The liberal advocacy group Democracy for America is pledging to put $250,000 toward a campaign to try to "draft" Sen. Elizabeth Warren, Massachusetts Democrat, into the 2016 presidential race.
Banking & Finance
The latest coverage of the banking and financial sectors.
By David Sherfinski - The Washington Times
Sen. Bernie Sanders, Vermont Independent, said in Iowa Tuesday he's trying to gauge whether or not he'll be able to mobilize enough grassroots support against the "billionaire class" to make a serious run at the White House in 2016. Published December 17, 2014
By David R. Sands - The Washington Times
Sending a subtle but clear signal of a change to come, the Federal Reserve Board ended a two-day meeting by holding U.S. interest rates steady and saying it will be "patient" about ending the easy-money stance it has adopted since the onset of the Great Recession. Published December 17, 2014
A sharp overnight hike in interest rates by Russia's central bank has failed to halt a record slide in the value of the ruble, which after a brief rally has fallen more than 11 percent against the dollar Tuesday in the face of intense selling by speculators.
The White House said Tuesday that President Obama will sign a bill imposing further sanctions on Russia for its aggression in Ukraine.
Sen. Elizabeth Warren of Massachusetts, who helped rally Democratic opposition to a trillion-dollar spending bill that passed over the weekend, provided an opportunity for fresh 2016 political tea-leaf reading in an interview for NPR's "Morning Edition."
After this article was published, Mohammed Islam admitted he lied to New York Magazine and did not make any money on the stock market, the New York Observer discovered.
Former Florida Gov. Jeb Bush said that his current financial interests wouldn't preclude a potential presidential run and that the specifics of his business aren't really comparable to those of 2012 GOP presidential nominee Mitt Romney, which were used as fodder for Mr. Romney's opponents two years ago.
New York Sen. Charles E. Schumer used to be considered one of the Senate's most liberal members until Sen. Elizabeth Warren burst onto the scene, making him look moderate by comparison and convincing Republicans that he's the go-to guy for making deals across the aisle.
Sen. Bernie Sanders plans to introduce new legislation to break up Wall Street banks and prevent them from using the the House-passed spending bill to engage in the kind of investments that led to the 2008 financial crisis.
In one of the most rigorous studies of its kind, two economists have concluded that an increase in the federal minimum wage in the mid-2000s resulted in substantial job losses and lower net income for the low-skilled workers the hike was supposed to benefit.
One in five U.S. adults are so depressed about debt — not to mention drowning in it — that they think they're going to die still owing their creditors.
The House tax bill extends more than 50 expired tax breaks through the end of 2014.
The wrangling in Congress that has prevented a package of expired tax breaks from being reinstated threatens to slap massive tax bills on thousands of Americans who have given up their homes in "short sales," a common practice after the 2008 real estate crash in which banks allow homes to be sold at lower prices than the amounts owed on the mortgages.
U.S. Sen. Elizabeth Warren is on a tour of the Middle East with stops planned in Israel, the West Bank, and Jordan.
Recent Opinion Columns
Recent statements by Federal Reserve officials would lead just about anyone to believe that one of the bank's central missions has always been to guard against the lurking threat of deflation. They warn that since official inflation has remained below the Fed's 2 percent target for almost two years, the country is liable to fall into a stagnant morass unless the Fed acts boldly to hit its target. It may surprise many that this view is strictly a 21st-century development. The fear (some would say paranoia) regarding sub-2 percent inflation was nowhere in evidence in the past, even when inflation was lower than it is today.
The U.S. economy is underperforming, and the Federal Reserve's low interest rate policies won't reinvigorate it.
Hey, did you hear the story about the former Federal Reserve chairman who couldn't get his mortgage refinanced?
Congress is back in session, and will likely vote soon on one of the most contentious issues leading into the midterm elections: the Export-Import Bank.
It was — and always is — enlightening to be outside the D.C. Beltway, where manufacturers grapple not only with increasing and sustaining sales, but with the real-world implications of Washington's latest action or inaction.