Reid, McConnell Fight Next Round on Debt, Raising Hopes
As Senate Majority Leader Harry Reid and Senate Minority Leader Mitch McConnell negotiate, a Schwab survey shows investors are still thinking long term.
Sallie Krawcheck Decries Industry ‘Becoming Republican Party’
“It is my intention to be controversial and make us uncomfortable here today,” Sallie Krawcheck said. She didn’t disappoint.
Congress’ Next Slugfest: Debt Ceiling, 3 Battling Budgets
Now that the government is funded through September, Congress must tackle the debt ceiling and three separate budgets, says Andy Friedman of The Washington Update.
Paul Ryan’s Budget: Something for Everyone (to Criticize)
"The president promises big government and Ryan promises smaller big government,” a Cato Institute analyst says, while others say cuts are still too big.
Senate Pushes House on Fiscal Cliff
Speaker of the House John Boehner called for Congess to reconvene on Sunday.
11 Key Congressional Committees for Advisors to Worry About
As the election approaches, not just the White House and Congress are in play, but also control of congressional committees important to advisors and others in the financial services sector.
The STOCK Act’s Lameness
"Send me a bill that bans insider trading by members of Congress and I will sign it tomorrow,” President Obama proclaimed in his State of the Union on Jan. 24, 2012.
Advisor: Is Your Congressman on the Payroll Tax Committee?
Congress is gridlocked again, this time on a long-term deal to extend the payroll tax cut. Democrats have already named members to a conference committee formed to end the stalemate. Advisors can do something: Contact Congress now.
Wanna Beat the Market by 6.6%? Join Congress
A new study published this year finds a 6.6% annual market-beating advantage for members of the House between 1985 and 2001. Rep. Nancy Pelosi scored a 203% multimillion-dollar return on an IPO at a time when ordinary investors lost 15%...
Deficit Reduction Committee Gets to Work
Congress’ solution to the debt limit crisis and rising deficits is fully operational, but many are left wondering whether the bipartisan Joint Select Committee on Deficit Reduction is capable of fulfilling its mandate.