European finance ministers ruled out efforts to prop up the faltering economy and gave no indication of providing aid for lenders to go along with yesterday’s liquidity lifeline from the European Central Bank. (more)
NEW YORK (AP) — A new book offering an insider’s account of the White House’s response to the financial crisis says that U.S. Treasury Secretary Tim Geithner ignored an order from President Barack Obama calling for reconstruction of major banks. (more)
Kentucky Republican Sen. Rand Paul announced early Wednesday morning that he plans to push the Senate to hold a vote of no confidence in Treasury Secretary Tim Geithner. (more)
Secretary of the Treasury Tim Geithner indicated Sunday that he intends to stay on the job, despite calls for his resignation by some Republicans in the wake of Standard & Poor’s downgrade of America’s credit rating. (RELATED: DeMint calls for Geithner’s resignation in wake of credit downgrade) (more)
While bailout enthusiasts hail GM’s first-quarter earnings as proof that the administration saved the auto industry, President Obama should know better than to gloat. No such feat was accomplished and the imperative of extricating the government from GM’s operations has yet to be achieved. (more)
Last year, the International Monetary Fund’s (IMF) bailout of Ireland and Greece put U.S. taxpayers on the hook for over $46 billion. It’s time to get ready for the next round of European bailouts in 2011. IMF First Deputy Managing Director John Lipsky says that “we will stand by with our European partners to provide support.” Speculation has been circulating that this will mean an upcoming taxpayer bailout of Portugal and Spain. (more)
1.) Obama’s jobs team gets green-washed — “President Barack Obama will name Jeffrey Immelt, General Electric Co.’s chief executive officer, to head his outside panel of economic advisers, replacing former Federal Reserve Chairman Paul Volcker,” reports Bloomberg News. “Immelt has sounded many of the administration’s themes: boosting jobs through U.S. exports, ensuring companies can compete with powers like China and India, and jumpstarting a clean-energy economy. Immelt wrote today that he and Obama ‘are committed’ to making the U.S. ‘the most competitive and innovating economy in the world.’” According to Bloomberg, “Immelt is among a group of executives — Boeing Co. CEO Jim McNerney; Motorola Solutions Inc. CEO Greg Brown, and Honeywell International Inc. Chairman David Cote — who have voiced support for Obama policies. The four serve on several of the president’s outside advisory boards”–and all four have made a killing on green jobs subsidies (more)
The arrival of Chinese President Hu Jintao in Washington Tuesday evening brought the U.S. face to face with the leader whose nation many Americans believe will supplant them as the world’s most dominant super power. (more)
Is there a new Cold War developing between China and the United States? That’s a question hovering over President Hu Jintao and his entourage as they come to Washington to discuss military, trade, and financial flash points with the Obama administration. (more)
Treasury Secretary Tim Geithner sent a cage-rattling letter to congressional leaders Thursday, warning that a failure to raise the debt limit could plunge the nation into an economic crisis more severe than 2008′s and cost millions of jobs. (more)
For all the talk of the tax cut deal’s impact on the deficit, if Republicans can get spending cuts to pay for the $60 billion or so that it would cost to extend unemployment insurance for a year then the agreement will be acceptable to a majority of even the most conservative among them. (more)
Senate lawmakers expect a bipartisan group of negotiators to announce a deal in the coming days that would extend the Bush tax cuts for two years and federal unemployment benefits for up to a year. (more)
Rep. Paul Ryan (R) of Wisconsin, the top House Republican on budget matters, peeled the curtain back a little on GOP relations with the Obama White House Thursday. (more)
President Obama and Republican leaders emerged from a meeting at the White House Tuesday no closer to an agreement on whether to extend all of the Bush era tax cuts before the end of the year, or whether to only extend cuts for those making less than $250,000 a year. (more)
November has been one tough month for President Barack Obama. (more)
The falling dollar is on most everybody’s mind, especially in financial markets here at home and globally. A currency war? World protectionism? Race to the bottom? (more)
Friday’s unemployment report for September, the last before the election, brought more bad news for the Obama Democrats. (more)
House Speaker hopeful John Boehner, the current minority leader from Ohio, wanted his plan for governance – a remake of the 1994 “Contract with America” – to stay out of the press until Thursday morning. That didn’t happen. (more)
In front of an overwhelmingly supportive town hall audience that cheered his jabs at Republican lawmakers, President Obama defended his economic policies of the last two years and said he has not yet decided whether to keep Treasury Secretary Tim Geithner and top economic adviser Larry Summers on staff after the midterm elections. (more)
First it was House Minority Leader John A. Boehner, making his pitch to the electorate to be made House speaker in part by calling for Treasury Secretary Tim Geithner to be fired. (more)

























