Topic: White House

Investors may have overreacted to J.P. Morgan’s $2.3 billion dollar trading loss, and traders may have an opportunity for quick gains in bank stocks. But longer-term, U.S. banks may never recover to their past glory, writes guest columnist Peter Morici.   Read More

Recently, Beijing announced it would permit the yuan to rise in value as much as one percent each day. This was greeted by China watchers as an important indication Beijing would finally permit the yuan to rise against the dollar significantly enough to reduce the U.S. trade imbalance with the Middle Kingdom.    Read More

While President Obama is out on the campaign trail talking about how bad things were four years ago, and how we have to go “forward” to his second term to see just how great things are going to be in the next four years, the biggest problem he’s got is the here and now.    Read More

Without prompt efforts to produce more domestic oil, redress the trade imbalance with China, relax burdensome business regulations, and curb health care mandates and costs, the U.S. economy cannot grow and create enough jobs.    Read More

The White House Correspondents Association dinner guest list includes just six people who could be said to be in business, out of more than 120 known guests. Of those, at least three have reasons to be invited other than their business acumen.   Read More

The deficits on oil and with China account for nearly the entire $621 billion trade deficit—nearly 4 percent of GDP. Cutting these in half, through changes in energy and trade policy, would increase GDP, including multiplier effects, by some $500 billion and create 5 million jobs.    Read More

Thirty-five percent of Americans flunked a recent test of basic political facts.   Read More

Nearly $110 million — more than half the money raised by super PACs since Jan. 1, 2011 — came from just 46 people, businesses and organizations that donated at least $1 million each.   Read More

In anticipation of his proposed tax cut for small businesses being squashed in the Senate, House Majority Leader Eric Cantor says he expects the debate over taxes to be resolved with the presidential election.   Read More

Social conservatives are at it again—sacrificing the opportunity to advance their agenda on the altar of ideological purity.    Read More