ROME, March 9- An ambitious Italian plan for tax cuts to be announced this week will respect European Union deficit limits, Prime Minister Matteo Renzi said on Sunday.» Read More
The Federal Reserve has not run out of options to boost the economy and must focus on managing people's expectations to avoid a prolonged slump like Japan experienced, former Fed Governor Randall Kroszner told CNBC Tuesday.
Tired of relenteless growth, some residents are trying to push through a referendum giving towns and municipalities more control over local development, reports The New York Times.
Midterm election years are usually before-and-after stories for the stock market. "The before is almost always negative and the after is almost always positive," says Sam Stovall of Standard & Poor's. This year, however, could be different.
Given historical patterns and current circumstances—a bad economy—the most likely election scenario is a Democratic rout, but midterms often surprise.
Players from the world of business and finance—CEOs, investment managers, entrepreneuers—often move into the world of politics and government and the 2010 election is no exception.
The co-chairs of President Obama's special commission on cutting the deficit say Social Security is high on the list, so why isn't it front and center in Congressional races?
Politicians are in full swing. Businesses are the scoundrels du jour and the proposals are flying fast and furious to regulate their behavior
Fannie and Freddie are poster children for the past unwillingness of politicians of all stripes—and the voters who elected them—to ask those hard questions about public policy and spending precious resources., says NYU professor Lawrence J. White.
The elections will leave the Republican Party in disarray on key economic issues. Congressional Democrats won’t be able to identify potential compromises until they know what Republicans want. This will create an opening for President Obama to frame his vision for international economic policy.
An eventual deal will be cut in the lame-duck session, extending the Bush tax cuts—for everyone—for another two years, says Greg Valliere, chief political strategist at the Potomac Research Group.
The American people are desperately sending Washington Democrats the same message. After two years of racing ahead on a policy-making treadmill, feeling they're going no where no matter how fast they run, Americans just want it all to stop.
Recent election results illustrate the old political adage: A good economy is no guarantee for election victory but a bad one more often than not brings defeat. The 2010 midterms will be no different.
Arizona may be the frontline of the immigration policy debate, but states far from the Mexican border are also busy grappling with the costly problem of illegal aliens.
Many of the contributors to the crisis, including Basel II, are being expanded instead of scrapped. Market discipline is gone; companies can not be allowed to fail and creditors can't take losses.
The nation’s budget deficit and accompanying debt burden is one of the rare issues that generates agreement; the difference in opinion is over whether it is a big problem now or a big problem later. It also happens to be one of those issues whose ownership shifts from party to party depending on which one is in power.
In a free market anything that encourages individuals and corporations to engage in this behavior is good for the economy and for job creation. Conversely, polices that discourage work or incentives to earn wages or profits are viewed negatively.
If anyone thought a sluggish economy with high unemployment would dampen campaign spending for the 2010 midterm elections, they couldn't be more wrong. A Supreme Court ruling, tight races and grass roots activism will make this the most expensive midterm election in history—with fundraising reaching levels never seen before.
Record spending in the midterm elections will provide a large cash infusion for broadcasters and other media outlets, as the industry struggles in the aftermath of the recession.
Morgan Stanley is the latest firm to announce that it will not take advantage of a new Supreme Court ruling that allows companies to spend unlimited campaign cash in federal elections.
Running for office isn't cheap. Political experts say it can cost about $400,000 to $600,000 to campaign for a congressional seat and about $1 to $2 million for a Senate seat. See who is contributing to candidate's campaigns around the country.