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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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