Jul 29 Decision to Delay Debt Vote Produces Only Losers House Speaker John Boehner arrives at the Capitol on Friday morning. Photo by Chip Somodevilla/Getty Images. Thursday night's decision by Republican leaders to scrap a vote to raise the debt ceiling dealt House Speaker John Boehner a stunning… Continue reading
Jul 29 Vote Delay on Boehner Plan Adds Uncertainty to Debt Ceiling Endgame House Republicans failed to secure the support necessary to pass Speaker John Boehner's debt-limit increase plan Thursday night, forcing the GOP leadership to delay a vote on the measure as the United States inches toward its borrowing limit Aug. Continue reading
Jul 29 Watch Economic Data Show U.S. Growth Slowing Considerably In other news Friday, new economic data released show U.S. growth is slowing considerably. The Commerce Department reported the economy expanded at a rate of 1.3 percent in the second quarter, far below expectations. Also, President Obama announced that fuel… Continue watching
Jul 28 Watch Lagarde Warns Dollar Could Decline if U.S. Debt Deal Not Reached Lagarde Warns Dollar Could Decline if U.S. Debt Deal Not Reached… Continue watching
Jul 28 Lagarde Warns Dollar Could Decline if U.S. Debt Deal Not Reached By Larisa Epatko The International Monetary Fund's managing director Christine Lagarde said Thursday in a PBS NewsHour interview that if U.S. lawmakers can't reach an agreement on the debt ceiling, one of the global impacts could be a loss of confidence in the… Continue reading
Jul 28 Obama Preps Emergency Plan if Debt Deadline Passes With No Deal With six days left before the debt ceiling deadline arrives, there will be no shortage of reporters trying to glean intelligence from President Obama's closed-door meeting with Treasury Secretary Tim Geithner Thursday afternoon. But there's one thing the… Continue reading
Jul 28 Speaker Boehner Faces His Biggest Test House Speaker John Boehner, R-Ohio, is questioned by reporters in the Capitol on Wednesday. Photo By Tom Williams/Roll Call. When the House of Representatives votes on Speaker John Boehner's plan to cut the deficit by $917 billion over… Continue reading
Jul 27 Watch Stakes High at Start of UAW-Big 3 Talks, But ‘Both Sides Want This to Go Well’ Detroit's Big 3 Carmakers, UAW Start Labor Talks… Continue watching
Jul 27 Watch How to Succeed in Business by Really, Really Trying Is the aptitude for business (the legal kind) distributed among convicted criminals as it is in the general population? One seasoned executive thinks so, and believes that by hiring the cream of the ex-con crop, his company will have a… Continue watching
Jul 27 China’s Communism and Capitalism: The New Yin Yang? By Paul Solman The short third installment of Yoram Bauman's vlog from China is well worth the watching, highlighting the tension between the "official" China and what's really going on there. Communist Party founder Mao AND $300,000 Porsche's? Yoram asks. "Do… Continue reading