Martin’s Recent Stories
Nation Jun 10Trump complains about Fed’s policies and independence
President Trump made clear in an interview with CNBC his frustration with a system that provides political independence for America's central bank — something most economists see as vital to its credibility.
Economy Jun 07U.S. consumer borrowing rose $17.5 billion in April
Consumer credit is a key indicator of the willingness of households to increase borrowing to support consumer spending, which accounts for 70 percent of economic activity.
Economy Jun 04Powell hints Fed will cut rates if needed over trade wars
Powell's remarks helped drive up stock prices, with the Dow Jones Industrial Average ending the day up more than 500 points, or 2 percent.
Economy May 303 reasons why the U.S. economy may have already peaked for the year
The U.S. economy grew at a solid 3.1 percent annual rate in the January-March quarter — a pace that will likely prove to be the high-water mark for the year before growth weakens in the coming months.
Economy May 30U.S. economy grew at solid 3.1 percent rate in first quarter
Much of the gain in the first quarter of 2019 was based on temporary factors that will likely fade, leaving growth much slower in the current quarter.
Nation May 22Harriet Tubman $20 bill design delayed past 2020
Treasury Secretary Steven Mnuchin said the delay in unveiling a $20 redesign had been prompted by the decision to redesign the $10 bill and the $50 bill first for security reasons.
Politics May 22Mnuchin says he has no idea who wrote IRS memo on tax returns
Treasury Secretary Steven Mnuchin said he does not know who wrote a confidential Internal Revenue Service legal memo that says that tax returns must be given to Congress unless the president asserts executive privilege.
Economy May 21Fed Chair Powell sees ‘moderate’ risk from corporate debt
Fed Chair Jerome Powell said views about riskier corporate debt — known as leveraged lending — range from "this is a rerun of the subprime mortgage crisis" to "nothing to worry about here."…
Politics May 17Trump administration rejects subpoena for tax returns
Treasury Secretary Steven Mnuchin said in a letter that he will not comply with a subpoena from House Ways and Means Committee Chairman Richard Neal for six years of Trump's tax returns because the request "lacks a legitimate legislative purpose."…
Nation May 11States bring price fixing suit against generic drug makers
Attorneys general from more than 40 states are alleging the nation’s largest generic drug manufacturers conspired to artificially inflate and manipulate prices for more than 100 different generic drugs, including treatments for diabetes, cancer, arthritis and other medical conditions.