JP Morgan gets to write off its $13 bill fine. Thanks to Congress, homeowners don't get to write off the help it provides.
It was an awful time. Federal employees had to take unpaid furlough days. Beneficiaries were thrown off of federal programs. Courthouses had to be sold. Federal agencies like the FBI, the Food and Drug Administration, and the National Institutes of Health strained to meet commitments, leading to more crime, more outbreaks of disease and less basic research, among other horrors.
And it’ll only cost you $12.50 a year.
Did the White House just open the door to some kind of short-term increase in the debt limit, perhaps to allow broader negotiations over fiscal priorities? Several media outlets are reporting as much. A senior administration official says that’s incorrect. I’m not sure who’s right or how much it actually matters. But, just in case, here’s the story.
Today marks the fourth day in the largest fast-food walkout in U.S. history. One of the strikers’ key demands is a $15 hourly wage, slightly more than double the federal minimum wage of $7.25. Most people know that fast-food workers are on the low-end of the pay scale, but how low, exactly?
Ah, the rush of having the ear of the President of the United States. A few weeks ago, for the magazine’s package of suggestions for Barack Obama to resuscitate his second term, I wrote the following:
The Republican National Committee didn’t wait for President Obama to give his big address today before rendering a verdict on it. “Same Speech, Different Day.” And, for a change, they had it exactly right.
The money Is drying up—and America's most storied firms are terrified
A dispatch from the last days of big law
What Fox gets wrong about female breadwinners
The truth about female breadwinners.
And stimulus. And also some amnesia
That is the overly simplistic question.