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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Deal or No Deal, the U.S. Has Its Eye off the Ball
By Lawrence Summers, ReutersThis month Washington is consumed by the impasse over reopening the government and raising the debt limit. It seems likely that this episode, like the 1995-96 government shutdowns and the 2011 debt...
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No Deal Yet: Obama Rejected the GOP's 6-week Proposal
By LORI MONTGOMERY and ROSALIND S. HELDERMAN and WILLIAM BRANIGIN, The Washington PostPresident Obama is rejecting a key element of House Republicans’ latest proposal to extend the federal debt ceiling, opposing a linkage between a short-term increase and negotiations on the budget,...
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Down to the Wire: Will There Be a Deal This Weekend?
By Josh Boak, The Fiscal TimesThe state of the government shutdown (and possible default) is in limbo, as pessimism began to give way on Friday to that rare combination of hope and uncertainty . After weeks of a tense showdown,...
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Relief from Debt Ceiling Disaster Doesn’t Mean a Deal
By Josh Boak, The Fiscal TimesHouse Speaker John Boehner proved that he sincerely intends to avoid a government default, floating a plan Thursday to extend the debt ceiling for six weeks. It’s a positive sign that the economic...
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5 Years After the Crisis: Why the Income Gap Is Widening
By Andrew Fieldhouse, The Fiscal TimesWhile the tumult of the Great Recession brought deserved attention to societal inequities and an economic model that has been failing far too many, this disparate recovery (or lack thereof) is itself...