by Jane Richey | Jan 11, 2013 | Fiscal Responsibility, Politics
As chief of staff, Lew was a central player in two failed attempts at a grand bargain on deficit reduction with House Republicans. The first effort came as the government negotiated raising the debt ceiling in August 2011, and the second took place last month as the...
by Jane Richey | Jan 11, 2013 | Fiscal Responsibility, Politics
Housing rules unveiled by the administration’s new consumer watchdog agency on Thursday would insert the government into the housing market in a manner unseen for decades. The set of regulations unveiled by the 18-month-old Consumer Finance Protection Bureau...
by Jane Richey | Jan 10, 2013 | Constitutionally Limited Goverment, Fiscal Responsibility, Politics
The chief executive of the U.S. Chamber of Commerce on Thursday said the “exploding national debt” is the greatest threat to the U.S. economy. U.S. Chamber chief Tom Donohue called for Washington to reach a broad deal to rein in deficits in the coming months, while...
by Jane Richey | Jan 10, 2013 | Fiscal Responsibility, Politics
The Pennsylvania Turnpike Commission lost at least $109 million in risky interest investment moves, Auditor General Jack Wagner says. The state’s fiscal watchdog said Tuesday the loss of taxpayer money in risky interest rate swap arrangements was only one part of a...
by Jane Richey | Jan 10, 2013 | Agenda 21, Constitutionally Limited Goverment, Free Markets, Politics
Ethanol and biofuel mandates in the U.S. and Europe are fueling rising hunger in Guatemala, which now has the fourth-highest rate of child malnutrition in the world — higher than in many less developed countries in Africa: With its corn-based diet and proximity to the...
by Jane Richey | Jan 9, 2013 | Fiscal Responsibility, Politics
White House Press Secretary Jay Carney on Wednesday did not specifically rule out the possibility of minting a $1 trillion coin, even as he told reporters that the White House has no backup plan for dealing with the debt ceiling if Congress refuses to act. “There is...
