William Cunningham , head of credit strategies and fixed-income research at State Street Corp.’s investment unit in Boston, which oversees almost $2 trillion, comments on the volatility in financial markets.
An independent political action committee backing Republican Joe Lhota for New York City mayor isn’t subject to a state law that bars individuals from giving it more than $150,000 in a year, a federal appeals court ruled.
Bill de Blasio says a defining moment in his campaign to become New York’s next mayor was when he told a roomful of corporate leaders they should pay higher taxes to fund preschool programs for all city children.
Anyone who remembers the collapse of Lehman Brothers Holdings Inc. little more than five years ago knows what a global financial disaster is. A U.S. government default, just weeks away if Congress fails to raise the debt ceiling as it now threatens to do, will be an economic calamity like none the world has ever seen.
When New York Democrat Charles Rangel first ran for U.S. Congress in 1970, he was so friendly with Nelson Rockefeller that the Republican governor wished him happy birthday, handed him a map and a pencil, and told him to draw his own district.
The world’s biggest bond dealers are finding fewer Treasuries to sell to the Federal Reserve as its $600 billion purchase program nears an end, a signal of rising demand even as the largest buyer steps away.