Deal Will Come, but May Disappoint

Confusion usually reigns in Washington, D.C., negotiations just before a solution emerges. Small signs can signal big things to come. Confusion usually reigns in Washington, D.C., negotiations just before a solution emerges. Thus, small signs can signal big things to come. As Federal Reserve …

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Written by Steve Bell on Wednesday July 13, 2011

Technical Default? Don't Even Think About It

Senator Toomey is claiming that a technical default will be relatively painless. Every message from Wall Street is telling him he's wrong. This past week, differing assessments of the effect of a “technical default” on United States sovereign debt widened the debt ceiling split among …

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Written by Steve Bell on Friday June 10, 2011

Toomey Brushes Off Debt Default Danger

Senator Pat Toomey might not want to face a default, but he also thinks it wouldn't be the end of the world. Would markets feel the same way? Senator Pat Toomey claims that he doesn’t want the US to face a default, but he is definitely interested in the arguments made by conservative op-ed …

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Written by Noah Kristula-Green on Wednesday May 18, 2011

Toomey's Budget: Too Good to Be True

Sen. Toomey's budget proposal promises a budget surplus achieved painlessly through a combination of tax cuts and spending increases. It's not going to happen. I am mightily impressed by Sen. Toomey’s budget proposal. It promises to achieve a budget surplus and, most importantly, it does that …

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Written by Andrew Pavelyev on Thursday May 12, 2011