The issue didn’t come up during last week’s GOP debate, so Trump didn’t have the chance to elaborate on his declaration that he would have approved the project only if the Canadian company forked over 25 percent of its profits.
These changes would be politically popular, relatively modest and enjoy at least some bipartisan support. Although the prevailing political climate makes it hard for lawmakers to do anything of substance, making the health care law more friendly to consumers and less accommodating to corporate interests would appeal to voters across the spectrum. Continue reading
When it comes to bailouts, monetary policy, and banking regulation, the Federal Reserve has the last word. No one – not the President, not Congress, not anyone – stops the Fed from doing what it has determined to do. Until last week. Continue reading
Thought you’d heard the last of government bailouts? Think again. The Federal Reserve Bank of New York, which played a central role in the legendary bailouts of 2008 and beyond, has published a piece calling on federal, state and local governments to join forces in what could be the most far-reaching bailout of all time. And here’s the kicker: it is all benefit and no cost. No, really. Continue reading