CNBC's Tyler Mathisen looks back at the week's top business and financial stories. A shortened trading week, this week, as Easter is on Sunday. The week ended positive after Janet Yellen reassured investors. Low rates could be around another two years, she said.» Read More
The Republican headache that is the Larry Craig scandal just turned into a migraine. By signaling that he might reconsider his decision to resign, the humiliated Republican has extended his party's pain--the headlines, the late night TV jokes, the discomfort within the Senate Republican Caucus.
U.S. President George W. Bush and Australian Prime Minister John Howard cemented a strong alliance on Wednesday as Asia-Pacific ministers began talks ranging from human security and climate change to trade and economic reform.
U.S. President George W. Bush said on Wednesday it would help to balance trade if China floated its currency, which has been allowed to appreciate gradually in the past two years but remains tightly managed.
You'll get a nice look at political stagecraft this week with Fred Thompson's carefully calibrated entry on Thursday into the Republican presidential race. There's a Wednesday night GOP debate in New Hampshire that Thompson chose not to participate, lest it muddy his opening message. But instead of leaving the stage altogether, here's how he will attract attention that day...
Summer isn't over yet, but the languid pace that has prevailed in Washington since Congress left town in August has now definitively vanished. On every front, the White House and Congress, Republicans and Democrats, are girding for political action that will unfold rapidly with its ultimate consequences uncertain.
President Bush outlined reforms on Friday aimed at helping subprime mortgage borrowers. This marks the administration's first public response to the subprime housing crisis since the problem began gathering in February.
Fred Thompson begins something next week that in most circumstances would seem totally implausible: limping into a presidential race long after competitors set off with a running head start. Smart money isn't betting the ex-Tennessee senator will overtake them. His hope is that the chaotic, shifting 2008 guideposts offer precisely that kind of course that a chaotic, shifting campaign can navigate.
President Bush tried to calm financial markets by announcing proposals intended to prevent homeowners from defaulting on risky mortgages.
After watching for weeks as the mortgage meltdown roiled the markets and squeezed homeowners, President Bush inserted himself directly into the matter today. It remain unclear how much his intervention will help investors, lenders or homeowners. But there's no mystery about why he did it.
OK, we now know that the President, the Congress, and the Fed are acting, and if things get worse, will act in an even more aggressive manner. What's next? Here are the facts: 1) We are heading toward the end of the year, and traders are now trying to figure out how to insure profits
I'm incensed. There's no other way to describe it. I called the White House, because after listening to the President's speech and reading the corresponding press release from the White House, I was confused, because of this: "The "FHA-Secure" program will help people who have good credit...
Now that Fred Thompson has made clear he'll enter the 2008 race next week, the debate can begin over whether he really is Ronald Reagan's heir--at least on tax cuts. Yesterday, conservative tax cut mavens Grover Norquist and Dan Mitchell told me they consider Thompson suspect on taxes
After initially dismissed questions surrounding donor Norman Hsu, Hillary Clinton's 2008 presidential race has moved to limit the fallout. The campaign has said it will give away Hsu's donations, and Hsu himself has said he will no longer give money to candidates now that reports have surfaced that he's a fugitive from California authorities in a 1990s grand theft case.
The 2008 presidential race will produce a sharp debate over tax policy–-on individuals, estates, investments and corporations. But voters will have to wait for the general election to hear it. That’s because there’s substantial agreement on the biggest policy questions within each party’s field of primary candidates. And for now, those broad areas of consensus have left primary rivals to bicker at the margins.
In addition to campaign finance, Sen. Barack Obama has found a new issue to use in pushing his campaign for changing business as usual--the subprime mess. In a piece in the Financial Times today, Obama blames the problem partly on the mortgage industry's lobbying clout. It's a nifty attempt to add to voters' growing list of complaints against Washington...
I blogged yesterday about the possibility that the campaign finance questions kindled by the Wall Street Journal yesterday--which involved a top fund-raiser named Norman Hsu--could get any worse for Democratic front-runner Hillary Clinton. That is precisely what happened today.
The political world is buzzing over the salacious news surrounding Sen. Larry Craig of Idaho, the conservative Republican caught up in a police sting that targeted sexual activity in a men's restroom. The news endangers Craig's career, at minimum, and might conceivably threaten the GOP's grip on his Senate seat should he be ultimately be forced aside. At a time when Republican social conservatives are already dispirited by the woes of President Bush...
A Republican source on Capitol Hill points out for me today another potential replacement for Attorney General Alberto Gonzales--Sen. Orrin Hatch of Utah, a one-time presidential candidate and longtime member of the Senate Judiciary Committee. Whatever his other qualifications, Hatch would bring this unequivocal benefit: the ability to be readily confirmed by a Democratic-controlled Senate.
White House sources confirm that U.S. Solicitor General Paul Clement will serve as acting Attorney General once Alberto Gonazles leaves the Justice Department in mid-September. And to judge from initial soundings across Washington, no one will be surprised if Clement eventually becomes President Bush's choice to fill the job for the remainder of his term.
We are creeping closer to the point of full engagement in the 2008 presidential race--but not there yet. On the Democratic side, John Edwards and Barack Obama are gingerly ramping up their criticism of front-runner Hilllary Rodham Clinton. With the Iowa caucuses just four months away--and Clinton leading polls nationally and in early states alike--they need to.
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