LawNews
D.C. Circuit Signals Doubts on IRS Tax Preparer Regulations
In oral argument today, the D.C. federal appeals court appeared ready to throw cold water on the IRS’s claim to have the authority to regulate… Read More
Next Fed Chairman: Independence Is Paramount
Larry Summers withdrew his name from consideration for the next chairmanship of the Federal Reserve. The office currently occupied by Ben Bernanke wields enormous power… Read More
Inside the Dysfunctional IRS
As bad as the political persecution of conservatives by the IRS is—and it is really bad—if the IRS were to replace half of its workforce… Read More
IRS-Gate: The Potential Criminal Implications
With the announcement by Attorney General Eric Holder of a criminal investigation of the IRS over the agency’s targeting of conservative Tea Party and other… Read More
One of America’s Biggest Exports: Treasury Securities
The Bureau of Economic Analysis (BEA) recently released statistics on U.S. exports for January, but failed to mention of one of the biggest U.S. “exports”—federal… Read More
China Is Not Our Banker
China has fallen behind Japan as the largest foreign holder of U.S. securities. The Department of the Treasury’s new numbers are good only through June… Read More
EconomyNews
The Curious World of Jack Lew, Treasury Secretary Designate
President Obama has nominated White House Chief of Staff Jack Lew to succeed Timothy Geithner as Treasury Secretary. Lew could be in for some tough… Read More
Morning Bell: Don’t Raise Debt Ceiling Without Balancing the Budget
All across America, families are balancing their budgets and even paying off debt. Since the financial panic of 2008, personal debt has fallen as Americans… Read More
Debt Ceiling: Default Not at Issue, Federal Spending Is
President Obama is expected to make his case for a debt ceiling increase at a press conference this morning. The development comes as House Republicans… Read More
Chinese Money Mysteries Solved
The Wall Street Journal this week observed that money is leaving China. It has been doing so off and on since the economic crisis began,… Read More
