Obama’s Treasury Secretary Pick Is Said to Be Jack Lew
Nomination would signal White House intent to “keep Treasury close” to its sphere of influence.
House Passes Fiscal Cliff Bill, Averting Plunge—for Now
House passes Senate bill, 257-167, shortly before midnight, sending legislation to President Barack Obama to sign.
The Numbers Don’t Lie: Boomers Nervous About Health Care, Social Security
The 2012 Retirement & Politics Survey by Allianz has found that “transition boomers”—people between the ages of 55 and 65 who are less than 10 years away from retirement—see rising health care costs and Social Security as having the greatest impact on their retirement outlook.
Averting Fiscal Cliff Requires Special Type of Leadership
Harvard University's Ronald Heifetz, the author of widely cited texts on leadership, explains why the president has the upper hand in fiscal cliff talks, and how Democrats need to help Republicans sell compromise back home.
Rogoff and Reinhart’s Mountain of Debt Warning Catches Fire
As market talk focuses on the dangers of the U.S. fiscal cliff, Kenneth Rogoff and Carmen Reinhart’s debt theory is catching fire with the nation’s investment strategists.
Obama on Fiscal Cliff: ‘I’ll Compromise,’ but Not on Taxing Top Earners
Addressing the looming fiscal cliff, President Obama said Friday that while he’s not “wedded” to every detail of the plan he put forward previously to reduce the deficit, he will not compromise when it comes to making sure the top earners pay their fair share.
Ahead of Election, U.S. Added 171,000 Jobs in October
Just four days before the presidential election, the BLS October jobs report showed unemployment notched up to 7.9% as employers added 171,000 jobs.
It’s Still the Economy, Stupid: TD Ameritrade Poll Ahead of Election
Retail investors named three issues as weighing heaviest on their confidence in the stock market, according to TD Ameritrade's Investor Sentiment Poll.
Ahead of Hurricane Sandy, Markets Shut Up Shop
Both the NYSE and Nasdaq were closed Monday due to the superstorm, though electronic trades continue on Arca, and SIFMA recommends bond market closure.
President Romney’s Cabinet: Who Would He Choose?
If Gov. Romney wins the election, his Cabinet will take a very different direction on economic policy than Obama’s. Here are some of the choices to head those key posts.