The small band of Tea Party radicals wields its power because most other Republican members of Congress are cowed by the primary threats if they do not adhere strictly to Tea Party dictates. Speaker John Boehner (R-OH) has had his life as speaker made miserable by this dynamic.
In 2014, the Chinese economy became the No. 1 economy in the world, followed by the European Union and the U.S. The U.S. is now considered to be the third largest economy in the world.
For years, pundits have debated about the timing of a rise in interest rates, pouring over the Federal Reserve Minutes and analyzing every new comma in the press releases.
At the stroke of midnight, March 16, 2015, the debt ceiling was again breached. The Treasury Department has begun "extraordinary measures" to forestall the certain default. Jack Lew must rob Peter to pay Paul.
We should have until September before the Debt Ceiling debate starts making headlines again. If there is a backdoor deal, there will be an uneasy calm, and relief, on Wall Street. If the debate heats up, then volatility is likely to roil the markets.
The popular Netflix series, House of Cards, perpetuated the myth of a finite money supply with this weekend's release of Season 3. But if President Underwood really wanted to stimulate the economy, he'd have a plan in mind.
Though Democrats ultimately won this battle without making any concessions, there will be other opportunities for the GOP to pick a fight. One is the upcoming raising of the debt ceiling.
he president likes to talk a good game. He continues to propose these new plans that he claims will strengthen the American economy, reduce our debt and give the middle class a boost. But what he fails to do is consider the fiscal consequences these plans carry.
Barack Obama seems ill-equipped by temperament and character to fight that battle. Too often, the Republicans have been rewarded rather than punished for disgraceful behavior.
In the conduct of today's Republican Party, we can see a pattern of destructiveness. It displays an insatiable lust for power and wealth, an impulse to prey upon the vulnerable, a preference for conflict over cooperation, a persistent dishonesty, and a willingness to sacrifice the greater good for selfish advantage.
Please refrain from stealing any office supplies when you leave. First of all those things are the property of the American taxpayer and secondly the baboons we replace you with might actually need them.
You could really argue that having credit card debt in the first place is a mistake. However, credit cards can be a great financial tool as long as they are used responsibly. Think before you charge.
For the second month in a row, President Obama had an all-around positive month in the public polls. His job approval average was up, his job disapproval was down, and he has almost completely recovered from the dip his numbers took after the Obamacare website rollout fiasco.
So whether this movement is called "populist" or "Progressive" or plain old "liberal," what matters is that it is starting to see success in its efforts to ensure that the well-being of the People becomes our leaders' first and foremost priority again, and not that of the handful of self-indulgent corporatists.
Plenty of worry for the famous wall that markets often climb, but no Armageddon's on the horizon. Maybe we can get back to "normalcy" after all, even with increased market "volume" more to the upside.
House Republicans were so extreme that they forced Boehner to choose between political suicide -- as the American people would have overwhelmingly blamed Republicans had we defaulted -- and essentially turning the Congress over to Democrats, at least on this issue.