With an arrangement to repay its $130 billion taxpayer-financed bailout in place, the American International Group will seek another way to demonstrate its independence: it is planning a debt offering. The insurer disclosed in a regulatory filing on Tuesday that it would issue new bonds for the first time since it was rescued at the [...]
NEW YORK — A large batch of secret American diplomatic cables over the past three years offers an unusual look at back-channel discussions by embassies around the world, unflattering views of world leaders and stark evaluations of nuclear and terrorist threats, The New York Times reported Sunday. The disclosures in the Times and four other [...]
The United States Supreme Court will hear argument Tuesday morning in one of the most important cases of the current term: a dispute between California and the federal courts over whether the state must release criminals from prison early to alleviate overcrowding that has become so dire there that it has been found to be [...]
You can add one more item to the list of problems keeping Sheila C. Bair up at night. The nation’s capitol, she fears, will be ground zero of the next financial crisis. In a Washington Post op-ed article on Friday, Ms. Bair, the chairwoman of the Federal Deposit Insurance Corporation, warned that “excessive government borrowing [...]
The promise dates back to the earliest days of Barack Obama’s presidential campaign. “Obama Calls for the Repeal of Bush Tax Cuts” was the headline in the Feb. 22, 2007, Des Moines Register. Speaking to more than 2,000 Iowans at a town hall rally, Obama said, “Some of the tax breaks George Bush gave to [...]
Gov. Bobby Jindal (R-La.) joined us on today’s podcast to discuss his new book, “Leadership and Crisis.” Jindal and I talked about his notion that conservatives should view public service as a noble calling. Jindal was a Rhodes Scholar at Oxford, and later presided over Louisiana’s health care system at the age of 24, and [...]
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