The FDIC has important roles to fulfill under the Dodd-Frank Act, in preventing systemic failures of big banks. But it needs a new director to replace Sheila Bair to get its part done.
It may be called the United States of America, but the economies of each of the states are vastly different from one another. A new book maps it all out.
After months of debate, only two debt plans are currently on the table: a Democratic plan that avoids cutting Medicare and Social Security, and the Republican plan to raise the debt ceiling in stages.
Washington took to the airwaves yesterday to explain why there was still no plan to raise the debt ceiling. Meanwhile, Wall Street is holding its breath and hoping for a deal before the August 2nd deadline.
U.S. Treasury bonds have typically been the safety investment for investors, but the debt risk means U.S. debt is less safe. So, the new darling currency is the Swiss Franc.