Budget Battles
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Republicans Want Strings Attached to California Disaster Aid
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Biden Goes Out With a Bang in the Jobs Market
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Trump Privately Pushes Senators for ‘One Big, Beautiful Bill’
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Trump Considers Declaring National Emergency for Tariff Rollout
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Trump Unloads: Grievances, Greenland and the Gulf of Mexico
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Republicans Divided Over How to Pass Trump’s Agenda
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Trump Pushes Johnson to Victory as Speaker
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Will Trump Try to ‘Overrule’ Monetary Policy?
By Mark ThomaHow will the Federal Reserve evolve during Donald Trump’s term as president? Presently, three of the seven positions on the Federal Reserve Board are vacant. These vacancies, along with the...
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Why the Treasury Is Ending a Low-Income Retirement Saving Program
Less than two years after the Obama administration rolled out a myRA, a savings program aimed at helping the millions of Americans without access to a retirement account through work, the Trump...
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Will Janet Yellen Give Wall Street a Scare?
For years, the Federal Reserve has been unable to convince the market it's serious about aggressively tightening policy. Janet Yellen and her cohorts have been guilty of "crying wolf," constantly...
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Is the Fed About to Wage War on the Rich?
For years, stocks have been driven relentlessly higher thanks to a single statement that summarized the aggressive central bank largesse since the eurozone crisis flared up in 2012: Policymakers...
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Is the Fed Fighting the Trump Rally?
The evidence is growing that the Federal Reserve’s policymakers are actively working to lean against the stock market's rise, a dramatic reversal from the years of policy support stock market bulls...
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The Fed’s Big Mistake: Rate Hikes Hurt US Workers
By David DayenProtesters rallied in Washington, New York City and Philadelphia yesterday against an imminent government action that would damage the financial prospects of ordinary workers. And no, it had nothing...
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The Fed, the Reality of Tax Cuts, and Donald Trump
By Mark ThomaFor many years, Republicans argued that tax cuts for the wealthy pay for themselves. Cutting taxes on the wealthy, according to Republicans, allows them to keep a larger share of anything new they...
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Will Unwinding the Fed’s $4.5 Trillion Balance Sheet Kill the Bull Market?
Over the last decade, investors have grown accustomed to a Federal Reserve that constantly coddled them, allayed their fears and did everything possible to support the financial markets and asset...
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The Key to This Market: Here’s What Will Determine if Stocks Rise or Fall
For now, instead of putting pressure on risk assets, the Fed's newfound hawkishness is bolstering the reflation trade by lifting the dollar higher and attracting global capital into U.S. assets. Same...
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Can Wall Street Handle Higher Interest Rates?
The Federal Reserve just raised interest rates for the second time in three months, signaling a dramatic quickening of its prior pace. For the first time in more than a decade, Fed policymakers are...
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CBO Sees $977B Deficit Under Obama Budget
By ReutersThe deficit for the next fiscal year would reach $977 billion if President Barack Obama's latest budget plan were enacted, the Congressional Budget Office said on Friday, slightly higher than the...
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Real Recovery: America’s Debt is on the Decline
By Merrill Goozner, The Fiscal TimesThe U.S. is now in its fourth year of deleveraging in the wake of the 2007-08 credit collapse. And while there are growing signs that the process has reached the point where consumers can start...
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The High Cost of Low Interest Rates
By Bruce Bartlett, The Fiscal TimesOn Tuesday, the Federal Reserve announced that it would continue its policy of exceptionally low interest rates for at least another two years. It believes that this is a policy that will be most...
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Former Top Dem Officials Urge Action on Deficit
By Merrill Goozner, The Fiscal TimesFormer Federal Reserve Board chief Paul Volcker and former Treasury Secretary Robert Rubin on Wednesday joined the chorus of voices giving Congress and the White House about five months after the...
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Most U.S. Banks Pass Stress Tests
By Jonathan Stempel, ReutersThe majority of the largest banks passed the Federal Reserve's annual stress test, the central bank said on Tuesday, while also allowing JPMorgan Chase & Co, Wells Fargo, U.S. Bancorp and others...