Puerto Rico’s billions of dollars in outstanding debt involves a complicated mix of obligations: general government bonds sold by Puerto Rico, sales tax-backed bonds, electric power revenue bonds … it’s a long list. Bond insurers are on the hook for a portion of the debt if the government agencies that issued the bonds fail to […]
Government agencies are working on ways to trim their workforces, as requested by the Trump administration. Offering buyouts to federal employees is one way – but up till now the maximum that can be offered is $25,000. A Senate bill coming before a committee today could increase it to $40,000 – the first bump in […]
Kevin Warsh is a name that has emerged as one of the front-runners to succeed Janet Yellen at the Chair of the Federal Reserve when her term is set to expire in February. Warsh has been outspoken about his criticism of the Federal Open Market Committee under Yellen and is very well connected in the banking […]
When Congress finally gets down to hashing out a tax plan, there’s going to be a lot of talk about whether it needs to be deficit neutral. But what does that really mean, and how do you get there? A whole lot of gimmickry. Click the audio player above to hear the full story.
The Obama-era regulation known as the Clean Power Plan is expected to be the next target for the White House to cut back regulations. It’s something of a zombie, since the Supreme Court halted its rollout, yet the EPA is required to take measures to regulate carbon pollution (due to an agency finding that greenhouse […]
This week, Facebook handed over 3,000 Russian-linked ads to congressional investigators. The ads give just a glimpse into the scope of Russian meddling in the presidential election. Facebook has characterized the ads as appearing to amplify racial and social divisions. Now The Washington Post has a story about how Russian operatives used a sophisticated Facebook advertising tool […]
The former CEO of Equifax will spend much of this week testifying on Capitol Hill. Richard Smith is scheduled to appear before no less than four congressional committees, over three days. Lawmakers will be asking lots of questions about the massive data breach at Equifax. Less clear is what happens next. Click the audio player […]
