By Nicole Gelinas | 11/22/13 09:05 AM
In July 2010, four months after President Obama signed his universal health care act into law, he enacted his other signature achievement, the Dodd-Frank financial reform law. Although it hasn't gotten as much attention, Dodd-Frank is as flawed in its own way as Obamacare, with a similar...
11/22/13 08:57 AM
(dealbook.nytimes.com) A tax proposal released on Thursday by the chairman of the Senate Finance Committee, Max Baucus, addresses a topic that tends to make my students’ eyes glaze over: cost recovery.
11/22/13 06:30 AM
WASHINGTON (AP) — Eager to draw contrasts with Republicans, the White House is pushing its economic agenda as it attempts to give Democrats something to talk about other than the troubled health care rollout. The White House is deploying Vice President Joe Biden and Cabinet members across the...
By Charlie Spiering | 11/21/13 03:54 PM
White House Deputy Press Secretary Josh Earnest announced Thursday that President Obama would travel to California next week for a speech about the economy at DreamWorks Animation. "The American motion pictures and television industry is a growing industry and continues to create thousands of...
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 Christopher S. Rugaber | 11/21/13 09:39 AM
WASHINGTON — The number of people applying for U.S. unemployment benefits fell 21,000 to a seasonally adjusted 323,000 last week, the lowest since late September and further evidence of an improving job market. The Labor Department said Thursday that the less volatile four-week average fell...
By Associated Press | 11/21/13 09:33 AM
NICOSIA, Cyprus — Cyprus' biggest private university said Thursday it will start accepting the digital currency Bitcoin as an alternative way to pay tuition fees.
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 Byron York | 12/09/13
By Byron York | 12/09/13
By Richard Pollock | 12/06/13
By Byron York | 12/08/13