Thu, Apr 17, 2014, 9:23 AM EDT - U.S. Markets open in 7 mins.

Recent

% | $
Quotes you view appear here for quick access.

Financial News from The Fiscal Times

  • GM Risked Lives to Save 25 Cents Per Car The Fiscal Times - 3 hours ago

    Until now, one of the most perplexing questions in the General Motors scandal is why the storied manufacturer waited more than a decade to recall 1.6 million compact cars with faulty ignition switches that contributed to more than a dozen deaths across the country. GM CEO Mary T. Barra testified to members of Congress …

  • Obamacare: Kill or Cure for Health Care Job Market?

    Throughout even the worst months of the crisis, the health care sector added jobs as reliably as sunrise and sunset. Last year, however, even as the broader economy showed signs of slowly reviving itself, the health care sector began to stumble. Job growth slowed, and slowed some more, until in January of 2014, for the …

  • How Europe Could Finally Call Putin’s Bluff

    The U.S. and its European allies say they want to isolate Russia – as long as existing business and military ties aren’t disrupted. “The United States and Europe stand united on this issue,” President Obama said on March 26. “We’re united in our determination to isolate Russia and impose costs for Russia’s actions.” The …

  • Why Bloomberg’s Nanny Campaign Will Backfire The Fiscal Times - 4 hours ago
    Why Bloomberg’s Nanny Campaign Will Backfire

    Former New York City Mayor Michael Bloomberg offered one of the truly rare defining moments in politics this week – one that doesn’t just define himself, but also his brand of politics, and perhaps the hypocritical outrage over checkbook politics as well. Bloomberg has earned a reputation as a nanny-state progressive with …

  • Walgreen’s Moving to Europe for a Tax Break? It’s the American Way

    Walgreen's may soon be able to change its tagline from "At the Corner of Happy & Healthy" to "Take This Tax and Shove It" if a group of powerful shareholders has its way. The investors, including Goldman Sachs Investment Partners and several prominent hedge funds, own almost 5 percent of the retail pharmacy's stock. Together, …

  • Walt Disney’s Frozen has become a cultural phenomenon that’s earned two Oscars and encouraged little girls to belt out the movie’s hit song “Let it Go.” Their moms, meanwhile, are exasperated that official Frozen merchandise has been sold out for weeks. Disney recently announced that the movie is now the highest grossing …

  • Yellen Says the Only Sure Thing Is Uncertainty The Fiscal Times - 17 hours ago
    Yellen Says the Only Sure Thing Is Uncertainty

    For Federal Reserve Board Chair Janet Yellen, explaining monetary policy to the public is something of a bank shot. She wants to provide the markets with a level of certainty about the Fed’s intentions without committing herself and other Fed policymakers to any particular action at any particular time. The economy has …

  • Signs of Hope in Detroit’s Historic Bankruptcy Case

    After months of turmoil and uncertainty, the broad outlines of a settlement of Detroit’s historic bankruptcy case are beginning to take shape. Kevyn Orr, the emergency manager appointed by Republican Gov. Rick Snyder to take charge of the beleaguered city and lead it through one of its worst periods ever, has set his sights …

  • ACA-Friendly States Are Insuring More People The Fiscal Times - 18 hours ago
    ACA-Friendly States Are Insuring More People

    In another sign that the Affordable Care Act is working as intended, states that have embraced the president’s signature health care law are reducing their uninsured rates faster than those that have not. Gallup’s latest survey shows states that have set up their own exchanges and expanded their Medicaid programs saw their …

  • The F-35 Would Suffer Casualties Under Sequestration

    The F-35 Joint Strike Fighter program would suffer casualties if sequestration returns in 2016, according to a Bloomberg News report that says the Pentagon would reduce expenditures on its most expensive weapons system. The Defense Department’s plan to purchase 343 of the jets from Lockheed Martin would instead be downsized …

  • 4 Hurdles for Obama’s New HHS Chief The Fiscal Times - 21 hours ago

    Sylvia Mathews Burwell, President Obama's top choice to lead the massive Health and Human Services Department, will take over just as the first chapter in the president’s historic health care law comes to a close. While the administration has deemed the Affordable Care Act’s first open enrollment period a success – with …

