The easiest way for the United States to keep paying the debts it owes is for Congress to raise the debt ceiling like it usually does. However, House Republicans do not want to do it the easy way. Silly problems call for silly solutions of which there is no shortage.
Publicity-wise, Bloomberg Businessweek's Thursday report on AIG's financial ill-health and the federal maneuvering to hide it came at a bad time, following a spate of glum financial news and a Frontline documentary that picked at the scabs of 2008's financial collapse.
In an assertive but unsurprising move, the Obama administration threw a road block between Wall Street and some of the world's most prominent organized crime gangs, including a yakuza godfather and his deputy.
The U.S. Treasury Department issued a report Tuesday saying they would not term China a "currency manipulator," despite widespread claims that the Chinese government keeps the value of the yuan artificially low
Anger at Obama is "inexplicable," Treasury secretary says
A report from the TARP regulator finds regulators bent the rules to let the banks get out
The bank violated trade laws three times over the last six years
Bank of America, JPMorgan, and, yes, Freddie Mac have more money
Pretty much everyone agrees: crisis. But the details are interesting
He'll talk about cutting domestic, defense, & health care spending, and closing tax breaks
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