The crisis in Russia worsened Tuesday when Standard and Poor’s (S&P) placed the nation on negative credit watch. In a statement, S&P said that the move “stems from what we view as a rapid deterioration of Russia’s monetary flexibility and the impact of the weakening economy on its financial system.” The...
In less than two weeks on the job, the 114th United States Congress has taken major steps towards undoing one of the most important pieces of financial legislation this decade. Rep. Mike Fitzpatrick (R-PA) is a member of the House Financial Services Committee. Last week, Rep. Fitzpatrick introduced a bill...
In Tuesday night’s State of the Union address, President Barack Obama laid out his plans for the final two years of his presidency—and the focus will be on the country’s working class. “The verdict is clear — middle-class economics works,” President Obama claimed. “Expanding opportunity works. And these policies will...
Since the end of the financial crisis, consumer advocates have pushed for fiduciary duty on Wall Street—an obligation for brokers and financial advisors to act in the best interest of clients at all times. Last week, President Obama added his voice to the cause. Speaking to a gathering at AARP...
The ongoing debt saga in Greece has reached its turning point—and it’s not likely to end well. Last week, a bailout deal between the Greek government and their European creditors appeared certain. But Prime Minister Alexis Tsipras abruptly broke off talks, causing the Greeks to miss their scheduled payment to...
While we celebrated our independence this past weekend in the States, Greece willfully entered what may be the most uncertain era in the long history of their country. In a result that shocked international experts—as well as the country’s European creditors—Greek citizens voted on Sunday to reject the terms offered...
Wall Street’s markets have been in full-fledged panic mode since yesterday morning. The Dow shed 1.3% on Tuesday, and dropped another 1% at the start of trading Wednesday. Presidential candidate Donald Trump was quoted as saying the potential fallout could ‘devastate’ the United States. It’s all a reaction to a series...
The top 10 Republican presidential candidates squared off Wednesday night (October 28, 2015) in Boulder Colorado, in the third GOP presidential debate. The 10 GOP candidates, who qualified for the debate, did so in accordance to how they stand in the polls, according to the Real Clear Politics average of...
Photo: Courtesy of cbsnews.com MILWAUKEE, WI - The top 8 Republican presidential candidates squared off Tuesday night (November 11th 2015) in the fourth GOP presidential debate. Here's who qualified for the debate, and where each candidate stands in the polls, according to the Real Clear Politics average of five recent national polls: •...
On the eve of his impeachment acquittal, President Trump stood before both chambers of Congress to deliver his third State of the Union Address. A divided room cheered and jeered the President throughout the speech which touted his administration's accomplishments during his first term in office. Despite...