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Will Senate Recess Without Approving Zika Funding Amid Mosquito Season?
Wednesday, June 29, 2016 - 2:19pm | 395Read More...Congressional Republicans proposed a Zika-virus funding package valued at $1.1 billion that was ultimately blocked by Democrats and shot down. A vote failed 52 to 48 to advance the legislation. According to the Washington Post, the bill contained politically motivated language against Planned...
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Hold The Champagne, Congress Is Just Getting Started
Tuesday, October 15, 2013 - 3:11pm | 3356Read More...Stocks finished in the green for a third consecutive day on Monday as hope for a deal that would avert a debt default and reopen the government grew throughout the session. Things started off a bit on the rocky side however as the DJIA was down more than 100 points two minutes after the opening...
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The Bi-Partisan Debt Debate: All-Or-None vs. Fill-Or-Kill
Monday, October 14, 2013 - 2:46pm | 488Read More...By Bryan Wiener As we enter week three of the US debt debacle, the powers that be are not necessarily closer to an agreement than they were 14 days ago, but investors are seemingly pricing that probability into the market. The major indexes in the US rose in dramatic fashion last Thursday,...
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Senate Finally Reaches Deal on Student Loans
Friday, July 19, 2013 - 7:54am | 614Read More...With the August recess looming, along with the return of students to college, a bipartisan group of Senators, under the leadership of Majority Whip, Dick Durbin, reached a compromise on student loan rates, according to Politico. Senator Lamar Alexander said, “It would save students in 11...
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Surprisingly, Politicians Could Boost Medical Device ETFs
Thursday, December 13, 2012 - 8:21am | 888Read More...It is a big "if" regardless of sector or asset class, the "if" being possible help from Capitol Hill, but it is possible that a group of U.S. senators could boost the fortunes of medical device stocks and the ETFs that track those equities. As has been previously noted, medical device ETFs, such...
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Benzinga Market Primer, Wednesday November 28
Wednesday, November 28, 2012 - 7:39am | 868Read More...Futures Drop on Fiscal Cliff Fears U.S. equity futures fell in pre-market trading as traders renewed fears over the fiscal cliff saw stocks skid Tuesday and futures continue to move lower overnight. Comments from Senate Majority Leader Harry Reid Tuesday that Congressional leaders were not...
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When Will Senate Democrats Start Doing Their Job?
Friday, October 7, 2011 - 2:19pm | 595Read More...National unemployment is at 9.1%, the United States is $14.7 trillion in debt, and the Senate Democrats continue to be a roadblock in the recovery and solvency of America. It has been 891 days since the Senate passed a budget, 891 days since the Democratic majority put people above politics and did...
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Obama, Congressional Leaders Say Debt Deal Reached; Futures Soar
Sunday, July 31, 2011 - 11:08pm | 523Read More...The President of the United States told the country on Sunday evening that Republican and Democratic leaders in the Senate and House of Representatives have struck a deal to raise the nation's debt ceiling. The tentative agreement comes after a weekend of intense negotiations on Capitol Hill. “...
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Fox Business Network Reports Wall Street Is Expecting Sen. Reid To Give "Some Sort Of Clarification" On His Statement That Banks Are Not Lending
Friday, July 29, 2011 - 2:52pm | 375Read More...FOX Business Network (FBN) Sr. Correspondent Charlie Gasparino reports that Wall Street is expecting a clarification from Senator Reid following his earlier comments that banks are not lending. Senior bank officials told Gasparino “what Reid said is false,” and that “there is no change in bank...
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When The Fat Lady Sings
Friday, July 29, 2011 - 12:08pm | 731Read More...It may not be the fat lady singing at the end of the opera, but the portly Congressmen this time is talking about the end game. Congressmen Barney Frank (D-MA) said that he believes a default is more likely now than it was before, with all of the finger pointing and fighting going on in Washington...
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Hello Darkness, My Old Friend
Friday, July 29, 2011 - 10:19am | 772Read More..."Hello darkness, my old friend"-Simon & Garfunkel This morning we saw second quarter GDP come in much weaker than expected, as the economy grew 1.3% annualized in the second quarter. Expectations were for a reading of 1.7%. The real kick in the pants was the revision to first quarter GDP...
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Euro Edges Higher against U.S. Dollar on Falling Unemployment in Germany
Thursday, July 28, 2011 - 5:43am | 967Read More...The euro edged higher against the U.S. dollar on Thursday as Germany's economy continued to show signs of strength. At the moment, the euro rose 0.08% against the U.S. dollar to trade around $1.4381. At the same time, the Japanese yen proved too strong for the euro as the European currency...
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Harry Reid Is A Liar
Wednesday, July 27, 2011 - 3:28pm | 701Read More...Senator Harry Reid's (D-NV) plan that came out earlier this week was SUPPOSED to cut the deficit by $2.7 trillion over the next decade. Well results are back from the Congressional Budget Office. Turns out that Reid is lying, and his cuts are nowhere near what he claims. The CBO says that the...
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How to Profit from a Downgrade of US Credit Rating
Wednesday, July 27, 2011 - 8:44am | 678Read More...Regardless of whether President Barack Obama and the United States Congress can reach an agreement to avoid a default on American debt, it's looking increasingly likely that the United Stated will finally lose its "AAA" credit rating. While President Obama and House Speaker John Boehner continue...
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In Mr. Rogers Neighborhood, We're No Longer The Best House On The Block
Tuesday, July 26, 2011 - 11:50am | 703Read More...The house is crumbling from the foundation in this neighborhood. Noted investor Jim Rogers has said that the U.S. has already lost its prestigious AAA credit rating, and as such, Rogers is short the U.S. bond market, and has been short since June 10. Rogers was interviewed by the Wall Street...
