By Joseph Lawler | 11/25/13 09:03 AM
One major economic development to watch is the fallout of last week's decision by Senate Majority Leader Harry Reid to deploy the "nuclear option" for nominees. The result will be that President Obama will need only 51 Senate votes for his nominees for executive branch and judicial positions.
By Joseph Lawler | 11/21/13 11:17 AM
Janet Yellen cleared a key hurdle to becoming the next chairman of the Federal Reserve on Thursday morning, receiving approval from the Senate Banking Committee. But Sen. Joe Manchin, D-W.Va., voted no, possibly complicating Yellen's bid for confirmation in the full Senate, which is...
By Joseph Lawler | 11/20/13 03:01 PM
Minutes from the Oct. 29-30 meeting of Federal Reserve officials indicate that they are considering a variety of ways to reduce the central bank's bond-buying program without withdrawing stimulus, including by cutting the rate the Fed offers on reserves.
By Joseph Lawler | 11/20/13 11:47 AM
Sen. Bob Corker, R-Tenn., announced his support for Janet Yellen's candidacy for Federal Reserve chair Wednesday morning, likely ensuring that Yellen will have enough Senate votes to win confirmation. Corker's decision signals the beginning of the end of an unusually high-profile and...
By Joseph Lawler | 11/20/13 10:20 AM
Inflation slipped in October for the first time in months as falling gasoline prices pulled down overall consumer prices. The Labor Department reported Wednesday morning that the Consumer Price Index fell 0.1 percent in October, the first decline since April. Year-over-year inflation, as...
By Joseph Lawler | 11/19/13 08:12 PM
With only a few more public appearances left as chairman of the Federal Reserve, Ben Bernanke is trying to ensure that the stimulus he’s put in place comes to a smooth finish, whether on his watch or his successor's.
By Joseph Lawler | 11/19/13 05:51 PM
The digital payment system Bitcoin has seen massive price swings in the past few days as the Senate homeland security and banking committees have held hearings to examine its rise. Given that the price of one Bitcoin late Tuesday afternoon is six times higher than it was at the beginning of...
By Joseph Lawler | 11/19/13 12:05 PM
“I think the whole idea of debt limit reform is something we probably should think about,” Lew said Tuesday, citing the damage to consumer and business confidence that followed this year's and 2011’s political showdowns over raising the statutory cap on U.S. debt.
By Joseph Lawler | 11/18/13 07:35 PM
Monday was a day of successes for the digital payments system Bitcoin as its value soared and it gained a cautious green light from federal regulators. The price of a Bitcoin soared to nearly $680 after an afternoon hearing before the Senate homeland security committee focused on digital...
By Joseph Lawler | 11/18/13 09:24 AM
Congress will turn its attention to the digital currency Bitcoin this week just as its value explodes. The price of a Bitcoin in dollars has jumped from around $200 at the beginning of the month to near $600 now. Some observers thought that the fledgling cryptocurrency could be in trouble in...
By Charlie Spiering | 12/04/13
By Joel Gehrke | 12/03/13
By Paul Bedard | 12/04/13
By Timothy P. Carney | 12/05/13
By Paul Bedard | 12/05/13