The former treasury secretary's next move is intended to preserve his dignity. It won't.
The former Treasury Secretary's corrosive career move
The liberal icon and the future of the Democratic Party
Warren's crusade to keep banks from screwing the middle class will affect the outcome nonetheless.
Elizabeth Warren has become a phenomenon for populist Democrats. And that scares Hillary Clinton.
On Monday I wrote that the shutdown/default-threat/Republican extortion plot was essentially over—it was just a matter of Harry Reid and his Republican counterpart, Mitch McConnell, hammering out the final details of a deal whose contours were coming into focus. Once they’d reached a deal, it would pass the Senate with a fair amount of bipartisan support.
The grim, angry, loopy, and predetermined conclusion to Washington's crisis
The crisis in Washington is grinding, miserably, to a close. Here's who wins, and how it shakes out.
Thursday morning John Boehner settled on a clever idea for avoiding a debt default while still appeasing House conservatives: a no-strings-attached debt-limit increase lasting six weeks, coupled with a refusal to reopen the government until Republicans win concessions from the White House in a longer-term budget deal. The financial markets rejoiced. The media breathed a sigh of relief. Twitter turned downright giddy.
Much has been written about Janet Yellen’s views on the proper tradeoff between unemployment and inflation, and about her economic forecasting powers. We know a lot less about her views on financial regulation, a third key responsibility of the Fed chairman.
President Obama shouldn't want it. Neither should John Boehner.
Let’s stipulate that yesterday’s acknowledgement that the White House is open to a short-term debt-limit increase didn’t deserve half the breathless coverage it received. No, White House economic adviser Gene Sperling’s statement was not a “crack” in the Democratic Party line, as Politico put it.
Here's What He Did Last Time
Politico reports today that Joe Biden, who led President Obama's negotiations in last winter's "fiscal cliff" standoff, has been noticeably absent during the showdowns over the government shutdown and the debt ceiling. According to the story by Jonathan Allen and Carrie Budoff Brown, Biden has been banished from the backrooms by Senate Majority Leader Harry Reid, who stipulated a no-Biden policy during planning meetings with the president last summer.
She said what on Sunday?
Jonathan Chait says the problem with Republicans is that they’re operating as if they’re either unaware of or don’t understand why the president can’t negotiate over the debt limit, which he truly can’t do.