Budget Battles
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Republicans Want Strings Attached to California Disaster Aid
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Biden Goes Out With a Bang in the Jobs Market
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Trump Privately Pushes Senators for ‘One Big, Beautiful Bill’
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Trump Considers Declaring National Emergency for Tariff Rollout
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Trump Unloads: Grievances, Greenland and the Gulf of Mexico
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Republicans Divided Over How to Pass Trump’s Agenda
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Trump Pushes Johnson to Victory as Speaker
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The Republican Retreat From Market-Based Regulation
By Mark ThomaDuring the debate over the repeal of Obamacare, Republicans made frequent reference to their desire for a “free market” for health care. This is consistent with the GOP’s long-standing support of...
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Who’s Watching Wall Street? The Feds Turn a Blind Eye to Goldman’s Game
By David DayenWhy are House Republicans working so hard to repeal Wall Street reform when regulators have shown so much willingness to neglect tougher laws?
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You Get What You Pay For: Banks Spent Billions on Lobbying During the Election
By Pete Schroeder, ReutersBanks and other financial companies expecting big benefits from Republican-led deregulation spent record amounts on lobbying in the last election cycle, according to an advocacy group report released...
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The One Way Trump’s Administration Really Is a Fine-Tuned Machine
By David DayenThe government-by-mood-ring fluctuations of the Trump presidency have corrected the myth that politicians conjure up devious plans to manipulate the public years in advance. It’s beyond clear that...
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Trump the Populist Is Trying to Hobble a Champion of the Little Guy
By Ciro ScottiAfter being bested by Hillary Clinton in a primary contest that saw the deck stacked against him by the Clinton Machine, Bernie is back in the Senate doing what he has always done for the past 30-odd...
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Overhauling Dodd-Frank May Not Succeed, but Also May Not Matter
By Liz PeekNancy Pelosi says President Trump’s call to reshape Dodd-Frank is a “massive con” and that he is putting #WallStreetFirst. Sadly, she has set the tone for Congressional Democrats, siding with...
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Populist on the Trail, Trump Pivots Toward the Banking Industry
By Rob GarverAfter a campaign spent railing against his opponent’s connections to Wall Street banks and promising to stand up for ordinary Americans against the moneyed interests holding them back, President...
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In the Trump Administration, Credibility May be a Problem
By Mark ThomaAs a department chair at a university, you learn that a promise from the Dean or anyone else in the administration is good for about five years. That’s approximately how long Deans last, on average,...
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Here’s Who Wins With Trump’s Order to Slash Regulations
By Rob GarverTrump on Monday morning signed an executive order on Reducing Regulation and Controlling Regulatory Costs. The order is unquestionably a gift to the business community, which constantly complains of...
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How the GOP Could Wipe Out Federal Regulations in One Easy Step
By Rob GarverA new interpretation of an old law may allow Republicans to wipe out decades of federal regulations. Congressional Republicans have been eager to dismantle many of former president Barack Obama’s...
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The Future of American Housing Hangs on Congress
By Josh Boak, The Fiscal TimesIt’s been five years since the housing crisis sunk the U.S. economy—long enough for Capitol Hill to finally start dueling over how to best fix the mortgage industry.
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3 Big Risks Hidden in Banks’ Earnings Beats
By Suzanne McGee, The Fiscal Times“Yes, but….” That’s the only way to react to the news that JPMorgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC) reported record earnings results late last week, trouncing analysts’ expectations and...
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NYSE Euronext to Run Scandal-Tainted Libor
By ReutersNew York Stock Exchange operator NYSE Euronext is to take over running the Libor benchmark interest rates that have been at the centre of a global rigging scandal.
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Four Key Earnings Reports to Watch This Week
By Suzanne McGee, The Fiscal TimesThe market’s focus has, understandably, been on the Federal Reserve and just when it will begin to pull back on its bond-buying program. Every bit of economic news is filtered through that prism. The...
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What the Hell Happened to Jon Corzine?
By Suzanne McGee, The Fiscal TimesJon Corzine has had almost as many next acts as a six-hour opera by Wagner, but this time it appears as if he is finally about to take his curtain call and depart the Wall Street stage for good. The...