Government Programs
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President Obama said that he did not know about the IRS Inspector General's report on the agency's targeting of conservative groups for extra scrutiny before it was leaked.
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"The idea that Congress is so dysfunctional that they can't cut their budget by more than 1% or 2%, when you contrast that to the re-pricing of the entire housing stock for the U.S., it's a complete disconnect." ...A report from TheStreet.
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While all states, private insurers and the federal Medicare program decide what to cover, this state’s program is attracting nationwide attention, in part because its process is public and open, reports the New York Times reports.
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The mortgage market is currently mired in policy and politics that could directly affect buyer decisions on Main Street, at a time when the housing market remains in a slump.
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One thing anyone with a high public profile and responsibility for delivering policy needs to remember is that if you don't want to unwittingly stick your foot in it, the best policy surely is to keep you mouth tightly shut.
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The euro zone is highly likely to survive, albeit not without further turbulence, according to Martin Wolf from the Financial Times.
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Commerce Secretary Gary Locke is about to be made ambassador to China, according to numerous press reports. The move is indicative of the importance placed on Chinese relations by the White House and should be seen as a promotion for Locke.
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The European Central Bank was guilty of a “major failure of supervision” in not restraining lenders from fueling the property bubble in Ireland, says a former prime minister, the Financial Times reports.
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The White House is struggling to fill key financial posts in the administration as a combination of Senate opposition and candidates’ reluctance to join up leaves critical positions empty. The FT reports.
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For the first time in out five-year old study, states are de-emphasizing their cost of doing business—including taxes and utility rates—while placing more emphasis on quality of life and transportation/infrastructure. So we're adjusting our weightings and point system.
