By John Solomon
How the government's punishing of the exposure of official wrongdoing can linger for years
Former Treasury Secretary Timothy Geithner has a book deal.
President Obama and members of Congress have spent so much that the federal debt is headed toward $16.4 trillion. Those lawmakers must be using budgetary skills they picked up in college, as undergrads around the nation are racking up red ink at a record pace. Student loan debt jumped $42 billion last quarter, the New York Federal Reserve reported last week, bringing the total owed to about $1 trillion.
The politics of renewable energy is heading the agenda in battleground Nevada, where Democratic Senate Majority Leader Harry Reid is hosting a fifth annual green-energy conference at a Las Vegas Strip resort.
Stronger news about the U.S. economy stilled the ripples from Europe's latest political impasse Tuesday, pushing U.S. stocks between modest gains and losses.
Wooing young voters, President Barack Obama is on a blitz to keep the cost of college loans from soaring for millions of students, taking his message to three states strategically important to his re-election bid. By taking on student debt, Obama is speaking to middle-class America and targeting an enormous burden that threatens the economic recovery.
The federal student loan program seemed like a great idea back in 1965: Borrow to go to college now, pay it back later when you have a job. But many borrowers these days are close to flunking out, tripped up by painful real-life lessons in math and economics.
The federal student-loan program seemed like a great idea back in 1965: borrow to go to college now, pay it back later when you have a job.
A stable dollar and prices are consistent with maximum sustainable job and wealth creation. However, the Fed's dual mandate to pursue full employment and price stability has given it license to meddle in the economy to boost short-term employment, with disastrous consequences.
Top Federal Reserve officials are prodding the White House and Congress to take more aggressive action to stop the free-fall in the housing market, warning that the U.S. economy will remain sluggish and vulnerable and will not fully recover until housing returns to better health.
Stronger reports on the job market and manufacturing sent stock indexes higher in afternoon trading Thursday. FedEx jumped 7 percent after reporting a surge in earnings.
A company run by the former CEO of American International Group Inc. is suing the government for $25 billion in damages regarding its taxpayer bailout of the big insurer.
It's time for a serious housecleaning at the Fed. A recent audit by the General Accountability Office found a lack of transparency at the Federal Reserve. That's putting it mildly. There's no excuse for the shady dealings at the central bank - reform is long overdue.
The likelihood that Treasury Secretary Timothy F. Geithner may resign from his post later this summer is the latest sign that President Obama's team of economic advisors is disintegrating as the economy grows weaker.
Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality, mortgage-backed securities that went sour when the housing market collapsed.
Treasury prices edged up Monday as the ongoing financial crisis in Europe led investors to seek safer assets.
