and simplification along with significant spending restraint.
As he campaigned against racial integration in the 1960s, George Wallace complained "there's not a dime's worth of difference" between the Democratic and Republican parties. But nowadays that's only true in primary elections.
Some people assume the worst about Hillary Clinton, who tomorrow will formally end his campaign for the Democratic nomination and endorse Barack Obama. And those people have had a field day with her campaign's endgame, seeing Clinton as caring only about herself.
He hit all the right notes. Overtax. Overspend. Over-regulate. Central planning. Command-and-control of the U.S. economy. All in the name of a dubious global-warming theory.
Last night on Kudlow & Company we discussed the theory suggesting the stock market sold off a hundred points earlier in the day -- despite Fed head Ben Bernanke's bullish King Dollar statement -- because of the AP headline announcing Obama's impending nomination.
Some Democratic strategists had earlier speculated that she wouldn’t want the vice presidential slot, since as First Lady during the 1990s she had already been as close to the Oval Office as someone can get without being chief executive.
By now the 2008 Democratic primary battle between Barack Obama and Hillary Clinton, which concludes tomorrow (Tuesday) with contests in Montana and South Dakota, has developed a story line so reliable pundits can recite it in their sleep.
For most of the 2008 primaries, the Clinton and Obama constituencies have remained remarkably stable. While the Illinois senator, has energized young voters, African Americans and affluent liberals, his rival from New York has dominated among women, Hispanics, older voters and blue collar whites.
It has become crystal clear a major political storm is brewing. "Change" is a nebulous rallying cry that by itself doesn't mean much in particular. But it may be an effective one for Democrats nevertheless because of the level of unhappiness with the way things are.
Polls are mixed on the McCain-Obama race for president. But there are some good things coming out of the McCain story. First on the polls: Rasmussen has McCain four points ahead, 46-42.
One of the things we’ve learned during the Democratic primary battle is that Hillary’s victories are bullish for stocks and Obama’s wins are bearish.
Sen. Joe Lieberman gave a brilliant speech last night at Commentary magazine’s annual dinner at the University Club in New York. It was one hell of a great talk. Joe Lieberman was incredibly impressive. Absolutely brilliant.
Up until last month, AMGN had been atop the list of pharmaceutical manufacturer donors and PFE was in a close second. But the CRP says they flip-flopped in the most recent month that figures are available. So far, in the 2008 election cycle, Pfizer's given $862,000 to candidates and Amgen has forked over $852,000.
President George W. Bush and Sen. John McCain went to bat on energy policy this week. And guess what? They both struck out. Bush went hat in hand to the Saudis to ask for more oil production in order to bring down world prices.