By Joseph Lawler | 04/18/14 03:45 PM
Long-time consumer advocate and perennial presidential candidate Ralph Nader predicts that bailed-out mortgage businesses Fannie Mae and Freddie Mac will survive legislative attempts to disband them.
By Joseph Lawler | 04/17/14 03:45 PM
The enormous bailout of the U.S. financial system at the height of the financial crisis in fall 2008 is on track to cost the federal government $27 billion, the Congressional Budget Office estimated in a report issued Thursday afternoon.
By Joseph Lawler | 04/17/14 11:20 AM
President Obama's budget would not place the federal debt on a downward path over the next 10 years, according to projections released by the Congressional Budget Office on Thursday. The CBO, Congress’ nonpartisan budget scorekeeper, projected that if the president’s proposals were to go...
By Joseph Lawler | 04/16/14 02:29 PM
In a speech at the Economic Club of New York on Wednesday, Yellen noted that the Fed's monetary policy committee's latest projections were for the unemployment rate to fall within the range of what officials think is full employment for the U.S. by the end of 2016, and for inflation to rise to...
By Joseph Lawler | 04/16/14 08:28 AM
Thomas Piketty is worried that advanced countries like the United States are headed toward a future in which the wealthy grow ever richer while economic growth stagnates, and he believes that something must be done to prevent this “patrimonial capitalism” from taking hold.
By Joseph Lawler | 04/15/14 09:31 AM
Inflation rebounded in March to 1.5 percent year-over-year, the Bureau of Labor Statistics reported Tuesday, in a development that will help allay fears that the economy is too weak to prevent ongoing disinflation despite the Federal Reserve's stimulus efforts. Headline inflation had slowed to...
By Joseph Lawler | 04/15/14 08:10 AM
President Obama has made it clear that the gender pay gap is at the top of his talking points heading into the months before the midterm elections, but his preferred solution isn't going anywhere, even as alternatives that might be viable go unexplored.
By Joseph Lawler | 04/14/14 12:14 PM
The Congressional Budget Office projected Monday that the federal deficit will fall to $492 billion for fiscal 2014. At just 2.8 percent of gross domestic product, that would be the smallest budget shortfall as a share of the economy since 2007, and a significant drop from last year's $680...
By Joseph Lawler | 04/14/14 06:34 AM
While members of Congress are out of Washington this week, the French economist Thomas Piketty will be visiting to spread ideas that could become influential both in the U.S. and around the world.
By Joseph Lawler | 04/13/14 12:10 PM
Former Health and Human Services secretary Kathleen Sebelius acknowledged in an interview aired Sunday that the Obama administration was "flat-out wrong" that the health insurance exchanges created by the new health care law would be ready on Oct. 1 of last year. Sebelius, who stepped down...
By Joseph Lawler | 04/13/14 11:43 AM
U.S. senator and likely 2016 Republican presidential candidate Rand Paul on Sunday criticized the recent suggestion of another possible GOP hopeful, former Florida governor Jeb Bush, that illegal immigration to the U.S. is an "act of love" rather than a felony. Paul said that Bush "might have...
By Joseph Lawler | 04/13/14 10:53 AM
United States Ambassador to the United Nations Samantha Power suggested Sunday that the Russian government is behind recent escalation of the crisis in Ukraine involving gunfights between Ukrainian government forces and Russian protesters. Powers said in an appearance on ABC that those clashes...
By Joseph Lawler | 04/13/14 10:45 AM
Democratic Congressional Campaign Committee Chairman Steve Israel said Sunday that Republican racial animus was to blame for several controversies dogging Congress and the White House.
By Joseph Lawler | 04/13/14 10:33 AM
Sen. Tim Scott declined to say that he will vote to confirm President Obama's nominee for health secretary Sunday morning, instead hinting that Republican senators will use the confirmation process to get the White House to clarify Obamacare sign-up numbers and other politically sensitive...
By Joseph Lawler | 04/11/14 05:25 PM
The so-called "Great Moderation" of low economic volatility between the mid-1980s and the financial crisis of 2008 was not as great as it seemed, and the future likely won't be as pleasant, according to President Obama's top economic adviser.
By Byron York | 04/22/14
By Joel Gehrke | 04/22/14
By Joel Gehrke | 04/23/14
By Ashe Schow | 04/23/14
By Ashe Schow | 04/23/14