The first annual losses in U.S. government-backed mortgage bonds since 1994 are deepening as the dual threats of a new regulator and a Federal Reserve pullback leave buyers navigating around what JPMorgan Chase & Co. calls a modern-day Scylla and Charybdis.
A day after President Barack Obama raised the stakes on his three-year-old health-care overhaul by declaring his online insurance exchange fixed, more than 800,000 people will test the website’s capabilities.
President Barack Obama raised the stakes on his three-year-old health-care overhaul yesterday, declaring that fixes to his administration’s troubled insurance exchange website make it ready to sign up 800,000 people a day.
Allowing emergency unemployment benefits to expire at the end of the year would cause the U.S. jobless rate to decline by as much as 0.5 percentage point, according to Michael Feroli at JPMorgan Chase & Co.
Heritage Action, the angry conservative id that has swallowed the Heritage Foundation (and much of the House Republican Conference) whole, just announced that it will treat Janet Yellen’s nomination for chairman of the Federal Reserve as a “key” vote. The designation is intended to pressure Republican senators, who presumably risk being labeled soft on monetarism if they vote to elevate Yellen.
With less than three weeks until their deadline, U.S. budget negotiators have yet to break an impasse over revenue, prompting lawmakers to draft plans to blunt $19 billion in defense cuts set to start in January.
During the 899 days he has waited for the Senate to vote on his nomination to a top job at the Environmental Protection Agency, Ken Kopocis has amassed compliments from Senate Republicans and a predecessor.