Posts Tagged ‘congress’

Rep. Eric Cantor Sees “Real Potential” for Immigration Reform But Obamacare Poses a Challenge

An estimated 11 million immigrants are living illegally in the U.S. That could change if Congress approves immigration reform, now making its way on the Hill. The Senate has a bill developed by a bipartisan group of eight including Republican John McCain of Arizona and Democrat Michael Bennett of Colorado that would put undocumented immigrants on a 13-year path to U.S

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Fed-Assisted Growth Stuck at 2% “New Normal” Rates Through 2013

The Federal Reserve begins its two-day policy-making meeting today and not much news is expected, as has been the case ahead of many of the most recent meetings.

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Gary Shilling: The Disconnect Between Weak Economies and Strong Markets Won’t Continue

Almost four years after the Great Recession officially ended in June 2009, the U.S. economy remains mired in sluggish growth with high unemployment and stagnant wages

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House Approves Senate FAA Bill: Washington Should Never Have “Nickel and Dimed” Essential Services

The United States government has had two years to head off automatic "sequester" spending cuts that most people agreed were unnecessary and almost everyone hated. But these days, the government doesn't do anything unless public anger hits such a state of fervor that Congress -- people actually begin to fear for their jobs.

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It’s Earnings Season for Tracking Money in Politics, and the Winners Are…

It’s a big reporting season right now, not just for corporate earnings, but also for disclosure of political contributions. “It’s almost like an earnings report but they all come in on the same day,” says Kent Cooper, editor of Roll Call’s new Political Moneyline blog which tracks Federal Election Commission disclosures.

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Bitcoin Prices Blast Through $100, Driving Speculators Wild

If you're like most people, you've probably been hearing a bit about "Bitcoin" recently. And, if you're like most people, you'll probably not know what it is or what to think about it--or what the fuss is all about. Here's a snapshot

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White House Is the Roadblock to a Grand Bargain on Taxes: Steve Forbes

Early last Saturday morning something happened in the U.S. Senate for the first time in four years

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The Tax-Free Internet Shopping Era May Be Over

Consumers shop online for many reasons. Convenience. Good deals

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There are No Bubbles, QE Is Working!

The Federal Reserve concluded a two-day meeting with no change in policy but a tweak to its economic forecast. The Fed lowered its unemployment rate forecast slightly for 2013 through 2015—suggesting a bit more strength in the job market—but also skimmed 0.1% to 0.2% off its GDP forecast for the same periods, which suggests slightly slower growth. As it stands now, the Fed’s so-called “central tendency” for unemployment is 7.3%-7.5% for this year, 6.7%-7% for 2014 and 6%-6.5% for 2015.

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What fiscal cliff deal means for global economy

European shares rose strongly after a long-awaited deal was secured in US Congress to avoid a fiscal crisis. But what will the deal really mean for the world's largest economy

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