  • Medicare Advantage Isn’t Reducing Health Care Costs

    Bowing to election-year and industry pressures, the Obama administration this month quietly rescinded cuts to the Medicare Advantage program and boosted subsidies to insurers. If the administration, and Congress for that matter, were serious about attacking health care costs, this was a turn into a blind alley. Medicare …

  • Sex, Cheating and Gambling: Where Americans Draw the Moral Line The Fiscal Times - Wed, Apr 16, 2014 6:15 AM EDT
    Sex, Cheating and Gambling: Where Americans Draw the Moral Line

    Now that we’ve gotten your attention, let us explain why we’re tossing around such terms: Those issues, and five other potential touchstone topics, are the subjects of a new Pew Research Center report on global morality released Tuesday. Pew surveyed more than 40,000 people across 40 countries on what is morally acceptable …

  • Hazardous Roads Ahead for U.S. Highways The Fiscal Times - Wed, Apr 16, 2014 6:00 AM EDT
    Hazardous Roads Ahead for U.S. Highways

    Amid mounting concern that the federal Highway Trust Fund will go bankrupt this summer before Congress can intervene, state officials across the country have already begun pulling back or postponing billions of dollars’ worth of highway, bridge and mass transit projects.  Arkansas state highway and transportation officials …

  • Get Used to It: The Rich Do Get Richer The Fiscal Times - Wed, Apr 16, 2014 5:45 AM EDT
    Get Used to It: The Rich Do Get Richer

    The French economist and author Thomas Piketty spoke in Washington on Tuesday about his unlikely bestseller, Capital in the 21st Century, a 696-page tome on global economic history. Even though he boiled down his research on economic inequality from data going back hundreds of years, his conclusions were very topical in …

  • Obama Promotes a Society of Helpless Victims The Fiscal Times - Wed, Apr 16, 2014 5:30 AM EDT

    Eric Holder stirred up a hornet’s nest the other day, whining to a mostly black crowd about the ill treatment he received from a Congressional Committee. Holder seemed to imply that he and President Obama have come in for rough treatment because they are black.  This is, after all, Eric Holder, the Attorney General of …

  • Jamie Dimon’s Long To-Do List at JPMorgan Chase The Fiscal Times - Wed, Apr 16, 2014 5:15 AM EDT
    Jamie Dimon’s Long To-Do List at JPMorgan Chase

    Jamie Dimon may have believed that when he closed the doors on the financial crisis of 2007 and 2008, his toughest days as CEO of JPMorgan Chase (NYSE: JPM) were behind him. That “to do” list had become a long one over the last few years, as JP MorganChase and Dimon have come to displace Goldman Sachs (NYSE: GS) and CEO …

  • Offshore Tax Havens Cost You $1,259 a Year The Fiscal Times - Tue, Apr 15, 2014 5:06 PM EDT

    Happy Tax Day! Here’s something to think about when rushing to meet tonight’s tax filing deadline: The federal and state government loses more than $180 billion in revenue every year to corporations and wealthy people who shelter their money in offshore tax havens. To put that in context, every U.S. taxpayer would have …

  • Wage Hike Might Mean Fewer Fast Food Joints on Bases The Fiscal Times - Tue, Apr 15, 2014 4:56 PM EDT
    Wage Hike Might Mean Fewer Fast Food Joints on Bases

    New regulations requiring increased wages and benefits for federal contract workers on military bases could result in job losses and fewer food choices for service members and their families, according to 40 lawmakers in Washington who signed a letter last week calling on the Labor Department to exempt some military exchanges, …

  • Both Sides in Obamacare Fight Slam Census Bureau The Fiscal Times - Tue, Apr 15, 2014 4:04 PM EDT
    Two New Studies Raise Red Flags on Obamacare

    The U.S. Census Bureau set of a mild firestorm in the health policy field on Tuesday after revealing to The New York Times that it was planning to execute a complete overhaul of the way that it measures health insurance coverage in the U.S. The combination of lower rates of uninsured people and the inability to compare …

  • Why Putin’s Adventure in Ukraine Is Doomed The Fiscal Times - Tue, Apr 15, 2014 2:38 PM EDT
    Why Putin’s Adventure in Ukraine Is Doomed

    From Russian President Vladimir Putin’s perspective, the plan to annex parts of Ukraine probably goes something like this: take Crimea; “It is classic Russian foreign policy to try to destabilize a country before it completely takes it over,” said Edward Goldberg, a professor at Baruch College and the New York University …

