Lawrence McDonald

Courtesy of DC Tripwire Major Actions This Week: White House On Thursday, President Obama hosted Italian Prime Minister Mario Monti at the White House to discuss market confidence in Europe and NATO issues. Also on Thursday, a $25bn settlement was announced between state attorneys general, the federal government, and the five largest loan servicers relating [...]

Courtesy of DC Tripwire Major Actions This Week: White House ·         On Wednesday, President Obama is expected to give remarks on the economy during a speech in northern Virginia. Senate ·         On Wednesday, Senate and House conferees will meet to consider the payroll tax/unemployment insurance/”doc fix” extension (HR 3630). House ·         Next week, the House [...]

Courtesy of DC Tripwire Major Actions This Week: White House On Wednesday, the Obama Administration announced that they would not approve the Keystone XL pipeline. Yesterday, President Obama traveled to Orlando, FL, to announce his initiative to promote tourism in the U.S. as a part of his “We Can’t Wait” campaign of executive actions. Senate [...]

Article by JoAnne Ellen, Reuters A record 84 percent of Americans say they disapprove of the way the Congress is doing its job compared with just 13 percent who approve of how things are going, according to a Washington Post/ABC News public opinion poll published on Monday. The disapproval rating for Congress inched up two [...]

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 [...]

Courtesy of DC Tripwire Major Actions This Week: White House On Wednesday, President Obama announced the recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau. Also on Wednesday, the President announced three recess appointment to fill the remaining seats of the five-person National Labor Relations Board. On Thursday, President Obama and Defense [...]

Newedge Senior Director Larry McDonald and Euro Pacific Capital Senior Market Strategist John Browne on efforts to boost the housing market and the close economic and cultural ties between the U.K. and U.S. Watch the latest video at video.foxbusiness.com

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 Hope Yen, Associated Press Squeezed by rising living costs, a record number of Americans — nearly 1 in 2 — have fallen into poverty or are scraping by on earnings that classify them as low income. The latest census data depict a middle class that’s shrinking as unemployment stays high and the government’s safety net [...]