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Summers out of Fed chief chase

Summers out of Fed chief chase

For weeks, Lawrence Summers had been considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman. A renowned economist, Summers built close ties to President Barack Obama when…

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…

Obama-GOP tax bill passes key Senate hurdle

Obama-GOP tax bill passes key Senate hurdle

Far-reaching legislation to avert a Jan. 1 income-tax increase for millions won overwhelming support in a Senate test vote on Monday, backed by an uneasy and unusual alliance between the…

Obama finds Jon Stewart show is nothing to laugh about

Obama finds Jon Stewart show is nothing to laugh about

President Barack Obama apparently thinks politics is no laughing matter, even when he’s staring down a comedian. Obama barely cracked any jokes during an appearance Wednesday on “The Daily Show”…

White House propaganda shades truth on slow job recovery

White House propaganda shades truth on slow job recovery

White House propagandists hit the talk show circuit Sunday to claim success in reversing the longest recession since the Great Recession but the glowing claims downplayed the economic reality of…