By Joseph Lawler | 10/21/13 08:47 AM
After “flying blind,” in the words of former Federal Reserve chairman Alan Greenspan, for three weeks without government economic data, lawmakers and businesses will get a backlog of reports this week, as releases that were delayed by the government shutdown are issued. Most importantly,...
By Joseph Lawler | 10/20/13 12:13 PM
Israeli Prime Minister Benjamin Netanyahu warned the U.S. on Sunday not to ease economic sanctions on Iran without ensuring the end of Iran's nuclear program, saying that Iran is "trying to get a partial deal that they know could end up dissolving the sanctions regime and would keep them with...
By Joseph Lawler | 10/20/13 11:41 AM
A debt ceiling standoff "can never happen again," warns Treasury Secretary Jack Lew. Speaking with David Gregory of NBC's "Meet the Press" the Friday after President Obama signed a bill lifting the debt limit and reopening the government, Lew called the standoff that preceded the vote to raise...
By Joseph Lawler | 10/20/13 09:50 AM
Florida Senator Marco Rubio endorsed Senate Minority Leader Mitch McConnell over his Kentucky Tea Party primary challenger Sunday morning, signalling a limit to the intraparty resentments following Republicans' failed effort to defund Obamacare throughout the government shutdown. Appearing on...
By Joseph Lawler | 10/17/13 05:08 PM
The budget crisis is over, for now, but the after-effects are yet to be sorted out. Early reports have been dire: Standard and Poor’s said in an analysis that the 16-day shutdown has already shrunk the U.S. economy by $24 billion.
By Joseph Lawler | 10/16/13 04:35 PM
The news of a congressional deal to raise the debt ceiling led to an immediate surge in stock and bond markets Wednesday morning as the threat of default was defused.
By Joseph Lawler | 10/16/13 12:02 PM
Almost alone among economic indicators, consumer confidence has plunged during the government shutdown and as the possibility of a default nears. The economic confidence index updated daily by Gallup has fallen steadily since the summer and dramatically since the shutdown began two weeks ago....
By Joseph Lawler | 10/16/13 10:53 AM
Contrary to widespread perception, Thursday is not a hard deadline for raising the debt ceiling. The U.S. will not default on Treasury debt or any other obligations on Thursday. But Treasury Secretary Jack Lew says Thursday is the last day the Treasury can guarantee that there won't be a default.
By Joseph Lawler | 10/15/13 07:18 PM
Republicans are trying to restrict the Treasury's ability to maneuver under the debt ceiling with a provision that could, counterintuitively, have the effect of reducing the possibility of a default in the future. House Republicans are considering legislation to raise the debt ceiling and fund...
By Joseph Lawler | 10/15/13 05:32 PM
Fitch Ratings placed U.S. credit on negative watch Tuesday, sending a message to lawmakers that the nation's debt limit must be raised soon to maintain the nation's AAA credit rating. The ratings agency faulted the country's "political brinkmanship" for the possible downgrade, even though it...
By Paul Bedard | 12/12/13
By Brian Hughes | 12/12/13
By Charles Hoskinson | 12/12/13
By David Freddoso | 12/13/13
By Philip Klein | 12/11/13