  • Shaheen Accuses Scott Brown of Being a ‘Carpetbagger’ The Fiscal Times - Tue, Apr 15, 2014 1:42 PM EDT
    Shaheen Accuses Scott Brown of Being a ‘Carpetbagger’

    Last weekend, Sen. Jeanne Shaheen (D-NH) bobbed and weaved to avoid answering reporters’ questions about her new high-profile Republican challenger, Scott Brown, and his attacks on her for supporting President Obama’s Affordable Care Act. Yet, when a reporter in Manchester pressed about what most differentiated her from …

  • 'The New IRS’ Lets You Pick How Your Tax Dollars Are Spent The Fiscal Times - Tue, Apr 15, 2014 1:24 PM EDT
    'The New IRS’ Lets You Pick How Your Tax Dollars Are Spent

    Now that you’ve filed your federal tax return — you’ve filed, right? Chances are, though, that you aren’t giving much thought to just how the federal government will be spending all those tax dollars. The site allows people to use interactive and shareable infographics to pick the percentage of tax money that should be …

  • How to Squish the Heartbleed Bug and Keep Your Info Safe The Fiscal Times - Tue, Apr 15, 2014 11:30 AM EDT
    How to Squish the Heartbleed Bug and Keep Your Info Safe

    As the number of these threats increase, more American Internet users are reporting personal information breaches. A Pew Research Center survey from January showed that 18 percent of American Internet users have had important personal information stolen, including Social Security numbers, credit cards and bank account …

  • Grassroots Action Key to Unemployment Insurance Fight The Fiscal Times - Tue, Apr 15, 2014 6:15 AM EDT
    Grassroots Action Key to Unemployment Insurance Fight

    Activists and advocates for the jobless insist that the fight over an extension of federal unemployment benefits for the long-term unemployed didn’t end last Thursday, when a Congressional recess sent lawmakers out of town until the end of the month. Here is the state of play: Last week, after three months of intense argument …

  • Your Taxes Are Still Paying for This? The Fiscal Times - Mon, Apr 14, 2014 5:45 PM EDT
    Your Taxes Are Still Paying for This?

    Yesterday, we told you about the “autopen”-- a machine embraced by the Franklin Roosevelt administration that helped lawmakers sign bills without getting hand cramps.  The Washington Post called it the killer app of 1937. Like the moribund autopen, so is an obviously outdated federal agency. Lawmakers are rallying around …

  • When Selling Your Home on Your Own Makes Sense The Fiscal Times - Mon, Apr 14, 2014 4:55 PM EDT
    When Selling Your Home on Your Own Makes Sense

    Only, you don't want to give up 6 percent in real estate agent commissions. For some people and situations, trying to sell a house on your own -- called “for sale by owner,” or FSBO -- is a mistake. The National Association of Realtors claims that FSBOs represented 9 percent of home sales in 2012 and that the "typical" …

  • CBO Says Obamacare Will Cost Less Than Projected The Fiscal Times - Mon, Apr 14, 2014 3:15 PM EDT
    President Barack Obama speaks at General Electric's gas engine facility in Waukesha, Wis., on Thursday, Jan. 30, 2014. The visit is part of a four-state tour the president is making following his State of the Union speech on Tuesday. (AP Photo/Milwaukee Journal-Sentinel, Mike De Sisti, Pool)

    The White House is kicking off the week with some more good news for Obamacare. The Congressional Budget Office said on Monday that the federal government will spend significantly less than expected on health insurance benefits under the new law. The CBO and the Joint Committee on Taxation said the law’s insurance coverage …

  • How Paycheck Fairness Can Get You Fired The Fiscal Times - Mon, Apr 14, 2014 3:15 PM EDT
    How Paycheck Fairness Can Get You Fired

    Time was a star because it had real clout with presidents and politicians, with publishers and movie moguls, supported by an outstanding roster of top writers including art critic Robert Hughes, book critic, Stefan Kanfer and essayist Roger Rosenblatt. Related: The Rise of Robots and the Decline of Jobs Is Here

  • GOP Mutiny Could Unseat Boehner and McConnell as Party Leaders The Fiscal Times - Mon, Apr 14, 2014 2:44 PM EDT
    Boehner

