iOS app Android app

Tim Geithner

If the President Won't Do Something About Jobs, Who Will?

Richard (RJ) Eskow | Posted 08.10.2011 | Politics
Richard (RJ) Eskow

For reasons we can't know, the administration has embraced deficits over putting America back to work. It will continue down this path until its friends and its critics come together and demand that it stop.

When Will Obama Sound the Alarm About Jobs?

Jeff Madrick | Posted 08.09.2011 | Business
Jeff Madrick

The American economy needs more stimulus, an outright jobs-creating program, and tax incentives to keep jobs here. As far as I can see, Washington just thinks we will blithely grow our way out of the ongoing malaise.

Job Openings And Hiring Rate Fell In April, Labor Department Finds

Posted 08.07.2011 | Business

WASHINGTON (Pedro Nicolaci da Costa) - Job openings were harder to come by in April as private-sector hiring ebbed, more evidence that the labor m...

The Heroes Are Really Zeroes in HBO's Too Big To Fail

ProPublica | Posted 07.25.2011 | Business

Too Big To Fail isn't the story of how the Three Musketeers (Paulson, Bernanke, and Geithner) saved the global economy. It's a story of how the three didn't see the financial crisis coming.

Mandy Jenkins

10 Ways The Debt Ceiling Affects You | Mandy Jenkins | Posted 07.24.2011 | Politics

Does all this talk of debt ceilings make your eyes glaze over? You know it has something to do with bonds and defaulting, but that's about it. You wan...

Elise Foley

Boehner To Obama: Let's Make A Deal On Debt Limit | Elise Foley | Posted 07.15.2011 | Politics

WASHINGTON -- One day before the federal government is scheduled to reach its debt limit, House Speaker John Boehner (R-Ohio) said he is ready to make...

Sam Stein

DGA Chair Martin O'Malley: GOP Risking National Default To Deny Obama Second Term | Sam Stein | Posted 07.11.2011 | Politics

WASHINGTON -- With states and cities already suffering the consequences of the nation creeping toward hitting the legal debt limit, one Democratic gov...

Elise Foley

Cornyn: 'No Incentive At All' For Senate GOP To Increase Debt Limit | Elise Foley | Posted 07.10.2011 | Politics

WASHINGTON -- Senate Republicans shouldn't lift a finger to raise the nation's debt limit, argued Sen. John Cornyn on Tuesday. The Texas Republican, w...

China Urges U.S. To Allow More High Tech Exports

AP | Martin Crutsinger and Matthew Pennington | Posted 07.10.2011 | Business

WASHINGTON (AP) -- China is using high-level meetings to urge the United States to allow more technology exports into the booming Chinese economy as a...

William Alden

As Treasury Prevents Default, 'Headache' For Cities, States Begins | William Alden | Posted 07.04.2011 | Business

NEW YORK -- As the federal government approaches its legal debt ceiling and scrambles to avoid default, the first losers will be cities and states. ...

Congress Receives Extension To Handle Debt Limit

AP | By MARTIN CRUTSINGER | Posted 07.02.2011 | Business

WASHINGTON -- Treasury Secretary Timothy Geithner is giving Congress a little more breathing room to negotiate a deal that would raise the nation's bo...

Amanda Terkel

WATCH: GOP Lawmaker Faces Tough Town Hall Questions | Amanda Terkel | Posted 06.29.2011 | Politics

WASHINGTON -- When Congress returns from its two-week recess, one of its top priorities will be voting on whether to raise the federal government's de...

Some U.S. Companies Will Receive Pass On New Rules, Geithner Says

AP | By DANIEL WAGNER | Posted 06.29.2011 | Business

WASHINGTON -- Treasury Secretary Timothy Geithner has decided to let companies continue to trade certain contracts used to guard against swings in cur...

Elise Foley

Republicans Downplay Urgency Of Raising Debt Ceiling | Elise Foley | Posted 06.24.2011 | Politics

WASHINGTON -- Failing to raise the nation's debt ceiling would be less damaging than allowing the deficit to continue to swell, Sen. Tom Coburn (R-Okl...

U.S. 'Strong Dollar' Rhetoric Fades As Currency's Value Declines

Posted 06.22.2011 | Business

WASHINGTON (Glenn Somerville and Tim Reid) - For years, Treasury secretaries parroted a line that the U.S. was committed to a strong dollar policy...

WATCH: 'Let Bush Tax Cuts Lapse,' Greenspan Says

The Huffington Post | Yepoka Yeebo | Posted 06.18.2011 | Business

With the risk of a national debt crisis lurking over the nation, former Federal Reserve chairman Alan Greenspan can't agree with continuing vast tax c...

Amanda Terkel

Geithner: Not Raising Debt Ceiling Would Be 'Catastrophic' | Amanda Terkel | Posted 06.17.2011 | Politics

WASHINGTON -- Treasury Secretary Timothy Geithner said Sunday he's certain congressional lawmakers will come together to raise the nation's debt limit...

IMF Nations Discuss 'Significant Risks' Of Rising Global Food Prices

Posted 06.17.2011 | Business

WASHINGTON (Lesley Wroughton and Isabel Versiani) - International Monetary Fund member countries sought to bridge sharp differences over the global ...

Geithner: Congress Will Increase Debt Limit

Reuters | Posted 06.13.2011 | Business

April 13, 2011 10:55:23 PM WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said Wednesday that Congress will allow the country to bo...

GOP May Stretch Out Debt Limit Negotiations Until July

Reuters | Andy Sullivan | Posted 06.12.2011 | Politics

April 12, 2011 11:12:49 PM By Andy Sullivan WASHINGTON (Reuters) - Republican leaders in Congress said Tuesday they may stretch out negotiat...

Suck on This

Jonathan Weiler | Posted 06.05.2011 | Politics
Jonathan Weiler

Here are some notes from a nation in which the wealthy and powerful increasingly act with near impunity and the lesser off just have to "suck on this" -- in the immortal and unwittingly apt phrase of one of our elite pundits.

The Non-Mandated Society

Janet Ritz | Posted 06.24.2011 | Business
Janet Ritz

If the banks were mandated to stop demonizing the unemployed in unemployment recovery programs, that would allow programs to have a better percentage of success than their current rate of failure.

Ex-TARP Inspector General: Bailout 'Failed' To Meet Goals

The New York Times | NEIL M. BAROFSKY | Posted 05.30.2011 | Business

TWO and a half years ago, Congress passed the legislation that bailed out the country's banks. The government has declared its mission accomplished, c...

High Noon on Wall Street

Richard (RJ) Eskow | Posted 05.25.2011 | Business
Richard (RJ) Eskow

This is the administration's chance to stand with fighters like Elizabeth Warren, both in its words and in its deeds. Some well-targeted prosecutions would be an enormous political boon. It would also be the right thing to do.

Officials Overseeing Corporate Bonuses Might Need Some Themselves, Auditors Say

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — In an ironic twist, government auditors say the Treasury Department might need to award bonuses to its staff to finish efforts to recou...