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Senate OK’s Rise in Debt Ceiling – ABC News
The debt ceiling will rise once again — this time by $ 1.2 trillion — after the Senate today blocked a resolution that would have denied President Obama an increase. The increase is enough to keep the government running and … Continue reading
RBI says rates to respond to sustained inflation down move – Reuters India
CHENNAI (Reuters) – The Reserve Bank of India (RBI) will watch for a sustained fall in inflation before it moves ahead with a cut in policy rates, Deputy Governor Subir Gokarn said on Monday. “…certainly interest rates will respond to … Continue reading
Obama’s Slam Dunk Of A Pick, Set By Mitch Daniels – Forbes
Last summer during the debt-ceiling negotiations, I warned that congressional Republicans and President Obama had cut a backroom deal to cover each other’s posteriors in order to raise taxes and cut Social Security: House Republicans are … Inflation Policy News … Continue reading
Debt-Limit Debate Returns to Congress as Budget Decisions Wait – Businessweek
“I expect a great deal of hot air to be expended but nothing substantive … for the tax and spending decisions that have been made by the Congress.” Obama’s annual budget request due Feb. 6 will probably restate previous proposals … Continue reading
Ron Paul Nevada Team Salutes New ‘Veterans for Ron Paul’ – The State Column
The Ron Paul for President Campaign released the following statement: The Ron Paul 2012 Presidential campaign announced today new members of its active “Veterans for Ron Paul” nationwide coalition. Today’s additions hail from Carson City, Clark, and … Inflation Policy … Continue reading
Ron Paul says he has no intention of dropping out of race – Detroit Free Press
GORHAM, Maine — Ron Paul said today the Republican presidential race has “a ways to go” and he doesn’t intend to get out or get behind another candidate anytime soon. The Texas congressman was campaigning in Maine, which holds caucuses … Continue reading
Federal Reserve Abandons Core Consumer Price Index – US News and World Report
David Shulman is a retired Wall Street executive who is now a senior economist at the UCLA Anderson Forecast. He is also affiliated with Baruch College (CUNY) and the University of Wisconsin. Amidst all the hoopla surrounding the Federal Reserve … Continue reading
Forex: EUR/CHF soars after KOF – FXStreet.com
FXstreet.com (Barcelona) – The pair rocketed to new session highs (1.2080 area) after the weaker-than-expected print of the KOF Leading Indicator, falling to 0.17 against a -0.07 estimated previously. The reading has confirmed the gloomy scenario lying … Inflation Policy … Continue reading
Oil prices heed the Fed, ignore Iran – Yahoo Finance
SAN FRANCISCO (MarketWatch) — There was an unintentional showdown Thursday between the U.S. Federal Reserve and Iran. The Fed won, and here’s how we know: Oil prices rose. After weeks of mounting tension over Iran’s rogue nuclear program … Inflation … Continue reading
Rep. Thornberry Predicts Congress Will Void First Batch of DOD Cuts – US News and World Report
Without such a deal, the defense cuts—and an equal amount of other … He was referring to the health care reform law Obama pushed through Congress in 2010, which the Congressional Budget Office has said could cost more than $ … Continue reading