John Boehner

Last night, the key Republicans in both the House of Representatives and the U.S. Senate sent a letter to Federal Reserve Chairman Ben Bernanke speaking out against additional monetary stimulus, and the potential for a third round of quantitative easing, now known as Operation Twist. Here is the...

All of the significant stock market indexes in the Asia/Pacific region ended Monday trading higher after news broke that President Barack Obama and Congressional leaders had reached a deal to raise the United States debt ceiling in order to prevent the country from defaulting on its debts. The...

The President of the United States told the country on Sunday evening that Republican and Democratic leaders in the Senate and House of Representatives have struck a deal to raise the nation's debt ceiling. The tentative agreement comes after a weekend of intense negotiations on Capitol Hill. “...

Bernie Madoff victims scored a victory, reaching a settlement of more than $1 billion with Tremont Group Holdings Inc. Madoff, the guy who keeps on stealing. The House postponed a vote last night to try to pass Speaker John Boehner's (R-OH) plan to raise the federal borrowing limit and cut the...

It may not be the fat lady singing at the end of the opera, but the portly Congressmen this time is talking about the end game. Congressmen Barney Frank (D-MA) said that he believes a default is more likely now than it was before, with all of the finger pointing and fighting going on in Washington...

Moody's placed Spain's government bond ratings on review for possible downgrade. The House postponed a vote last night on Speaker John Boehner's plan to raise the federal borrowing limit, but this morning Boehner said to reporters, "I'm smiling."

"Hello darkness, my old friend"-Simon & Garfunkel This morning we saw second quarter GDP come in much weaker than expected, as the economy grew 1.3% annualized in the second quarter. Expectations were for a reading of 1.7%. The real kick in the pants was the revision to first quarter GDP...

Equity markets around the world fell broadly Friday, as a week-long slide was further extended by the lack of progress in debt ceiling negotiations in Washington. Asian stock markets closed lower today as investors trimmed positions ahead of the weekend. Japan's Nikkei Index and China's Shanghai...

A congressional panel is examining whether the Obama administration tried influence Standard & Poor with regards to a potential credit rating downgrade. The House is schedule to vote on Republican Speaker's John Boehner plan tonight to avoid a possible U.S. default.

The euro edged higher against the U.S. dollar on Thursday as Germany's economy continued to show signs of strength. At the moment, the euro rose 0.08% against the U.S. dollar to trade around $1.4381. At the same time, the Japanese yen proved too strong for the euro as the European currency...

Regardless of whether President Barack Obama and the United States Congress can reach an agreement to avoid a default on American debt, it's looking increasingly likely that the United Stated will finally lose its "AAA" credit rating. While President Obama and House Speaker John Boehner continue...

The euro lost some of its recent gains against the U.S. dollar on Wednesday, following a fall in Italy's business confidence. Presently, the euro is trading around $1.4483, or 0.19% below its previous close. At the same time, the euro's fall was much steeper against the Japanese yen as the European...

The house is crumbling from the foundation in this neighborhood. Noted investor Jim Rogers has said that the U.S. has already lost its prestigious AAA credit rating, and as such, Rogers is short the U.S. bond market, and has been short since June 10. Rogers was interviewed by the Wall Street...

The euro surged on Tuesday against the U.S. dollar as the U.S. wasted another day in failed attempts to resolve its debt crisis. Presently, the euro is trading around $1.4504, or 0.89% higher than previous close. The euro strengthened against the Japanese yen as well, rising 0.65% to stand around ¥...

Goldman Sachs Group Inc. (NYSE: GS) won a case that accused it of hoodwinking investors on mortgage securities that were sold during the buildup to the financial crisis. Government Sachs strikes again. Fitch Ratings said today it put a "restricted default" on Greece as a part of its bailout...