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 Joseph Lawler | 11/15/13 06:53 AM
Ilya Shapiro for Cato at Liberty: It's very expensive to visit many cities in the United States. New York City is perhaps the most expensive, not only because of the finite space in such a densely populated city, but because of numerous taxes on lodging and regulations like rent control that...
By Joseph Lawler | 11/14/13 07:27 PM
A report from the Government Accountability Office released Thursday finds that the Federal Reserve offered banks bailout loans at below-market interest rates during the crisis, and that the central bank hasn't moved to finalize the regulations it is required to implement to avoid such bailouts...
By Joseph Lawler | 11/14/13 01:20 PM
With the rest of Washington focused on a health care speech from President Obama, Janet Yellen appeared before the Senate Banking Committee Thursday morning for a hearing on her nomination to be Federal Reserve chairman.
By Joseph Lawler | 11/14/13 10:36 AM
The U.S. government has saved more than $1 trillion in debt since 2007 because of the actions taken by the Federal Reserve to stimulate the economy, a new report from the McKinsey Global Institute finds. By keeping short-term rates near zero and engaging in large-scale asset purchases known as...
By Joseph Lawler | 11/14/13 05:32 AM
As a star economist and vice chairman of the Federal Reserve since 2010, Janet Yellen had a compelling claim to succeed Ben Bernanke as Fed chairman. But it was political machinations that led to her nomination for the top job.
By Joseph Lawler | 11/14/13 05:13 AM
Is tapering tightening? Janet Yellen may not get that question in those exact words at her confirmation hearing Thursday, but it is one she will have to answer successfully to succeed if she is installed as the chairman of the Federal Reserve early next year.
By Philip Klein | 12/05/13
By Richard Pollock | 12/06/13
By Michael Barone | 12/06/13
By Timothy P. Carney | 11/26/13
By Byron York | 12/08/13