Shortly after Donald Trump, a wispy corn husk wrapped around several stacks of sequential hundreds, announced his run for president in June, he suggested his nominee for Secretary of the Treasury would be billionaire businessman Carl Icahn. Icahn initially said he wasn’t interested, but after seeing Trump at last…
It's not every day you get an email from a former director of the U.S. Mint (unless you're married to one, probably) — but it's also not every day that you write about the very real possibility that the U.S. Treasury might mint a platinum coin worth one trillion dollars. Either way, it was an excellent surprise to…
Prominent legal scholars, along with many bloggers with no legal training whatsoever, recently have been floating the possibility that if a deal isn't struck to raise the federal debt ceiling before Treasury's August 2 deadline, then the Obama administration should use a clause in the 14th Amendment to declare the…
Today is the day that the U.S. meets its debt ceiling, meaning we're not allowed to borrow one more penny on top of the $14,307,799,341,563.81 we already owe to the Chinese. Unless Mommy and Daddy and Eric Cantor agree to co-sign our application for a new credit line, that is.
Treasury Secretary Tim Geithner will have surgery to remove a kidney stone, instead off just passing it. It must be enormous.
Barack Obama officially hired liberals' favorite consumer-protector, Harvard professor Elizabeth Warren, to his administration today. She wasn't nominated to head the Consumer Financial Protection Bureau as expected, just to advise the administration as it sets up the agency. Still, good!
Poor Treasury secretary Tim Geithner. The lifetime government official has never worked for evil Goldman Sachs, but no one will believe him. Will he ever be able to shed this Goldman taint?
The new financial reform bill will create a consumer protection agency, the brainchild of professor and TARP overseer Elizabeth Warren, Washington's toughest regulatory voice. She should obviously be its first director! But what if she's "too tough" on banks?
