By Joseph Lawler | 01/10/14 12:11 PM
President Obama announced three nominations to the Federal Reserve Board of Governors Friday, filling out the panel that will serve alongside incoming Chairwoman Janet Yellen. Stanley Fischer, the former governor of Israel's central bank and a prominent former Massachusetts Institute of...
By Joseph Lawler | 01/10/14 11:51 AM
The man President Obama picked to take over the government's least known but most important financial regulatory agency was a major reason why Senate Majority Leader Harry Reid made the portentous decision to eliminate the filibuster for presidential nominees.
By Joseph Lawler | 01/10/14 11:41 AM
The economic outlook for 2014 is brighter than it was for 2013. Federal Reserve officials expect the economy to average roughly 3 percent growth throughout 2014, and for the unemployment rate to dip as low as 6.3 percent -- not far from the Fed's estimated "normal" rate of
By Joseph Lawler | 01/10/14 11:39 AM
The Obama administration's failure to secure a Strategic Framework Agreement with the Iraqi government, and its subsequent decision to withdraw all U.S. forces from the country, allowed al Qaeda in Iraq (AQI) to make a comeback.
By Joseph Lawler | 01/10/14 11:16 AM
Unemployment in the U.S. fell to 6.7 percent in December, dipping below 7 percent for the first time since November 2008, when the financial panic was in full swing and President Obama had not yet taken office. However, most of that improvement came because Americans dropped out of the...
By Joseph Lawler | 01/09/14 01:33 PM
Janet Yellen isn't worried that the Federal Reserve's efforts to boost the economy by raising asset prices through bond purchases is exacerbating inequality in the United States. In an interview with Time magazine published Thursday, the incoming chairwoman of the U.S. central bank said "it's...
By Joseph Lawler | 01/09/14 11:07 AM
New claims for unemployment benefits fell to 330,000 for the week ending Jan. 4, the Department of Labor reported Thursday. That is a decrease from the previous week's revised reading of 345,000. Thursday's number exceeded expectations and brought the four-week moving average of claims to...
By Joseph Lawler | 01/08/14 04:54 AM
Led by the Environmental Protection Agency, the Department of Energy and health care agencies, the federal government added 157.9 million hours of paperwork for U.S. workers.
By Joseph Lawler | 01/06/14 06:42 PM
The Senate confirmed Janet Yellen to be the next chairman of the Federal Reserve Monday evening, giving the U.S. central bank its first female leader and ending a nomination process that at times felt more like a high-profile political campaign. The upper chamber voted 56-26 to confirm Yellen,...
By Joseph Lawler | 01/06/14 03:52 PM
Mel Watt was sworn in as the director of the Federal Housing Finance Agency on Monday afternoon, capping a contentious, partisan nomination process and giving the office that runs Fannie Mae and Freddie Mac its first Democratic head. Transportation Secretary Anthony Foxx administered the oath of...
By Joseph Lawler | 01/06/14 06:05 AM
A prominent Harvard labor economist argues the "last chapter" in narrowing the gap in earnings between men and women will involve changes in the labor market, in particular boosting flexibility in work hours, and not government intervention.
By Joseph Lawler | 01/05/14 02:28 PM
Wisconsin Gov. Scott Walker dismissed the White House's push to extend emergency unemployment benefits and raise the minimum wage Sunday morning, criticizing Democrats' all-out push for legislation as an effort to distract from the recent problems with the new health care law. "They want to...
By Joseph Lawler | 01/05/14 02:19 PM
Kentucky Sen. Rand Paul sharpened his rhetoric against the National Security Agency's snooping on American citizens Sunday, comparing the agency's programs to the British actions that provoked the American Revolution 230 years ago. "One single warrant should not apply to everybody who has a...
By Joseph Lawler | 01/05/14 02:09 PM
Immigration reform is dead? New York Sen. Chuck Schumer doesn't think so. Schumer, a leading Democratic voice on immigration, struck an optimistic tone on ABC's "This Week" Sunday "It's likely we will get immigration reform this year," he said. "There are large parts of the Republican Party,...
By Joseph Lawler | 01/05/14 02:02 PM
Gene Sperling, the director of President Obama's National Economic Council, said on NBC's "Meet the Press" that Monday "is the day that 1.3 million Americans go to their mailbox and find that the check that they'd been relying on to put food on their table, put gas in their cars to look for a new...
By Paul Bedard | 03/09/14
By Charlie Spiering | 03/09/14
By Joel Gehrke | 03/08/14
By Joel Gehrke | 03/08/14
By Philip Klein | 03/06/14