Budget Battles
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Trump Taps Hedge Fund Mogul for Treasury Secretary
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Trump Picks a New Attorney General Nominee After Gaetz Withdraws
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Musk and Ramaswamy Outline Plan to Slash Federal Workforce
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Trump Picks TV’s Dr. Oz to Run Medicare and Medicaid
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Johnson Signals Plan for Looming Shutdown Deadline
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Trump Announces Another Shocking Cabinet Choice: RFK Jr. for HHS
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Trump’s Stunning Staffing Picks Set Off Political Shockwaves
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Want Your Own Home? Here’s How to Do the Math
By Cathy Curtis, CNBCIt seems nothing can stop Americans from wanting to buy their own homes. It's almost as if the credit crisis didn't happen, even though not too long ago we were bombarded daily with stories about...
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Budget Brawl Could Sideswipe Fed Plans to Taper
By Josh Boak, The Fiscal TimesThe Federal Reserve appears ready to tap the brakes on its monthly $85 billion bond-buying program, even though the jobs picture still looks dismal and an upcoming federal budget showdown could...
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How It Took 35 Years to Wreck the U.S. Economy
By Nick Gillespie, ReasonThe chart below put together by my frequent collaborator Veronique de Rugy is, simply put, terrifying. It shows the growth in inflation-adjusted federal outlays per capita. So what you're looking at...
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How to Build a Guard Rail around the Fiscal Cliff
By David M. Walker, The Fiscal TimesOp-ed : The “ fiscal cliff ” is quickly approaching, but President Obama, Gov. Romney, and Congressional leaders have not revealed their specific plans to avoid it – if they have one. Given that it...
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Fiscal Cliff Looms Large As Congress Leaves Town
By Eric PianinA highly unpopular Congress once again departs on a lengthy recess, leaving behind a mountain of unfinished work, including a farm bill amid one of the worst U.S. droughts in decades. One year after...
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S&P Downgrade: One Year Later, a Message Unheeded
Despite the high drama surrounding the rating cut, dramatically little has changed in terms of the fiscal and political issues S&P's announcement highlighted.
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10 ‘Kicked Cans’ That Can Send the U.S. Over the Cliff
By Josh Boak and Eric Pianin, The Fiscal TimesAmid all the mania about the government driving off the fiscal cliff early next year, there is the usual complaint about Washington putting off the kinds of reforms that would stop the federal budget...
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Bolting Bovine Replaces Germany's Oracle Octopus
By ReutersCould a runaway celebrity cow replace the late Paul the "oracle" octopus as the next animal with the ability to foretell the fortunes of Germany's national soccer team?
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Will Germany Swallow Inflation to Save the EU?
This weekend’s G-8 summit at Camp David, the U.S. president’s retreat, marks a big step for Europe in several different ways. After a couple of weeks of waffling, German Chancellor Angela Merkel now...
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Boehner to Dems: We Won’t Blink First on Debt Deal
By Eric PianinA year after the debt ceiling debacle, when the U.S. almost defaulted on the country’s debt, House Speaker John Boehner demanded in a speech at a fiscal summit that the next increase in the Treasury’...
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How Obama Set the Bear Loose on Wall Street
By Paul Starobin, The Fiscal TimesPresident Obama seemed to be riding high in the markets in early May on the news that Osama bin Laden had been killed, but investor disenchantment with the president runs deep, and this week’s...
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Stocks Rebound as Wall Street Awaits Fed
By Zachary A Goldfarb, The Washington PostWall Street gained ground and held on Tuesday morning, restoring a bit of hope for investors after another turbulent night for overseas markets and the steepest losses for U.S. indexes since 2008.
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Will Downgrade Further Shake the Housing Market?
By Jennifer Depaul, The Fiscal TimesThe ripple effects from Standard & Poor’s downgrade of the U.S. last week continued on Monday as the rating agency also cut the credit ratings of mortgage lenders Fannie Mae, Freddie Mac and...
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Moody’s Confirms U.S. AAA Rating, with Caveats
By Jennifer Depaul, The Fiscal TimesMoody’s confirmed the U.S.’s AAA rating, despite Standard & Poor’s downgrade, but said it would be watching how the budget situation is handled in the future.
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Zandi: S&P Downgrade Won’t Wreck U.S. Economy
By Michelle Hirsch, The Fiscal TimesDespite today’s market volatility, Standard & Poors’ decision to downgrade United States’ AAA credit rating to AA+ won’t interfere in the U.S. economy, according to Moody’s Analytics chief...