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.
With Pelosi Picks, Deficit Panel Now Complete
Bringing the number to 12, House Democratic Leader Nancy Pelosi announced Thursday her picks for the Joint Select Committee on Deficit Reduction.
Nine Are Named to Crucial Deficit Panel
Senate Majority Leader Harry Reid was the first of the four congressional leaders to make his three selections for the Joint Select Committee on Deficit Reduction, with Speaker John Boehner and Sen. Mitch McConnell following Wednesday, and Rep. Nancy Pelosi yet to make her picks.
PIMCO’s El-Erian Warns U.S. Rating at Risk, Even With Debt Ceiling Deal
As leaders of both parties now plan to unveil their own debt-ceiling plans, El-Erian said that a short-term deal would leave “the AAA rating extremely vulnerable and does little” to fix the basic problems of the economy.
Dodd Delivers Vivid Speech on Financial Crisis at fi360 Conference
Former Sen. Christopher Dodd, in a passionate speech at the fi360 Conference in San Antonio on Thursday, spoke vividly about the early days of the financial crisis and how financial reform evolved from January 2007 until now.
GOP, Democrats Resume Budget Debate as March 4 Deadline Looms
The House Rules Committee began debate Monday on a stop-gap spending bill that would fund the government until March 18.
Tax Cut Bill Delayed in House; Vote Still Possible Thursday Night
President Barack Obama’s compromise tax cut package was pulled from the floor of the House of Representatives Thursday afternoon, though there remained the possibility of a vote on the bill late Thursday night.
Bush Tax Cut Deal: Assessing Obama's 'Grand Compromise' With GOP
While Obama says the plan provides a "framework" for a bipartisan deal, he must now convince angry Democrats to go along.
Election 2010: The Tax Impact
As the results of the 2010 election are assessed, wealth managers are looking ahead to what the lame-duck Congress may do before year-end to settle several tax issues that are up in the air.