Financial Investment Risk Consultant | Lawrence McDonald
Financial & Economic Consultant | New York Times Bestselling Author
Courtesy of DC Tripwire Major Actions This Week: White House On Wednesday, President Obama and Vice President Biden hosted experts at the White House to focus on what can be done to encourage businesses to keep jobs and investment in the United States. On Friday, the President announced a plan to merge the Commerce [...]
The banks around the world are being surpressed by this interbank lending problem, says Larry McDonald, Newedge. “Economic indicators really haven’t alleviated which tells you that the actions [the ECB is] taking are making some progress but not a lot of progress otherwise equities would be higher,” he adds. Chris Sheldon, The Dreyfus Corp., also [...]
Article By Richard Rubin, Bloomberg The U.S. House of Representatives rejected a two-month extension of an expiring payroll tax cut, escalating a clash with the Senate and President Barack Obama that may result in smaller paychecks for workers in January. In a 229-193 vote, the House requested formal negotiations on a payroll tax cut extension [...]
Article By Zeke Faux and John Detrixhe, Bloomberg Four months after Standard & Poor’s stripped the U.S. of its AAA credit rating and said the world’s biggest economy was no longer the safest of borrowers, dollar- denominated financial assets are doing nothing but appreciating. Government bonds have returned 4.4 percent, the dollar has gained 8.6 percent [...]
Article By Richard Cowan and Rachelle Younglai, Reuters The Senate overwhelmingly passed the legislation by a vote of 89-10. It is expected to be voted on by the House of Representatives next week, and if approved, will then go to Obama for his signature. The measure also would extend long-term unemployment benefits for another two [...]
Courtesy of DC Tripwire Major Actions This Week: White House On Monday, President Obama hosted Iraqi Prime Minister Nouri al-Maliki at the White House to discuss the end of the war in Iraq. On Tuesday, the President conducted interviews with local television anchors from across the country about the end of the war in Iraq, [...]
Article By Thomas Ferraro and Richard Cowan, Reuters The United States on Wednesday faced the prospect of an imminent government shutdown for the third time this year as a year-end fight between Republican and Democratic lawmakers in Congress over taxes and spending turned nastier. Democrats, led by President Barack Obama, are refusing to sign off [...]
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