As the American people helplessly watch and wait for word from Washington, fiscal cliff talks in the Senate hit and rebounded from various roadblocks Dec. 30—less than 24 hours from the make-or-break deadline. As all bets were placed on Senate Majority Leader Harry Reid (D-Nev.) and … [Read more...]
Senate Leaders Attempt to Hash Out a Last-minute Fiscal Cliff Deal
Senate leaders attempted to hash out a last-minute deal to resolve the fiscal cliff conundrum Dec. 29, but as night fell with no sign of a breakthrough, optimism began to diminish. Minority Leader Mitch McConnell (R-Ky.), who on Friday told reporters he was “hopeful and optimistic” a … [Read more...]
Obama’s Ultimatum – Fiscal Cliff Compromise or Vote
President Barack Obama addressed the nation Dec. 28 following an hour-long negotiation with Congressional leaders on how to avoid the ever-approaching fiscal cliff. According to Obama, he has assigned Senate Majority Leader Harry Reid (D-Nev.) and Minority Leader Mitch McConnell … [Read more...]
Federal Reserve Implements Radical New Policy to Keep Interest Rates Low
Federal Reserve Chairman Ben Bernanke announced a radical new policy the Fed will being using. The new policy is getting unprecedented support, but it is so far afield from past policies it may take many off guard. Federal Reserve Bank of Richmond president Jeffrey Lacker was the only … [Read more...]
