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Politics Articles
ThinkstockAfter months of wrangling, disagreement and partial compromise, Greece does not have the money it needs to avoid default. The Greek government claims it has gone along with all the...
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ThinkstockThe Bureau of the Public Debt reported that Americans made total contributions of $7.7 million in 2012 to the U.S. government to reduce debt held by the public. The same organization put...
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thinkstockPositive comments following a meeting this morning between President Obama and Congressional leaders from both political parties lifted equity prices after another morning of market...
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ThinkstockThe mess that the U.S. Postal Service has become may be beyond solution, if the only rescue rests on borrowing from the Treasury and sharp cutbacks in staff and retiree health care...
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Jon OggThe U.S. Postal Service is supposed to be its own business outside of taxpayers. It even calls itself a self-supporting government enterprise. If it was a true business and not under the...
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ThinkstockIn remarks at an economic conference in West Virginia, Richmond Fed President Jeffrey Lacker reviewed the role of monetary policy as he sees it and the role the Fed plays in implementing...
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ThinkstockThe federal budget deficit rose 22% in October to $120 billion, compared to the same period last year. Most analysts believe that the figure makes it almost certain that the annual deficit...
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thinkstockThe federal budget deficit widened out nominally in October and was wider than expectations for the first month of the government’s fiscal year. A monthly report from the Treasury...
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thinkstockAs hard as it seems to be to believe, the crisis in Greece continues, and may have gotten worse. The nation’s parliament has voted through an extreme austerity budget that was to be the...
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ThinkstockPoliticians and economists continue to try to figure out what effects the fiscal cliff will have on consumer spending and business activity as a possible recession looms. Even if there is a...
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ThinkstockThe most widely covered story by the financial press, and perhaps the news media in its entirety, between now and year’s end will be the war between the president and Republicans in...
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Warnings about the negatives effects of the fiscal cliff continued one day after the election, and comments from both Republicans and Democrats which indicated each was open to budget and tax...
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thinkstockYesterday’s election results did, indeed, have an affect on the price of crude today, but not enough to send WTI down nearly 5% shortly before the market closes. Or enough to send Brent...
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ThinkstockThe fear-trade after the election is driving gun stocks higher. The logic is simple, even if it is more than up for debate. Those favoring guns tend to buy up guns if they fear that future...
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thinkstockHis reelection behind him, President Obama can worry about his legacy, which is a priority of most second-term leaders. He can admit to himself now that he will not be remembered...
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