By Joseph Lawler | 10/10/13 01:29 PM
News of a possible Congressional deal to extend the debt ceiling led to an immediate jump in stock markets and boosted the price of Treasury bills Thursday.
By Joseph Lawler | 10/10/13 10:12 AM
Treasury Secretary Jack Lew appeared before the Senate Finance Committee on Thursday to warn lawmakers about the threat of economic disaster if the nation defaults and said there was no option but for Congress to raise the debt limit.
By Joseph Lawler | 10/09/13 04:23 PM
President Obama formally nominated Janet Yellen to be chairman of the Federal Reserve on Wednesday afternoon at the White House.
By Joseph Lawler | 10/09/13 11:49 AM
The Obama administration's effort to raise the alarm over the debt ceiling suffers from a "fuzziness problem," according to former White House adviser Austan Goolsbee.
By Joseph Lawler | 10/09/13 09:13 AM
It's not time to panic yet, but definite signs of worry among investors and consumers are starting to show up in the economic data. Here's the latest update to the Washington Examiner's economic dashboard, which displays key trends to watch as the shutdown drags on and the Treasury inches closer...
By Joseph Lawler | 10/08/13 08:18 PM
President Obama will announce Janet Yellen as his nominee to replace Ben Bernanke as chairman of the Federal Reserve system on Wednesday afternoon, White House officials said Tuesday evening. The 67-year old Yellen, the current vice chairman of the Fed, would become the first female leader of...
By Joseph Lawler | 10/08/13 01:49 PM
As the U.S. government edges toward economic chaos brought on by the congressional standoff over raising the debt ceiling, an unlikely solution keeps presenting itself: The Treasury minting a $1 trillion platinum coin. A provision in a law intended for making commemorative coins allows the...
By Joseph Lawler | 10/08/13 05:13 AM
President Obama and his advisers have insisted repeatedly that the only way to avoid a default is for Congress to raise the debt ceiling. Yet each time the clock starts ticking for lawmakers to vote to raise it or face a default, the question inevitably arises whether there is another way out.
By Joseph Lawler | 10/07/13 10:31 AM
It's up to Congress, not the president, to decide how large of an increase in the debt ceiling is needed, a top Obama economic adviser said Monday morning. That statement fills in a key detail regarding President Obama's debt limit strategy, which he has insisted will be to refuse to negotiate...
By Joseph Lawler | 10/07/13 08:49 AM
Until the government is funded and the debt ceiling is raised, Congress will be the center of economic news. Most analysts believe that the government remaining shut down through this week would only slight harm the broader economy. With most of the Department of Defense's workers heading back...
By Byron York | 12/09/13
By Byron York | 12/09/13
By Richard Pollock | 12/06/13