Economy
Treasury Secretary Says Deficit Cuts Do Not Constitute an Economic Policy
Jacob Lew the Secretary of the Treasury said on Tuesday that lowering the deficit in the country should not overshadow how it important the need is to boost the country’s economic growth and the creation of jobs. Lew said as important as it was to lower the deficit it cannot be a guiding star. Just [...]
Challenges and Opportunities Face the Future of the Middle East
Economic news in the Middle East revolves around the price of oil and natural gas and the turbulent politics of the region. Despite the lowering of the price of oil, civil war in Syria, the aftermath of the Arab Spring elsewhere, economic optimism has returned to the region. With the price of oil expected to [...]
Obama Sends Budget to Congress
Bipartisan broadsides came at President Obama after he handed Congress his budget proposal for 2014 on Wednesday. The White House’s intent was to please both Republicans and Democrats yet it succeeded in angering both. The spending plan of $3.77 trillion, which is two months late being delivered to Congress, attempts to curb the deficits by [...]
Congress Passes Budget Bill to Avert Fiscal Crisis
The House showed a surprising bipartisanship when it passed a short-term budget bill that was designed to fund the government through the end of September. They passed the measure six days before the federal government is set to shut down. The bill was passed in a bipartisan vote of 318-109. It originated in the House [...]
Obama Urging Lawmakers to stop Sequester
The clock is ticking towards March 1 for the automatic spending cuts to start. President Barack Obama is urging Congress to find an alternative plan in order to stave off the huge cuts. Obama, says White House officials, will point out the negative effects the sequester – $1.2 trillion in cuts over 10 years - [...]
Obama Lays Out Economic Plan
President Barack Obama spoke at a factory floor of a recently reopened vehicle parts plant in North Carolina. The president is on his three day tour to promote his priorities after he gave his State of the Union Address. Republicans opposed his ideas. President Obama has a wide range of goals for his second term. [...]
Obama Warns Sequester Could Hurt Middle Class
During his weekly address on Saturday, President Obama warned that the sequester could hit the middle class hard and the economy as a whole. He urged Congress to come up with a compromise to avert the automatic cuts of over $85 billion. Obama said the families in the middle class should not be made to [...]
Finance and Banking among Least Trusted Industries
Financial services and banks were the least-trusted industries last year. This was according to the survey made by public relations firm Edelman’s annual survey. 46 percent of US respondents said they trusted the financial services industry and 41 percent said that they trusted banks in 2012. The perception of the financial and banking industries improved [...]
Crisis Signs Overlooked by Federal Reserve
Newly released transcripts show that Federal Reserve officials, including the Chairman Ben Bernanke, largely overlooked the financial crisis in 2007 as it hurtled its way toward the economy in the U.S. like a runaway freight train. Even while officials at the Federal Reserve were worrying about the financial markets and more and more evidence was [...]
Trillion Dollar Coin Talk Abuzz in Washington
People have been taking about the trillion dollar coin, which is said to be a legal solution to the nation’s debt ceiling problem. The proposal came from economics and business blogs and has a slim chance of being implemented by the White House. Yet it has received a lot of attention and garnered new controversy [...]
Obama gives African-Americans a bad name. He's also done little for them - Black unemployment is higher during Obama's presidency ...
This was NOT BNP Paribas the bank, rather a small euro chop chop called EXANE BNP Paribas...no connection. Your facts ...
You d*** great the d*** stock but did you even put a reason why you just on a bunch of ...