'Your papers, please' must never be heard in America
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago.
Nearly three years after Congress passed the most far-reaching new regulations on Wall Street since the Great Depression, worries have resurfaced that the biggest U.S. banks have only grown in size and remain bailout candidates because they are "too big to fail."
Most major churches in my home state of Ohio have decided that Medicaid expansion is good public policy. In recent weeks, churches have come out in support of Gov. John Kasich’s plan to expand Medicaid coverage to 275,000 low-income, uninsured Ohioans. Pastors argue that taking care of our own people is appropriate for a Christian nation – apparently removing their own congregations from the equation.
Federal Reserve chairman Ben S. Bernanke said Wednesday he doesn't believe the central bank is feeding a bubble in the stock market by keeping interest rates near zero.
Former Treasury Secretary Timothy Geithner has a book deal.
The United States of America, once the greatest and wealthiest nation in world history, has gone broke. Federal Reserve Chairman Ben S. Bernanke continues to print crazy amounts of money to cover up this fact, but the truth is that we are on an unsustainable course. We continue to spend more money than what we take in every year. Piggyback that on the amount of interest we have to pay to service our debt each year, and you get a recipe for financial ruin.
The U.S. economy just barely eked out a quarter of growth at the end of last year, according to revised estimates published by the Commerce Department on Thursday morning.
Facing criticism from Republican lawmakers, Fed Chairman Ben S. Bernanke stood behind the Federal Reserve's low-interest-rate policies Wednesday and sought to reassure members of Congress that the central bank has a handle on the risks.
Federal Reserve Chairman Ben S. Bernanke Tuesday morning warned Congress that $85 billion of across-the-board spending cuts due to start on Friday will dampen economic growth this year.
Upon learning recently that the economy shrank for the first time in more than three years, the Federal Reserve decided to continue its longstanding policy of printing money at full speed until investor confidence runs out or the ink runs dry.
This week, Ben S. Bernanke announced that the Federal Reserve would continue its misguided quest to ease our financial woes with purchases of $85 billion per month in mortgage-backed securities and Treasuries.
Stocks edged higher on Wall Street after a rally in retail stocks offset concerns about flaring tensions in Washington over increasing the country's borrowing limit.
There is a precious gift hidden in the event we now call Ben S. Bernanke's "fiscal cliff." On Jan. 1, without -- or more precisely, because of the lack of -- any action by Congress, the fiscal integrity of the government of the United States will be given back to the people.
Efforts to save the nation from going over a year-end "fiscal cliff" were in disarray as lawmakers fled the Capitol for their Christmas break. "God only knows" how a deal can be reached now, House Speaker John A. Boehner declared.
Q. My fiance and I want to buy our first home in 2013. I think we should find a suitable home as soon as possible and make an offer. We have been prequalified and have targeted our price range.
Resolving the fiscal crisis would prevent a sudden and severe shock to the economy, help reduce unemployment and strengthen growth, he said.
Bernanke said several factors have weighed on growth: Long-term unemployment has eroded many workers' skills and led some who have lost jobs to stop looking for one.
