POLITICUSUSA
President Donald Trump has courted significant controversy since announcing he will look into loosening federal guidelines for social distancing and urge businesses to reopen even as the nation grapples with the coronavirus pandemic.
Over the past weekend, in an effort to inject a boost to an already fragile economy and stock market, the Federal Reserve dropped interest rates down to zero percent.
It was a demand that President Donald Trump had frequently made of the Fed for several months. In recent weeks, Trump also implied that the move would help stave off more drops in the stock market, as the world grapples with the economic fallout from the coronavirus pandemic.
In spite of deeply held concerns from medical professionals and the business world alike, President Donald Trump appeared to mock the worries posed by the spread of COVID-19, or coronavirus, around the globe and within the United States.
Wall Street stock markets dropped so precipitously on Monday’s opening bell that a 15-minute delay in all trading conducted was triggered.
Such a trigger happens on trading when the S&P 500 dips below 7 percent from its previous close, Bloomberg reported. If the rate drops down to 20 percent below its previous close, Wall Street itself will close for the day.
The wealth taxes Democratic presidential candidates Elizabeth Warren and Bernie Sanders have proposed continue to provoke the malice of Wall Street, corporate democrats, and now even other Democratic candidates running for president.
Republicans in the House of Representatives are about to dismantle financial reforms enacted by President Obama after the Great Recession.
Even when Barack Obama isn't in the White House, Republicans in Congress are trying to bring him down.
Trump conned coal miners in order to win the White House, but Ohio Sen. Sherrod Brown promises not to let him get away with it.
Now we know why many of Trump's proposals, from his disastrous health care legislation to his proposed budget cuts, would hurt the "little guy" and benefit the wealthy.
Wall Street executive Steve Mnuchin was officially sworn in as treasury secretary on Monday.
"In 2007 I was alarmed and called for addressing risks of derivatives, cracking down on subprime mortgages and improving financial oversight."
Instead of adhering to the new Obama Department of Labor rule, AIG is selling the AIG Advisor Group to a Canadian pension investment manager
Democratic presidential candidate Bernie Sanders laughed out loud at Wall Street's attempt to blame his presidential candidacy for the drop in global markets.
Cruz's actions, which his spokesperson now claims were "inadvertant," show that he is a hypocrite as well as dishonest
Clinton warned us a year before the true nature of Wall Street and the financial sector's malfeasance manifested in a worldwide recession
Hillary Clinton took aim at Wall Street's dark influence over D.C. by supporting Sen. Tammy Baldwin's bill to end the revolving door enabled by golden parachutes.
For Florida taxpayers, their trust in then-Governor Jeb Bush to protect their lifelong pension savings was wasted when he forged a highly-profitable relationship with Lehman Brothers that made Lehman and Bush millions. That special relationship was ultimately a certifiable disaster for Florida public employees.
Bernie Sanders did something that no other politician does. The Democratic presidential candidate went on CNBC and criticized the sick greed of Wall Street.
Nearly seven years after the American economy foundered under the worst global recession since World War II, it seems nothing much has changed with regard to the behavior of those that brought us collectively to the brink.
Bernie Sanders reacted to the news that the big banks pled guilty to manipulating currency markets by blunting saying that fraud is the business model on Wall Street.