National economics correspondent, The Wall Street Journal

Puerto Rico Has No Easy Path Out of Debt Crisis

wsj.com — Observers see a default, then an eventual government shutdown; 'This is going to be painful' Its economy has been mired in recession for years. The public is fed up with austerity. Investors want big premiums to lend to a government deep in debt, with no ability to devalue its currency.

Time Running Out for Ex-Im Bank

wsj.com — WASHINGTON-The U.S. Export-Import Bank appears to have missed its last chance to avoid falling into a summer limbo as supporters shifted their focus to trying to salvage the agency in July. A handful of Senate Democrats who had pushed to keep the bank alive voted to advance trade legislation Tuesday without any assurances the bank would win reauthorization before its charter lapses next Tuesday.

Health Law Repeal Would Raise Federal Deficit by $137 Billion in 10 Years, CBO Says

wsj.com — Ending health subsidies would increase number of uninsured Americans by 19 million in 2016 Repealing the Affordable Care Act would cost the U.S. government $137 billion over the next decade, the Congressional Budget Office said on Friday. The new report is the first federal assessment since the main provisions of the law took effect in 2014.

A Woman Will Go on the $10 Bill, Twitter Explodes

blogs.wsj.com — The Treasury Department's decision to put a woman on America's paper currency for the first time in more than a century drew a common reaction on Thursday: It's about time that happened. But reaction on social media and among some financial commentators elicited another response: Why dump Alexander Hamilton?

GE’s Immelt Warns Against ‘Retreat’ on U.S. Economic Leadership

blogs.wsj.com — WASHINGTON-Failure to approve trade legislation and to renew the charter of the U.S. Export-Import Bank would signal that America is "in full retreat on the global stage," said Jeffrey Immelt, chief executive of General Electric Co. on Wednesday.

Fannie and Freddie Caught in Vicious Circle on Dividends

wsj.com — Fannie Mae and Freddie Mac are borrowing from the Treasury to pay the Treasury: The two mortgage behemoths still ask the Treasury Department every quarter for billions of dollars in cash, most of it going right back out the door to pay dividends to the same U.S. agency.

Q&A: A Woman on the New $10 Bill

blogs.wsj.com — The Treasury Department announced Wednesday it will include a woman on the redesigned $10 bill, which currently features the image of its own founder, Alexander Hamilton. Here's some more details on the new bill: Who's going on the $10? The Treasury hasn't decided.

Jacob Lew: No Evidence Regulation Caused Oct. 15 Trading Volatility

wsj.com — Treasury chief says wrong to infer volatility was driven by the Volcker Rule Treasury Secretary Jacob Lew told lawmakers Wednesday he has seen no evidence that new regulations contributed to the sudden, large fluctuation in the U.S. Treasury market on Oct. 15.

White House Budget Chief Warns on Government Shutdown

wsj.com — Shaun Donovan says both parties need to hash out proposed spending increases soon The Obama administration's budget chief warned Tuesday that the government could face another partial shutdown this fall if both parties don't soon sit down to hash out proposed spending increases.

5 Questions on Trade Adjustment Assistance

blogs.wsj.com — In some respects, TAA has been everyone's second-favorite option for some time. Many conservatives see the program as wasteful spending that they'd rather cut out altogether. To the extent they have supported TAA, they've largely done so as a political gesture to secure cover for those who support trade but also face pressure from labor unions and other trade critics.
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Jun 30, 2015

RT @dandrezner: I'm not sure what's loonier, @JimCarrey's anti-vaxxer position or his labeling Jerry Brown as a "corporate fascist." twitter.com/jimcarrey/stat…

Jun 30, 2015

Puerto Rico's electric utility is near a deal with its creditors to avoid default on.wsj.com/1IL94fe via @kuriloff

Jun 30, 2015

Wait, why are we ticketing jaywalkers but not the moving cars that pedestrians have to weave around in the crosswalk? pic.twitter.com/33i5dRwhYd

Jun 30, 2015

Greece, which borrows in a currency it doesn't print, would be the first advanced economy to default on an IMF loan on.wsj.com/1C3xvrJ

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