New committee member Sen. Jeanne Shaheen (D-N.H.) asks what the State Department can do to bolster its role in international economics. Clinton: “Obviously Treasury has a huge role to play, but so does the State Department” — like on climate change, energy security and “the meltdown of the international economic More…
In the face of the deepening financial crisis and the largest Wall Street swindle in history, President-elect Barack Obama acted swiftly to fill three key economic posts. He announced his appointments at a press conference this morning in Chicago.
“The regulators who were assigned to oversee Wall Street dropped More…
Building on Laura’s recent piece about progressives finding a foothold in the Obama White House — if not necessarily the administration as a whole — Joe Biden just announced his chief economics adviser will be the progressive Jared Bernstein of the progressive Economic Policy Institute. No one really knows More…
It looks like Wal-Mart is being forced to scale back expansion due to the struggling economy. That means it’s also being forced to scale back its help in perpetuating the absurd amount of suburban sprawl that the superstore has relied on since its birth. But not by all that More…
The announcement that Paul A. Volcker is a key economic adviser to Sen. Barack Obama – cited by the Democratic presidential nominee during the last debate and appearing with him at a campaign event in Florida last week — was met with surprise in some More…
Via Angry Bear, here’s Joseph Stiglitz, the Nobel prize-winning economist, on Treasury Sec. Henry Paulson Jr. celebrating the bailout plan he presented to Congress, which was revised in marathon negotiations this weekend:
The champagne bottle corks were popping as Treasury Sec. Henry Paulson announced his trillion-dollar bailout for the
Sen. Barack Obama ripped into his Republican rival today for undermining American workers and prioritizing a foreign corporate agenda over domestic manufacturing.
“Ask the workers across this country who have seen their jobs outsourced!” Obama told a gathering of Florida Machinists in a satellite address. “The very companies that shipped More…
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