Congress

Budget Battles

  • Dodd-Frank: Two Year Old Law Struggles to Walk

    By Josh Boak, The Fiscal Times

    At its two-year anniversary , the Dodd-Frank financial reform remains a work in progress: there are more than a hundred rules not yet finalized, deadlines blown by federal regulators, potentially...

  • Bernanke Grilled on Failure to Warn on LIBOR

    By Merrill Goozner, The Fiscal Times

    “What did you know and when did you know it?” That was the first question Senate Banking Committee chairman Tim Johnson, D-S.D., asked Fed Chairman Ben Bernanke during Tuesday’s semi-annual testimony...

  • Dems Play Hardball, Threaten a New Recession

    By Josh Boak, The Fiscal Times

    For months both parties have worried about the dangers of a year-end fiscal cliff when the Bush era tax cuts are set to expire and the defense budget and domestic programs will face tough automatic...

  • Bubbles and Bailouts: Why Some Economists Failed

    By Mark Thoma

    Economists have been criticized for their performance during the financial crisis, rightly at times, but not all of the criticism has been fair. It's true that macroeconomists, as a group, did not...

  • Pro-Romney Super PAC rakes in $20 million in June

    Pro-Romney Super PAC rakes in $20 million in June

    By Alina Selyukh, Reuters

    WASHINGTON (Reuters) - The "Super PAC" backing Republican presidential hopeful Mitt Romney saw its best fundraising month yet in June, raising some $20 million and by far outpacing its chief rival...