The repeal of Section 716, the so-called swaps push-out rule, will do little to increase the risk of a taxpayer bailout of Wall Street. But it will reduce the costs of banks’ swap businesses.
A recent hearing on the findings of the blue-ribbon National Defense Panel points to several key items that need to be on the Pentagon’s to-do list over the final two years of the Obama administration.
Congress has passed, and President Obama will soon sign into law, the Achieving a Better Life Experience (ABLE) Act, which will create a new ABLE account. The account is a good idea within the context of the current income tax system, but highlights the system’s inherent limitations.
The days of elite immunity from public knowledge of their words and actions are over. The iPhone and Twitter are stripping away the thick walls that used to hide what was said and done in oak-paneled conference rooms or the hothouse of a Cambridge, Mass., apartment.
A hasty Greek exit from the euro could trigger a run on Greek banks and a further deterioration of the Greek economy. The fallout could also rattle confidence in the entire eurozone system.
Everyone is for preserving an open Internet. However, reclassifying the competitive broadband industry as a regulated utility is not the way to do it.
Here’s what the GOP should do to get ready for a Supreme Court ruling against the White House in King v. Burwell
While a quick rebound in oil prices in the aftermath of the 2008-2009 crisis temporarily alleviated this danger, Russia’s current economic outlook is far gloomier today and potentially coming to haunt its creator.
Cutting the IRS’s funding will result in a serious drop in revenue due to fewer audits and less oversight—which will worsen our federal budget deficits.
Limited capability, Iraq’s uninterest in foreign troops, regional tensions, and fear of domestic blowback limit the anti-ISIS coalition. Short of an about-face by Iraq’s leadership, or a sudden thawing of tension in the Gulf, the dysfunction will likely continue.