Insight and investigations from our expert reporters
Here’s what Nick Carey had to say today about his special report “Stuck between the Tea Party and a hard place.”
Not long after the battle over the 2011 fiscal budget in Washington ended in mid-April, I received a few emails from Tea Party groups expressing frustration with the apparent failure by the Republican Party establishment to follow through on promises that they would cut spending in that budget by $100 billion.
I passed on one of those emails to an editor in Washington and we agreed that it would be a worthwhile exercise to talk to Tea Party groups across the country to see if that frustration was widespread, or if it was merely restricted to a few groups.
My very first call was to a Tea Party member in the South whom I had talked to before for previous special reports on the movement. I told him about the emails I had received and asked if he was frustrated by the budget deal. His answer: “Frustrated? I’m f***ing angry!”
Could you imagine General Electric operating for six months without knowing how much money it has to spend? That’s the situation the U.S. government finds itself in as Congress still hasn’t settled on a budget for the fiscal year that started last October.
While Republicans and Democrats argue over $50 billion in proposed cuts, the effects of the stalemate are being felt around the globe. Airport control towers go unstaffed, scientific research goes unfunded and fighter jets are grounded.
Last month’s special report “For some professors, disclosure is academic” has been making waves in the academic world, as this story shows:
Economists urge AEA to adopt ethics code: letter
NEW YORK (Reuters) – Almost three hundred economists have signed a letter to the American Economic Association “strongly” urging it to adopt a code of ethics requiring disclosure of potential conflicts of interests.
Our latest special report, “For some professors, disclosure is academic,” examines the question of academic independence in the world of economics.
Emily Flitter, Kristina Cooke and Pedro da Costa reviewed 96 testimonies given by 82 academics to the Senate Banking Committee and the House Financial Services Committee between late 2008 and early 2010 — as lawmakers debated the biggest overhaul of financial regulation since the 1930s — and found no clear standard for disclosure.
White House correspondent Caren Bohan’s special report out today examines President Barack Obama’s testy relationship with the business community.
After Tuesday’s election, Obama was faced with the prospect of legislative gridlock. Republicans pushed Democrats decisively from power in the House of Representatives and strengthened their ranks in the Senate as voters vented frustration over the economy.