The most disturbing thing of all about the QE3 from the Fed, is the governors seem to be taking action in the face of mounting evidence of strong secular headwinds opposing their QE actions and risk taking. Read More
Washington Week Ahead: January 30th–February 3rd
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 [...]
Washington Week Ahead: January 23rd-27th
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 [...]
Disapproval of Congress Hits New High: Poll
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 [...]
Washington Week Ahead: January 16th-20th
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 [...]
Washington Week Ahead: January 9th-13th
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 [...]
Video: Should U.K. Focus on Economic Relationship with U.S., Not Eurozone?
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
Senate Passes Two-Month Payroll Tax Cut Extension
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 [...]
Washington Week Ahead: Dec. 19th – 23rd
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, [...]
Census Bureau: 1 in 2 Americans are Poor or Low-Income
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 [...]
