Jul 29 How Will New Fuel Efficiency Rules Affect Consumers? President Obama, flanked on stage by executives from the country's leading automakers, announced new fuel economy standards for cars and light trucks Friday that would double the current requirement to 54.5 miles per gallon (mpg) by 2025. The new rules… Continue reading
Jul 29 How the U.S. Racked Up $14 Trillion in Debt By Paul Solman A fascinating set of graphic debt data, courtesy of the New York Times. Meanwhile, amidst all the scare talk of a bond rate crisis, has anyone noticed that the bond market is rallying mightily… Continue reading
Jul 29 Tying the Debt to Jobs? Not So Fast Lincoln City, Ore., relies heavily on a tourism economy, which many business owners say is flat this year. Photo by Flickr user Anne S. Lucas. LINCOLN CITY, ORE. | Politicians like to make linkages. They like to take a… Continue reading
Jul 29 Senate Dems Slam New Boehner Plan, Ask McConnell for Help File photo by Alex Wong/Getty Images. Senate Democratic leaders angrily denounced House Speaker John Boehner's new debt-limit bill Friday, saying it was dead on arrival in the Senate, and called on Minority Leader Mitch McConnell, R-Ky., to help… Continue reading
Jul 29 Boehner Bill May Be Revived in House Several House Republicans exiting a closed door meeting in the basement of the Capitol Friday morning said that House Speaker John Boehner was altering his debt-limit bill in a way that would allow it to pass, just hours after House… Continue reading
Jul 29 Fancy a Pint? Brew Throughout the World By Paul Solman Photo by Flickr user hakaider. Has all the talk about the debt ceiling left you wanting to reach for a cold one? Or several? How likely are they to be drowning their sorrows elsewhere in the world? You might… Continue reading
Jul 29 Fancy a Pint? Brew Throughout the World Photo by Flickr user hakaider. Has all the talk about the debt ceiling left you wanting to reach for a cold one? Or several? How are they likely to be drowning their sorrows elsewhere in the world?… Continue reading
Jul 29 President Obama: 'Plenty of Ways Out of This Mess' EmbedVideo(1134, 482, 304); The morning after House Speaker John Boehner failed to secure enough support to hold a vote on his debt-limit plan in the House -- a measure that Senate Democrats and the White House had said… Continue reading
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