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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Congressional Deal May Doom Export-Import Bank to Slow Death
By Rob GarverThe deal being floated in Congress to approve a Continuing Resolution to fund the government and avoid another shutdown came with moderately good news for the Export-Import Bank of the United States...
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Dems Seek an Election Edge on Corporate Tax Inversions
By Rob GarverThe White House and Congressional Democrats are going to try to make the practice of corporate inversions – where U.S. firms relocate their headquarters overseas for tax purposes – a campaign issue...
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Markets’ Focus Moves from Jobs to the Fed
By Patti Domm, CNBCAfter a stunningly bad August employment report, traders will turn their focus in the week ahead to any jobs and consumer-related data that could help prove the weakest jobs growth in eight months...
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Markets’ Focus Moves from Jobs to Fed
By Patti Domm, CNBCAfter a stunningly bad August employment report, traders will turn their focus in the week ahead to any jobs and consumer-related data that could help prove the weakest jobs growth in eight months...
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Food Stamps Program Gets Boost from Lower Error Rate
By Jake Grovum, StatelineDespite a Great Recession-fueled expansion in food stamp rolls, the percentage of Americans mistakenly receiving too much or too little under the program is at an all-time low. In 37 states, error...