Even as snowfall whitens horizons across the U.S. today, the economic skies are brightening for many American households. Two key hurdles consumers faced last month have dissipated: gasoline prices are on the retreat, and delayed cash returns from the Internal...
Read more »Cheaper Gas, Tax Refunds: Consumer-Spending Pocket-Power
Photograph by Bill Clark/CQ-Roll Call/Getty Images
Rep. Paul Ryan, left, and Rep. Pete Sessions, right, arrives for a House Republican Conference meeting.
Ryan: Republicans Eye Short-Term Debt-Ceiling Increase at Retreat
The House’s Republicans, assembled at a retreat outside Williamsburg, Virginia, are discussing the “virtues” of passing a short-term increase in the federal debt limit. So says Rep. Paul Ryan, the House Budget Committee chairman from Wisconsin. “We are discussing the...
Read more »Washington Daybook: The Art of Lobbying
On April 5, Aug. 1, Sept. 27 and Oct. 4, Treasury Secretary Timothy Geithner hosted economists and what his office termed “thought leaders” for glittering dinners at the Treasury Department. Amid some of the department’s more than 5,000 pieces of art, John Paulson,...
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Photograph by Jim R. Bounds/Bloomberg
A sales manager ties balloons to General Motors Chevrolet vehicles at a dealership in Wake Forest, North Carolina.
Obama’s Auto Bailout: Moody’s OK
The Obama administration managed quite a deal for U.S. taxpayers when it rescued General Motors Co., Chrysler Group LLC and their financing arms in 2009, according to Moody’s Investors Service. The bond rating service issued an endorsement of the auto...
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