Looking back at the early years of the Obama era, one cannot help but be amused at the apparent earnestness with which the former president declared war on special interests, the “revolving door,” and excessive wealth. Knowing what we know now, it is easy to forget Obama’s pledge to ban lobbyists from his administration, or the time he …
Freshman Senator and 2016 frontrunner Elizabeth Warren (D., Mass.) has written a memoir. The book documents her rise from humble beginnings, her tireless efforts to establish the Consumer Financial Protection Bureau, and the internal struggles of someone who never really wanted to come to Washington, D.C., and get involved with politics, but who nevertheless has found it hard to quit the nation’s capital.
Here are 16 takeaways:
Without an extension of unemployment insurance as part of a fiscal cliff compromise, more than 2 million Americans, or roughly 43 percent of those receiving unemployment benefits, will lose Emergency Unemployment Compensation (EUC) benefits at the end of the year, according to a report from the Department of Labor.
The developing Libor scandal has ensnared Obama Treasury Secretary Timothy Geithner, the Washington Post reports.
The New York Federal Reserve and its then-chairman Timothy Geithner were informed as early as 2007 about problems pertaining to Libor, a critical interest rate that sets the tone in the global marketplace, according to the Washington Post.
Treasury Secretary Tim Geithner will resign his post at the end of the year, according to his father-in-law, who was overhead dishing on his kin at a New York restaurant.