Monday, August 3, 2015 - 12:12 US Congress Week: Summer Messaging, Fall Positioning On Tap 0
--Senate To Vote on Planned Parenthood Funding, Cyber Bill
--Senate Dems Float $75B Plan To Revise Ryan-Murray Deal
--House Is On August Recess, Set To Return on Sept. 8
WASHINGTON (MNI) - With the dog days of August having descended on Washington, the members of the House have returned home for the rest of the summer while the Senate braces itself for a week of largely symbolic votes and positioning for fall fiscal battles.
The Senate will hold a Republican-sponsored procedural vote Monday evening to defund Planned Parenthood.
Monday, August 3, 2015 - 09:48 EMU Periphery Watch: Elections May Slow Greece Debt Relief 0
By Jack Duffy
PARIS (MNI) - As the Eurozone periphery heads into a new round of national elections, conservative governments that angered voters with years of punishing austerity are recovering, presenting a major obstacle to Greece's Prime Minister Alexis Tsipras as he tries to deliver on his key promise of debt relief to his country's voters.
Elections are scheduled for October 4 in Portugal, for November or December in Spain and before April 2016 in Ireland.
Monday, August 3, 2015 - 09:16 GREECE WATCH: Crisis Costs Weigh Heavily on New Bailout Talks 0
By Martin Baccardax
LONDON (MNI) - Greece's ability to satisfy creditor demands without fresh debt relief looks increasingly improbable after a record slump in its manufacturing sector and the biggest fall in the history of the country's main stock index.
As talks between Athens and its international creditors inch forward following the July 17 bridge loan agreement that staved off default until at least August 20, officials are now left to pick through the debris of the five weeks of capital controls and bourse closures to assess the damage they've left on the already weakened economy.
Greece's manufacturing sector recorded an historic contraction last month, falling to an all-time low of 30.2 (from 49.9) according to...
Monday, August 3, 2015 - 02:14 France Sapin: Schaeuble 'Wrong' In Promoting Temporary Grexit 0
By Steven Arons
FRANKFURT (MNI) - French Finance Minister Michel Sapin strongly criticized his German peer in an interview published Monday, saying Wolfgang Schaeuble was "wrong" to pushing for a temporary Grexit and adding that the common currency is "irreversible."
Speaking with the daily Handelsblatt, Sapin dismissed the idea, floated by Schaeuble, that Greece should voluntarily leave the euro for five years, receive a debt cut, and then return once its debt sustainability had been restored.
"I believe that Wolfgang Schaeuble is wrong and even is in contradiction with his own deep European will," Sapin said. "[There will be] no Grexit and no other exit.
Friday, July 31, 2015 - 16:15 US Tsy: FSOC Maintained AIG, GE Capital SIFI Status - Text 0
WASHINGTON (MNI) - The following is the U.S. Treasury Department's summary of Friday's closed meeting of the Financial Stability Oversight Council:
Secretary Jack Lew today convened a meeting of the Financial Stability Oversight Council (Council) in an executive session at the Treasury Department.
During the meeting, the Council heard updates from the Treasury Department regarding recent international and domestic market developments.
The Council also discussed its ongoing assessment of potential risks to U.S.
Friday, July 31, 2015 - 12:13 US Budget Week: GOP, Democrats Stake Out Fall Fiscal Stances 0
--House Speaker, Senate Majority Leader Reject Summer Talks
--Tsy's Lew Reminds Hill Debt Ceiling Must Be Lifted
--OMB's Donovan Warns GOP Of Vetoes Sans Discretionary Deal
WASHINGTON (MNI) - Even though the calendar says it's July, much of Washington is already thinking about September and the intense fiscal battles that await Congress and the White House.
The House has begun its summer recess and the Senate will hit the road next week, but the fiscal positioning for the autumn is already in full swing.
Congressional Democrats have spent the last several months calling for...