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The Garbage Collectors...

Joel Sucher | Posted 11.10.2015 | Politics
Joel Sucher

The article focused on Fortress Investment's Peter Briger, a/k/a "king of debt" a/k/a "junkyard dog," a man who scored big by buying up the so-called "distressed assets" that banks didn't want and were willing to sell off cheap. So, if you're one of millions of struggling homeowners be afraid, be very afraid.

Congress Is Holding The Debt Ceiling Hostage Again -- And That's Still Scary

The Huffington Post | Daniel Marans | Posted 10.22.2015 | Politics

The United States will reach its legal debt limit on Nov. 3 if Congress does not act to increase it. What would the dangers be, in that scenario?&nbs...

The Senate And The House Begin Their Debt Limit Dance

The Huffington Post | Laura Barron-Lopez | Posted 10.20.2015 | Politics

WASHINGTON -- With just two weeks left before the U.S. runs out of borrowed money and is forced into a default, congressional leaders have yet t...

Jennifer Bendery

Elizabeth Warren, Progressives Sink Obama Treasury Nominee Antonio Weiss | Jennifer Bendery | Posted 01.13.2015 | Politics

WASHINGTON -- Wall Street banker Antonio Weiss has asked President Barack Obama not to renominate him to a top Treasury Department post because of the...

Here's A Chart That Should Have You Just A Little Bit Worried

The Huffington Post | Mark Gongloff | Posted 01.07.2015 | Business

If you're a frequent borrower of money, for stuff like education and cars and lip implants, you might think that low interest rates are good. But be w...

Enough is Enough: The President's Latest Wall Street Nominee

Sen. Elizabeth Warren | Posted 01.19.2015 | Politics
Sen. Elizabeth Warren

As someone who has spent my career focused on domestic economic issues, including a stint of my own at the Treasury Department, I know how important these issues are and how much the people in Treasury can shape policies.

Obama Administration To Take Action Against Tax-Avoidance Inversion Deals

AP | JOSH LEDERMAN and JIM KUHNHENN | Posted 11.22.2014 | Politics

WASHINGTON (AP) — The Obama administration cracked down Monday on certain overseas corporate mergers and acquisitions, aiming to curb American compa...

5 Strategies to Protect Yourself From Rising Interest Rates

David A. Dedman | Posted 08.12.2014 | Money
David A. Dedman

These low interest rates we've enjoyed for years will begin rising. I personally believe we still have some time before rates start upward. Since you have a little time left, I'd like to give you a few suggestions.

The Fantasy That Tax Repatriation Can Pay for Highways (or Anything Else...)

Jared Bernstein | Posted 08.11.2014 | Politics
Jared Bernstein

Like a bad penny, this tax repatriation idea just keeps coming back. You know, the one where you offer a bribe to multinational corporations in the form of a big tax cut to "repatriate" their foreign earnings.

The Death of Tax Preparer Regulation - Finding a Good Tax Preparer Just Got a Little Bit Harder

Mark Steber | Posted 07.15.2014 | Business
Mark Steber

Earlier this week the Internal Revenue Service (IRS) declined to file a petition with the Supreme Court to appeal a recent series of rulings thereby s...

Jack Lew's Prostate Surgery 'Went Well,' U.S. Treasury Says

Reuters | Posted 05.25.2014 | Politics

WASHINGTON, March 25 (Reuters) - U.S. Treasury Secretary Jack Lew's treatment for a benign enlarged prostate on Tuesday "went well and as planned," ...

The Fed Moves the Goal Line

Michael Farr | Posted 05.20.2014 | Business
Michael Farr

I believe that the Fed has overreached in its monetary policy not just in response to the latest crisis, but pretty consistently over the 15-20 years. In an effort to lessen the effects of (inevitable) economic downturns, the Fed (and other central banks) has caused extreme financial distortions and dislocations.

U.S. Government Getting A New Borrowing Cap

AP | ANDREW TAYLOR | Posted 02.07.2014 | Politics

WASHINGTON (AP) — The U.S. government is getting a new borrowing cap Friday, almost four months after Washington diffused October's government shutd...

Support at 3.0%?

Michael Farr | Posted 03.12.2014 | Business
Michael Farr

Is there any doubt that the amount of cars or dishwashers or flat-screen TVs (these are the Fed's "durable goods", which are typically bought using credit) would slow if credit were to suddenly become dramatically more expensive? Wouldn't the recent massive expansion in student loans slow as well?

Playing With Fire

Michael Farr | Posted 02.02.2014 | Business
Michael Farr

As rates begin to rise in anticipation of Fed "tapering," we would expect an eventual reversal as economic indicators begin to deteriorate. In other words, there is a ceiling on the pace of this economic recovery until deleveraging runs its course (which could be a long while).

Obama Praises CFTC Nominee's Humility, Results

AP | JULIE PACE and MARCY GORDON | Posted 11.12.2013 | Politics

WASHINGTON (AP) — President Barack Obama is praising his choice to run the Commodity Futures Trading Commission as someone who doesn't seek the spot...

Study Warns Of Imminent Debt Ceiling Deadline

AP | ANDREW TAYLOR | Posted 11.10.2013 | Politics

WASHINGTON -- The United States could default on its obligations as early as Oct. 18 if Washington fails to agree on legislation to raise the governme...

Red Lines

Michael Farr | Posted 09.06.2013 | Business
Michael Farr

The sharp drop in new home sales, weak spending in July, and negative guidance from retailers suggest to us that the recent rise in borrowing costs and energy prices may be starting to take a toll. Will the Fed take this data into consideration?

Lonely Grover Norquist Loses Key Allies

Salon | Posted 08.01.2013 | Politics

If it’s late summer, it’s “grand bargain” season – and President Obama rolled out the latest sequel in the franchise Tuesday. The new iterat...

Obama Cabinet Member Issues Stern Warning To Congress

Posted 09.27.2013 | Politics

By THE ASSOCIATED PRESS WASHINGTON -- Congress needs to raise the debt limit and take away the "cloud of uncertainty" about the nation's ability to...

Here's How The Federal Reserve Might Ruin Your Summer

Reuters | Posted 07.26.2013 | Business

By Luciana Lopez NEW YORK, May 26 (Reuters) - Have your summer vacation all booked? Hoping to ignore your phone for a while, feeling s...

Official Claims Treasury Had No Role In Big Scandal

AP | STEPHEN OHLEMACHER and ALAN FRAM | Posted 07.22.2013 | Politics

WASHINGTON — At the center of a political storm, an Internal Revenue Service supervisor whose agents targeted conservative groups swore Wednesda...

Treasury, IRS Reportedly Spoke Multiple Times About How To Handle Scandal

The Huffington Post | Chris Gentilviso | Posted 05.21.2013 | Politics

More details emerged Monday suggesting that the Treasury Department was involved in the IRS mulling over a public admission of its activities targetin...

Treasury Acts To Avoid Debt Limit

Reuters | Posted 07.20.2013 | Politics

May 20 (Reuters) - U.S. Treasury Secretary Jack Lew on Monday said the Obama administration was suspending investments in the Civil Service Retireme...

First Lawsuit Filed Against IRS Over Tea Party Scandal

Reuters | Posted 07.20.2013 | Politics

By Nate Raymond May 20 (Reuters) - A California-based Tea Party group sued the U.S. Internal Revenue Service on Monday in what marked ...