Obama's Next Fed Fight
June 02, 2014
Why Michael Barr will be just as unacceptable to progressives as Larry Summers.
Why Elizabeth Warren Will Likely Be Confirmed
July 27, 2010
Last week, Senate Banking Committee Chairman Chris Dodd aroused the ire of progressive activists when he wondered whether Elizabeth Warren, the former Harvard Law professor who is a leading candidate to head the new Consumer Financial Protection Bureau, would be “confirmable.” “There’s a serious question about it,” he said on NPR’s “Diane Rehm Show.” Dodd’s concern is legitimate given that a mere 41 votes can block action in the Senate, and that the GOP has been willing to filibuster even seemingly popular proposals.
April 20, 2010
Some two dozen executives from large corporations will be descending on Capitol Hill today to make the case against over-regulating derivatives. The “fly-in” is being organized in part by the U.S. Chamber of Commerce through a group called the Coalition for Derivatives End-Users, according to the Chamber’s Ryan McKee. Many corporations use derivatives to hedge against fluctuations in the price of their inputs—for example, an airline might sign a contract to lock in future fuel prices, thereby passing the risk along to someone else.