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Tag: Federal Reserve

Sanders bids Summers adieu

The statement is being passed around the Web as a perfect articulation of one (large) school of thought on the Summers nomination.

Wells Fargo has negative tax bill over past three years

Wells Fargo & Co. tops the list of companies receiving the largest tax breaks since 2008, according to a joint study from Citizens for Tax Justice and the Institute on Taxation and Economic Policy.

Federal Reserve expects a somewhat slower pace of recovery

The Federal Reserve’s policy committee, the Federal Open Market Committee (FOMC), met Tuesday and voted on what course of action they would take with respect to U.S. monetary policy in the coming months. Their statement reflects the commonly-held perception that the recovery from the Great Recession has stagnated:

Udall, Dems blame speculators for high gas prices; Tipton, GOP finger...

As Democrats such as Colorado Sen. Mark Udall blame speculation in the financial markets for skyrocketing gas prices, Republicans – including U.S. Rep. Scott Tipton of Colorado – continue to target Obama administration policies. This time Tipton is fingering the Federal Reserve.

Bush tax cut debate cast in light of new Wall Street...

A video of Independent Vermont Senator Bernie Sanders is making the rounds this week. In the clearest language to come out of Washington on...

Top analysts find government action saved U.S. economy

In a new paper released Wednesday, entitled “How the Great Recession Was Brought to an End,” prominent economists Alan Blinder and Mark Zandi say...

Senate votes in a landslide to audit the Fed

WASHINGTON-- On Tuesday, the Senate voted in a landslide to approve the Audit the Fed amendment to Sen. Chris Dodd’s (D-Conn.) financial regulatory reform proposal. Sen. Bernie Sanders (I-Vt.), the author of the amendment, has directed the Government Accountability Office to publish a report on the Federal Reserve’s books by Dec. 1, 2010, reviewing in a way that “does not interfere with monetary policy” but does let the American people know the names of the recipients of the more than $2 trillion in taxpayer assistance doled out by the nation's central banking system.

WATCH: Bennet deficit-reduction TARP proposal accepted by Senate

Last night, the Senate agreed to a proposal by Democratic Colorado Sen. Michael Bennet to reduce funds available for the Troubled Asset Relief Program...

Washington versus Wall Street: A citizens’ guide to the regulation debate

WASHINGTON-- Monday evening, Republicans in the U.S. Senate voted against Sen. Chris Dodd's American Financial Stability Act, which seeks to reform regulation of the financial sector. It was only one round. There are many to come. Democrats only need one crossover to move the bill forward and the GOP line on the bill has already evolved, as Republican spin artist Frank Luntz's "bank bailout" false talking point has failed to winover Americans, who overwhelmingly back reform. Bonus-loving Goldman Sachs has run out of sympathy on struggling Main Street.

Rep. Markey acts on a Tea Party tip to audit The...

Democratic U.S. Rep. Betsy Markey has cosponsored a bill that would establish regular auditing of the Federal Reserve-- the nation's bank, which presently, according...
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