Gene Sperling

Short-term debt limit hike under consideration by Senate Democrats

Short-term debt limit hike under consideration by Senate Democrats

Senate Democrats are drafting legislation to raise the nation’s debt limit without the type of unrelated conditions that Republicans have said they intend to demand, officials said Monday, as the White House signaled it would accept even a brief extension in borrowing authority to prevent an unprecedented default. The details of the emerging measure were […]

Volcker ending term on Obama’s economic planel

Volcker ending term on Obama’s economic planel

Former Federal Reserve Chairman Paul Volcker is ending his term as chairman of President Barack Obama‘s economic advisory panel next month, a person familiar with the situation said Wednesday. Volcker is a highly regarded voice on financial policy and has been an occasional outside counselor to the White House both as head of the recovery […]