    It increasingly looks as if the Republicans will regain control of Congress this fall, with the GOP narrowly winning back a majority in the Senate and the House GOP either retaining or slightly building on its majority. But will the two top Republican leaders – House Speaker John Boehner and Senate Minority Leader Mitch …

  • Shocker! Most Americans Say Federal Taxes Are Too High The Fiscal Times - Mon, Apr 14, 2014 1:25 PM EDT
    Shocker! Most Americans Say Federal Taxes Are Too High

    The majority of Americans say their federal taxes are too high — with wealthier people especially unhappy with their tax bills this year. A new Gallup poll released just ahead of tax day shows 52 percent of respondents believe they pay too much in federal taxes. Higher earners tended to be more dissatisfied with their …

  • Facebook Wants to Get Into Your e-Wallet The Fiscal Times - Mon, Apr 14, 2014 12:49 PM EDT
    Facebook Wants to Get Into Your e-Wallet

    The National Bank of Facebook won’t be setting up branches on the corner anytime soon, but the world’s largest social network is apparently moving further into financial transactions than just facilitating the purchase of virtual cows for Farmville players. According to a report in the Financial Times, the California-based …

  • Why NATO’s Strategy Will No Longer Work The Fiscal Times - Mon, Apr 14, 2014 6:15 AM EDT

    The first shots in what many fear may be a war between Russia and Ukraine were fired Sunday, as Ukrainian troops moved against pro-Russian separatists in eastern Ukraine who had occupied government buildings there last week.  The fighting was part of an anti-terror operation launched by Ukraine. The goal of the campaign …

  • Ft. Hood Fallout: Mental Screening for Military Recruits The Fiscal Times - Mon, Apr 14, 2014 6:00 AM EDT

    Military recruits might have a new hurdle to overcome before joining the armed forces: a mental health test. Lawmakers from both parties in Washington are coalescing around legislation that would require military recruits to undergo a mental screening, much like they have to pass medical and physical exams, before starting …

  • Europe’s Sluggish Recovery: A Delusion of Growth The Fiscal Times - Mon, Apr 14, 2014 5:15 AM EDT

    The spring meeting of the International Monetary Fund and the World Bank, which concluded Sunday, was all about our nascent global recovery. “We are at the point where the economy has turned the corner or is turning the corner of the great recession,” Christine Lagarde, the IMF’s managing director, told Charlie Rose during …

  • SAT Changes Could Boost Lucrative Test Prep The Fiscal Times - Mon, Apr 14, 2014 5:00 AM EDT
    SAT Changes Could Boost Lucrative Test Prep

    Jennifer Iadanza has already begun considering how recent changes to the SAT exam may affect her daughter Emma, an 8th grader at Roslyn Middle School in New York State who will be in one of the first high school classes to be affected by those changes.   She says she would use free material as a supplement—but not a substitute …

  • Sebelius Resignation Won’t Mute Obamacare Criticisms The Fiscal Times - Sun, Apr 13, 2014 3:51 PM EDT

    The departure of Health and Human Services Secretary Kathleen Sebelius is unlikely to mute Republican criticism of President Obama’s Affordable Care Act between now and the November midterm elections.  “What you're going to see,” Rep. Marsha Blackburn (R-TN) said today on CBS’s “Face the Nation,” is a continued effort …

  • America’s Ugly Win in Afghanistan The Fiscal Times - Sun, Apr 13, 2014 6:15 AM EDT
    America’s Ugly Win in Afghanistan

    America is creaking towards an ugly win in Afghanistan.  With the growth of the Afghan Local Police (ALP) program and the currently successful presidential elections, we’re finally creating something that looks more like historical Afghanistan and less like the imagined Geneva-on-the-Helmand of 2001.  Historical Afghanistan …

  • We Can Find Consensus on Health Care Cost Reforms The Fiscal Times - Sun, Apr 13, 2014 5:45 AM EDT
    We Can Find Consensus on Health Care Cost Reforms

    With the Affordable Care Act’s open enrollment period now closed, perhaps there is an opportunity for constructive, bipartisan policy discussion on health care reform. One thing that both Obamacare supporters and opponents can agree on is that our health care system remains inefficient. And, although health care inflation …

  • ‘Mad Men’ Premiere Caps 7 Seasons of Change The Fiscal Times - Sun, Apr 13, 2014 12:15 AM EDT
    ‘Mad Men’ Premiere Caps 7 Seasons of Change

