Tales from the Trail

Washington Extra – Ducking the issue

October 16, 2010

U.S. Treasury Secretary Timothy Geithner testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on The Treasury Department's Report on International Economic and Exchange Rate Policies on Capitol Hill in Washington September 16, 2010.

We were all primed for the release of the Treasury’s global currency report this afternoon, which would have included a ruling on whether China was a currency manipulator. But a decision was taken to delay the report until after the Group of 20 summit in Seoul in mid-November.

Washington Extra – Nobel committee polishes Diamond’s credentials

October 11, 2010

After irking the Chinese with the award of the Nobel peace prize last week, the Nobel committee set a few feathers flying in Washington today by awarding the economics prize to Peter Diamond, an MIT professor who has also been nominated by President Barack Obama for a spot on the Board of Governors of the Federal Reserve.pdiamond

Washington Extra – Storm clouds over Haiti

September 30, 2010

There was a tremendous outpouring of goodwill and money for Haiti after the quake, which prevented a further humanitarian catastrophe. But so far, nine months after the capital was devastated, progress in “building back better” seems painfully slow. haitiRubble still chokes the narrow streets of Port-au-Prince, and 1.3 million people occupy every available scrap of land in tents awaiting resettlement, or even just a government plan on what to do with them.

Washington Extra – Just Keep Smiling

August 30, 2010

bernanke1In the past few days we have seen the president and the chairman of the Federal Reserve both standing up and insisting they had more cards at their disposal to rescue the faltering American economy. In truth, though, both men look like they are holding weak hands, and are reduced, for the time being, to putting a brave face on things.

Washington Extra – Fears of economic stagnation

August 11, 2010

dowFear returned to global financial markets today, with stocks sinking and the dollar rising sharply on renewed worries about an economic slowdown in China and the United States. President Barack Obama met with senior economic adviser Larry Summers and “talked through some scenarios” on what was playing out around the globe, and how to keep the U.S. recovery on track.

Washington Extra – Tragedy in Alaska

August 10, 2010

ted_stevensThere were three big stories competing for our attention in Washington today. The first was the tragic death of former Senator Ted Stevens in a small plane crash in his home state of Alaska. Stevens, the longest serving Republican senator ever, was on a fishing trip with Sean O’Keefe, the North American chief of European aerospace giant and Airbus maker EADS, who was among the survivors.

from Summit Notebook:

Angelides: People make mistakes, take Alan Greenspan and Captain of Titanic

April 29, 2010

Phil Angelides, Financial Crisis Inquiry Commission chairman, says he'd rather see some taking of responsibility than hear another "I'm sorry."

The First Draft: off-year election day could spell trouble for Obama

November 3, 2009

It’s been a year since Americans have gone to the polls, but as they do on Tuesday President Barack Obama may be less excited than he was last year, particularly in Virginia and New Jersey where his fellow Democrats are facing trouble.

Obama’s summer holiday no walk on the beach

August 26, 2009

OBAMA/President Barack Obama began his summer vacation by sending a specific message to the White House press corps.

Watch out for the quiet ones: Bernanke 1, Summers 0

August 25, 2009

Watch out for the quiet ones in the War of the Wonks (OK so we’re being a bit dramatic).