Data Mine: Economic-Policy Doubts Cast Pall Over Stocks
David Wilson’s Chart of the Day shows growing doubts about the direction of U.S. economic policy. A policy-uncertainty index cited by RBC Capital Markets chief institutional strategist Myles Zyblock rose in May after dropping for five months in a row....
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Daniel Tarullo, governor of the U.S. Federal Reserve, right, with Senator Sherrod Brown, a Democrat from Ohio, before a Senate Banking hearing.
Washington JPMorgan Probe Finding Banks Too-Big-To-Manage?
Sherrod Brown said it last week — and when JPMorgan CEO Jamie Dimon comes back to Washington today, Congress is going to try to pinpoint whether the Democratic Senator is right. Flash back a few days to Dimon, who has...
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Undocumented students at UCLA line up for graduation on June 15, 2012, the same day that the White House announced that deportations would be deferred for many undocumented youth.
Independents Support Obama Immigration Policy in Poll
President Obama’s immigration policy is favored 2-to-1 among likely voters, according to a Bloomberg poll released today. Bloomberg’s Lisa Lerer reports that 64 percent of likely voters surveyed agreed with Obama’s decision to end the deportations of some illegal immigrants...
Read more »Drop in Exports to EU Hurts Obama Goal
In his 2010 State of the Union, President Obama said he wanted to double exports in five years. The worsening situation in Europe is threatening to quash that goal. U.S. exports to the European Union dropped 4.8 percent in the...
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Sen. Barbara Boxer urging the House-Senate Transportation Conference Committee to pass a conference report reauthorizing the nation’s surface transportation programs, which expire on June 30.
Driving Us Over the Fiscal Cliff
“I guess it would be nice to think that somehow more enlightened leadership and followership could avoid a dismal conclusion, but so far there’s not much evidence of it.” That’s Pete Davis, president of Davis Capital Investment Ideas, who advises...
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Jamie Dimon, chairman of the board, president and CEO of JPMorgan Chase & Co.
Jamie Dimon on the `Fiscal Cliff’
In Jamie Dimon’s testimony before Congress today, the JPMorgan CEO delivered a message on the economy that is getting lost in what one observer called the “political theater.” Dimon, now the target of Senate questions about the bank’s $2 billion trading...
Read more »Merkley: Close JPM ‘Loopholes’
Written by Nick Johnston and Joi Preciphs Senator Jeff Merkley is expected to be one of the fiestiest questioners today when JPMorgan CEO Jamie Dimon arrives at Capitol Hill. The Oregon Democrat gave Bloomberg Television a preview of his arguments...
Read more »Earmarks By Any Name: Re-Election
Congress eliminated earmarks after an outcry over pet projects that contributed to the U.S. budget deficit. While the rules have changed, lawmakers are finding that the need to show results at home didn’t. That means officials looking to get re-elected...
Read more »Jamie Dimon to Apologize Before Senate
Jamie Dimon, the JPMorgan CEO who spent months arguing for less regulation of the banking industry, is coming to Washington tomorrow to apologize after a $2 billion trading loss that’s now fueling calls for tighter banking regulation. He plans to tell...
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Senator Tim Johnson, a Democrat from South Dakota, chairs a Senate Banking Committee hearing in Washington.
Squaring Off Against Jamie Dimon: Tim Johnson
Jamie Dimon won’t be the only one in the spotlight tomorrow. As the JPMorgan CEO comes to Washington to testify about $2 billion in trading losses, it will be Senate Banking Committee Chairman Tim Johnson holding the gavel. Bloomberg’s Phil...
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