    The premiere of “Mad Men” in 2007 might not seem that long ago, but George W. Bush was still president and the economy had yet to officially collapse into recession. HBO and Showtime had proven that they could produce quality television, breaking the monopoly of the broadcast networks, but the idea of a cable channel like …

  • A Federal Shopping List to Curb Waste, Fraud and Abuse The Fiscal Times - Fri, Apr 11, 2014 3:45 PM EDT

    These days there isn’t much that Reps. Darrell Issa (R-CA) and Elijah Cummings (D-MD) can agree on. The two most powerful members of the House Oversight and Government Reform Committee have spent months sparring over whether the Internal Revenue Service targeted conservative groups. Now, however, the unlikely pair seems …

  • Ally Financial Signals Warning for IPO Investors The Fiscal Times - Fri, Apr 11, 2014 1:45 PM EDT

    The IPO market has been churning ahead full speed, running at double last year’s rate and at the hottest pace since 2000. But the IPOs in the pipeline represent a mixed bag, and the renewed volatility in the stock market means investors can no longer count on broader momentum to provide a lift to any new offering. Ally …

  • Obama Turns to Seasoned OMB Chief Burwell to Succeed Sebelius The Fiscal Times - Fri, Apr 11, 2014 1:45 PM EDT

    By choosing White House budget director Sylvia Mathews Burwell to succeed Kathleen Sebelius as secretary of Health and Human Services, President Obama has turned to an accomplished manager and shrewd political tactician to take charge of one of the most difficult portfolios within his administration. With a resume that …

  • 7 Last-Minute Tips for Tax Procrastinators The Fiscal Times - Fri, Apr 11, 2014 9:32 AM EDT
    taxes

    Time to take your head out of the sand, procrastinators – April 15 is just over a week away, and if you haven’t begun preparing your 2013 tax returns yet, it’s time to get cracking. There are options to help you cover the bill.

  • A Glimmer of Hope for Ending Highway Construction Crisis The Fiscal Times - Fri, Apr 11, 2014 6:15 AM EDT
    A Glimmer of Hope for Ending Highway Construction Crisis

    Yet, it has received scant attention from Congress, at least until now. The federal highway trust fund that finances more than $50 billion annually in highway and bridge construction is running out of cash and will be bankrupt by late July or early August, at the height of the construction season, according to Department …

  • Congress Up in Arms Over Pentagon Cost-Cutting Steps The Fiscal Times - Fri, Apr 11, 2014 6:00 AM EDT
    Congress Up in Arms Over Pentagon Cost-Cutting Steps

    In the span of about 24 hours, a handful of lawmakers on both sides of the aisle threw up roadblocks to $18 billion in cost-cutting measures at the Pentagon. About half a dozen members of Congress, independently of each other, raised objections this week to a slew of spending reductions proposed by the Defense Department …

  • Obamacare Battle in Virginia Mirrors National Fight The Fiscal Times - Fri, Apr 11, 2014 5:45 AM EDT
    Obamacare Battle in Virginia Mirrors National Fight

    There’s a Democrat at the head of the executive branch, Democrats in charge of the Senate, and a strong Republican majority in the lower house. A budget battle, sparked by disagreements over the Affordable Care Act, threatens to shut down the government. The scenario is currently playing out about 100 miles south of the …

  • Medicare by the Numbers The Fiscal Times - Fri, Apr 11, 2014 5:30 AM EDT

    For the first time ever, the public finally caught a glimpse of how the massive Medicare program pays its doctors. The Centers for Medicare and Medicaid Services released a massive database on Wednesday revealing how Medicare doled out $77 billion to some 880,000 providers in 2012.  Consumers and media outlets have pressured …

  • Embattled Secretary Kathleen Sebelius Is Stepping Down The Fiscal Times - Thu, Apr 10, 2014 8:30 PM EDT

    Kathleen Sebelius, the long-embattled secretary of Health and Human Services who was at the center of the disastrous rollout and implementation of President Obama’s Affordable Care Act, is stepping down this week after five stormy years in the administration. The New York Times reported Thursday evening that President …

  • Want a Life After 6 P.M.? Move to France The Fiscal Times - Thu, Apr 10, 2014 7:40 PM EDT

    Americans love to make fun of French people, while at the same time envy their lifestyle. Last week, a new labor agreement passed between several main French unions added to that love/hate relationship: ...

Next >>