This morning, President Barack Obama plans to officially announce that Elizabeth Warren — Harvard Law professor and the current head of the Congressional Oversight Panel over the Troubled Asset Relief Program — will head the Consumer Financial Protection Bureau.
[Congress1] Well, sort of. After months of will-he-or-won’t-he speculation by journalists, More…
The Obama administration released today its latest estimate of the economic cost of its moratorium on deepwater drilling in the Gulf of Mexico. And the numbers in the report indicate that the ban has less of an impact on the Gulf economy than was predicted by many opposed to the More…
Today, more than 300 economists and policy experts released a letter warning that “the still-fragile economic recovery will be undercut by austerity economics of the kind being pushed by conservative politicians and by the Deficit Commission.”
The group argues that President Obama and Congress should press for legislation More…
This morning, a little, wonky blog post is creating a lot of controversy. Economics of Contempt writes:
Here’s a scary thought: Let’s say the European sovereign debt crisis flares up again, and one or two Euro banks fail. (Not a bank like UBS or Deutsche Bank, but a medium-sized
The Obama administration released today a series of “sustainability plans” meant to meet the requirements laid out in a Oct. 2009 executive order that called for improved energy efficiency and a reduction of greenhouse gas emissions at government agencies.
Responding to an opinion piece by former director of the Office of Management and Budget Peter Orszag, President Obama plans to say during a speech in Cleveland that he opposes keeping the Bush tax cuts for individuals making more than $200,000 a year or households making more than $250,000 — More…
By now, the Obama administration has made clear it wants to ramp up the use of renewable energy, calling it a key to the nation’s leadership in the 21st century. And some in Congress are hoping to pass a federal renewable energy standard, requiring the production of more wind, solar, More…
This morning, President Obama addressed today’s Department of Labor report showing the unemployment rate rose in August to 9.6 percent. Obama focused on the improving private-sector job growth, but said that the report was not nearly good enough and that his administration is working on measures to boost More…
This morning, the Department of Labor announced that the unemployment rate climbed from 9.5 percent in July to 9.6 percent in August, as economy-wide lack of demand kept businesses from hiring new workers. Some economists expected a worse report, and the August data offers more evidence of a stall-out More…
From The New York Times this morning:
“As every student of American history knows, this country’s core founding principles included nonpunitive taxation, constitutionally guaranteed protections against persecution of the minority and an inexorable right of self-determination,” [one hedge fund manager] wrote.
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