Debt limit: Raise it or risk financial crisis, Treasury warns Congress
Mark TrumbullThe Treasury Department drew a red-line regarding its capacity to meet America’s financial obligations, warning that Congress must raise the nation’s public debt limit or risk sending the...
View ArticleFed nominee Janet Yellen: 'Too many Americans still can't find a job'
Mark TrumbullJanet Yellen faces some formidable tasks as the first woman nominated to head the Federal Reserve.Confirmation by a politically divided Senate is just the first, and maybe the easiest,...
View ArticleObamacare Web troubles: what’s known so far – and what big questions remain
Mark TrumbullA committee in the Republican-led House will question federal contractors Thursday morning, in an effort to understand why the online debut of Obamacare has gone so badly.Lawmakers on the...
View ArticleNot enough pre-launch testing of Obamacare website, contractors testify
Mark TrumbullContractors who helped to build the troubled sign-up website for Obamacare said Thursday that an insufficient testing process contributed to an error-prone rollout.They put blame on the...
View ArticleFixing the Obamacare website: a status report in three numbers
Mark TrumbullHealth Secretary Kathleen Sebelius said Wednesday that the website for Obamacare is now able to process about “17,000 registrants per hour ... with almost no errors.”That sounds like a big...
View ArticleGovernment shutdown didn't save money. It cost $2 billion, report says
Mark TrumbullThe federal government’s partial shutdown last month was a costly exercise in agreeing to disagree. Now we know exactly how costly.Or at least, we have a preliminary price tag estimated by...
View ArticleSandy Hook report answers some questions, but many still a mystery
Mark TrumbullA Connecticut state attorney’s report drew pointed conclusions about the shootings at Sandy Hook Elementary School that shook the nation a year ago, saying Adam Lanza acted alone in...
View ArticleNo ‘grand bargain’ in budget deal: What does that mean for the economy?
Mark TrumbullThe accord reached between bipartisan negotiators this week is a budget “mini-deal.” If it’s approved by the House and Senate, the good news is simply that there is a deal to fund the...
View ArticleJanet Yellen confirmation marks new era at Federal Reserve
Mark TrumbullJanet Yellen won a confirmation vote in the US Senate Monday, setting her on track to become the next Federal Reserve chair and to guide the central bank’s policymaking through a new and...
View ArticleSocial Progress Index: Why does US rank No. 16?
Mark TrumbullThe United States remains unmatched by any other large economy when measured by per-person income, but by a new measure of “social progress,” it’s way behind – No. 16 – in delivering a...
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