Republican Senator Rob Portman doesn’t have a committee chairmanship or a leadership post. One asset he wields in the politically divided capital is a direct line to a prominent Democrat: Treasury Secretary Jacob J. Lew.
The pound rose to its highest level versus the dollar in 12 weeks as U.K. Chancellor of the Exchequer George Osborne said Britain’s economy is turning a corner and is in the early stages of a recovery.
At this point, Larry Summers isn’t just the favorite for Federal Reserve chairman. He’s the overwhelming favorite. Unless something truly unexpected shows up in the vetting process (a paid toast at Bashar al-Assad’s birthday party, for example) or the administration comes to believe Senate Democrats will revolt against a Summers nomination, he’s going to get the job.
Facing a sixth fiscal showdown with congressional Republicans, President Barack Obama’s economic and political advisers are divided over how far to push in pursuit of a deal on the budget and the nation’s debt limit, according to two people familiar with the discussions.
White House Budget Director Sylvia Mathews Burwell, speaking in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend, rejected delaying the health-care law as a way to get a budget deal with Congress and voiced optimism that talks with lawmakers would avoid a government shutdown.
White House Budget Director Sylvia Mathews Burwell rejected delaying the health-care law as a way to get a budget deal with Congress and voiced optimism that talks with lawmakers would avoid a government shutdown.