U.S. Treasury Secretary Jack Lew offered a gentler approach to China's proposed Asian Infrastructure Investment Bank (AIIB) Tuesday, saying "the U.S. stands ready to welcome new additions to the international development architecture."
There's an international policy matter on which the administration has been far too passive, and its inaction may be dooming the productive sector of the economy -- not to mention the American middle class -- to a fate it doesn't deserve. I can sum it up in two words: currency manipulation.
Sen. Schumer urged Congress to craft a stricter definition of inversion and enact a ban on "earnings stripping." Earnings stripping? You'll love this. Earnings stripping refers to a practice by which a foreign-based parent corporation loans large sums to -- wait for it -- itself.
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Has anyone thought that the current position of House Republicans on the debt-ceiling issue is really NOT a bluff? That it might be more than a short-term negotiating ploy?
We now have days not weeks to avoid a debt default. If Congress dishonors its "plighted faith," individual litigants will have no choice but to sue.
He was giving the White House talking point that "we won't negotiate over the debt ceiling" and Harwood was like, OK, but you will negotiate over the budget... why is it OK to negotiate over one but not the other?
Where these people will go after government is hard to predict, but the odds are pretty high that they will return to their corporate, and highly profitable, roots.
In the end Republicans folded in the filibuster debate because they preferred preserving the filibuster for another day than permanently losing an obstructionist tool they could continue to abuse. The same strategy will work for the debt-ceiling.
Lew was offered a $940,000 bonus from Citigroup if he could land a job in government. That's one hell of a carrot. And here he is interviewing for Geithner's job.
We all have skin in this game to maintain our liberties. It is an ironic turn of events that the very issue of inappropriate scrutiny of our liberties is now the focus of the IRS by the public, media, elected officials; even the ACLU has raised its head.
The love fest between Barack Obama and his top fundraiser Penny Pritzker that has led to her being nominated as Commerce secretary would not be so unseemly if they both just confessed that they did it for the money
This year, the New Deal turned 80. And those same New Deal programs championed by FDR, a Democrat, defined the bedrock of the American left political ...
Finally, there appears to be real alarm in the White House over Chinese cyberattacks. Here's what the president should be telling the American people.
During former Citigroup executive Jack Lew's recent confirmation as Treasury Secretary, some people were troubled to learn that the big bank had promised him special financial awards if he left to take a job in the government. But a review by POGO shows that Lew's deal with Citi was no anomaly.
Jack Lew is, by all accounts, a decent guy and dedicated public servant, but like so many of our recent treasury secretaries is so deeply immersed in the old boy nexus of Wall Street and government as to have little comprehension of how, in the midst of a soaring Dow Jones, so many millions struggle to make ends meet.