U.S. Government

  • 2016-01-12 10:29

    --House Speaker Ryan Rips Fed For 'Liberal Style' Policies
    --Ryan: Fed Policies Has Created 'Trickle Down' Econ
    --Ryan: Hill Can't Do Bold Fiscal Deal With Obama

    WASHINGTON (MNI) - House Speaker Paul Ryan Tuesday blasted the Federal Reserve Board for a "loose money" policy that has created a "trickle down" economy with uneven growth.

    At a briefing with his House GOP leadership team, Ryan accused the Fed of embracing "liberal style" policies that have provided the U.S.

  • 2016-01-12 09:20

    By Jack Duffy

    PARIS (MNI) - China's economic rebalancing is creating global tensions that suggest oil and metal prices could remain weak for a long period, International Monetary Fund Managing Director Christine Lagarde said Tuesday.

    Speaking in Paris, Lagarde said China's transition toward slower and more sustainable growth was positive but was generating spillover effects that were feeding through to the rest of the world, in part through lower demand for commodities.

    "Not only have oil and metals prices fallen by around two thirds from their most recent peak, but supply and demand side factors suggest that they are likely to stay low for a sustained period," Lagarde said.

  • 2016-01-11 14:55

    --Senate Majority Leader: Don't Expect 'Unifying Message'
    --Senate Minority Leader: Obama Has Faced 'Radical' GOP

  • 2016-01-11 12:24

    --Senate to Hold Procedural Vote on Fed Audit Bill Tues
    --Ex Fed Chief Bernanke: Bill Seeks to Jam, Not Audit, Fed

    WASHINGTON (MNI) - The Senate will hold a procedural vote Tuesday afternoon on legislation by Republican senator Rand Paul to mandate a sweeping audit of the Federal Reserve Board by the Government Accountability Office.

    The Senate will vote at 2:30 p.m.

  • 2016-01-11 11:58

    --President Obama to Deliver State of The Union Tuesday Night
    --CBO to Release Budget Updates on Jan 19 and Jan 25
    --Senate to Hold Procedural Vote on Fed Audit Bill Tues

    WASHINGTON (MNI) - President Barack Obama will try to set, or at least influence, the year's policy and fiscal debate when he delivers his final State of the Union address Tuesday.

    Obama will speak before a joint session of Congress Tuesday night at 9 p.m. ET.

    The president is expected to offer a vigorous defense of his record and try to dispel, or at least respond to, some of the pessimism that has pervaded the recent political debate.

    Obama is also expected to identify several areas of possible bipartisan agreement this year, including passing the Trans-Pacific Trade agreement, cri

  • 2016-01-08 14:18

    --CBO To Release Budget Updates on Jan 19 and Jan 25

    WASHINGTON (MNI) - The Congressional Budget Office said Friday the federal budget deficit for the first three months of the 2016 fiscal year was $212 billion, $36 billion higher than for the same period in FY 2015.

    According to the CBO in its monthly report for December, federal outlays for the first three months of FY 2016 were 7% higher than the previous year, while revenues were 4% higher.

    The CBO said receipts for the first three months of FY 2016 were $766 billion and outlays were $978 billion.

    The CBO will release a summary of its annual Budget and Economic Outlook report January 19.

    CBO said the summary will include updated budget and economic projections covering the period from 2016 t

  • 2016-01-08 13:28

    WASHINGTON (MNI) - The following is the Securities and Exchange Commission announcement Friday that it has capped its sanction barring Steven A. Cohen, the 35th richest man in America, from managing outside money for two more years, until the end of 2017. His former hedge fund, SAC Capital, paid a $1.8 billion fine for failing to prevent what was called the most profitable insider trading in history:

    The Securities and Exchange Commission today announced that hedge fund manager Steven A. Cohen will be prohibited from supervising funds that manage outside money until 2018 in order to settle charges for failing to supervise a former portfolio manager who engaged in insider trading while employed at his firm.

  • 2016-01-08 11:47

    --House Speaker: GOP to Offer 'Compelling Choice' in 2016
    --President Obama to Release FY 2017 Budget Feb. 9
    --CBO To Release Budget Updates on Jan 19 and Jan 25

    WASHINGTON (MNI) - U.S. House Speaker Paul Ryan has vowed this week that 2016 will be "the year of ideas" for Republicans and many of the party's central fiscal ideas are likely to be reflected in its fiscal year 2017 budget resolution.

    At a Thursday briefing, Ryan said Republicans must offer the American public a "compelling choice" for the November elections.

  • 2016-01-07 15:36

    --Closely Watching Market Activity

    WASHINGTON (MNI) - The following is an MNI transcript of an exchange Thursday between White House spokesman Josh Earnest and reporters at the regular news briefing:

    Earnest, on China its currency policy:

    Obviously this is something closely monitored by the Treasury Department and the case that we have made to the Chinese has centered on the responsibilities that come with being one of the world's largest economies, particularly an economy like theirs that is growing rather rapidly and is quite dynamic in terms of the kind of innovation that exists inside their economy.

  • 2016-01-07 12:26

    --House Speaker: Still Reviewing 'Enormous' Trade Accord
    --Ryan: GOP Must Offer 'Compelling Choice' in 2016