Paul O'Neill News
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Here’s the White House view of the current trilogy of so-called scandals: Republicans are trying to destroy President Barack Obama’s second term by magnifying bureaucratic miscues and distorting policy realities. This isn’t without some merit.
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President Barack Obama’s re-election is a chance to improve the tax code as part of talks to resolve the looming fiscal cliff, according to two former Treasury secretaries, Paul O’Neill and Robert Rubin.
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The U.S. economy will improve slowly and another round of fiscal stimulus probably wouldn’t be effective, former Treasury secretaries Paul O’Neill and Robert Rubin said.
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Alcoa Inc., the first Dow Jones Industrial Average member to report results each quarter, is losing its accuracy as a bellwether for the U.S. stock market.
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In early 2001, Paul O’Neill, the new Treasury secretary, began work on a plan for radical tax reform. He wanted simpler forms and fewer deductions, which would make it easy for people to prepare their taxes and cost the government less to process them. He presented a five-inch-thick binder of research to a senior White House official.
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Raising the U.S. national debt ceiling shouldn’t be an issue in negotiations over the federal government budget, two former Treasury secretaries said.
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Former Treasury Secretary Paul O’Neill said members of Congress who threaten to oppose an increase in the federal debt limit are “terrorists” who are putting the government’s credit rating at risk.
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U.S. financial regulators should speed up designation of systemically important nonbank firms to bolster efforts to prevent a repeat of the 2008 credit crisis, according to members of the newly formed Systemic Risk Council.
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What would happen if a corporation rejected financial goals as practically subversive of its true aspirations?
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Two years after passage of the Dodd- Frank financial reform law, how are we doing putting in place crucial provisions, including a way to control systemic risk?
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