Morning eBrief Archive

Friday, May 17, 2013

Why Title II of Dodd-Frank Has Not Reduced the Likelihood of Bailouts (John Taylor's Blog)
This Time, Obamacare Repeal Is About The IRS (Politico)
Lawmakers To Focus On Whether IRS Misled Congress On Screening Practices (The Washington Post)
House Appropriators Set 'Austere' Allocations On $967 Billion Budget Cap (CQ)
House Immigration Group Announces 'Agreement In Principle' (The Hill)
Stocks Fall As Dollar Reverses Drop On Bets Fed to Taper (Bloomberg)
Data Quirks May Ease Fed’s Mind On Inflation Slowdown (The Wall Street Journal)
Philly Fed Manufacturing Survey Shows Contraction in May (Calculated Risk Blog)
The $642 Billion Excuse (Robert J. Samuelson in The Washington Post)
The IRS Scandal Started At The Top (Kimberley Strassel in The Wall Street Journal)
Thursday, May 16, 2013

e21 Commentary: CBO Deficit Forecast Breathes New Life into Deficit Debate
Jack Lew's Big Test (Politico)
Acting Director Of IRS Resigns Amid Furor Over Targeting of Conservative Groups (The Washington Post)
House GOP Still Struggling For Consensus On Debt Limit (Roll Call)
Immigration Group In The House Facing Make-Or-Break Moment (The Hill)
Volcker Says Jobless Rate To Remain Above 6% For Two Years (Bloomberg)
Snags Await Favourite For Federal Reserve Job (Financial Times)
Sorry, World, U.S. Consumers Can’t Save You (The Wall Street Journal)
Fed: Industrial Production Decreased 0.5% In April (Calculated Risk Blog)
CBO’s New Deficit Estimate (Keith Hennessey's Blog)
European Union Economic Crisis Grinds On (The Washington Post)
Take Politics Away From The I.R.S. (The New York Times Editorial)
Wednesday, May 15, 2013

e21 Commentary: Principles For Regulatory Rationality (Stephen Goldsmith)
Farm Bill Clears Senate Agriculture Committee (Politico)
Hoyer: Dems Fear ObamaCare Glitches (The Hill)
Inspector General Cites "Ineffective Management" in IRS Investigation (CQ)
Pimco Pares Risk On Bet Monetary Easing Distorts Markets (Bloomberg)
US Deficit Falls Faster Than Expected (Financial Times)
Hedge Funds Bet on Freddie, Fannie Rise (The Wall Street Journal)
NY Fed: Consumer Debt Declines In Q1, Deleveraging Continues (Calculated Risk Blog)
Don't Get Too Excited About the New, Smaller Deficit (Josh Barro in Bloomberg)
The 'Independent' Revenue Service (The Wall Street Journal Editorial)
IRS Has Been Too Lax On Tax-Exempt Status (Ruth Marcus in The Washington Post)
Tuesday, May 14, 2013

In IRS Scandal, Echoes Of Watergate (George Will in The Washington Post)
Acting IRS Chief Knew Of Targeting In 2012 (Politico)
Dodd-Frank Reform Act: How It Happened (The Washington Post)
Ways And Means Sets Hearing On IRS (The Hill)
Farm Bill Process Starts With New Optimism (CQ)
U.S. Labor Participation May Be Low For Years: Fed Study (Bloomberg)
Janet Yellen, A Top Contender At The Fed, Faces Test Over Easy Money (The Wall Street Journal)
Shrinking Deficit Charges The Political Battlefield (Financial Times)
Fannie, Freddie, FHA REO Inventory Declines In Q1 2013 (Calculated Risk Blog)
Is The Fed Afraid To Regulate The Big Banks? (Bloomberg)
The Federal Revenue Surge Won't Last (Red Jahncke in The Wall Street Journal)
Monday, May 13, 2013

A British-American Tax and Trade Agenda (David Cameron in The Wall Street Journal)
GOP Outrage At IRS Grows (Politico)
Postal Service Posts $1.9 Billion Loss Despite Efficiency Efforts (The Washington Post)
House Farm Bill Includes Almost $40 Billion In Savings (CQ)
Fannie, Freddie Profits Could Sap Will In Congress To Reform Mortgage Giants (The Hill)
Rally Matches 1990s Internet-Fed Gains With Valuations 28% Lower (Bloomberg)
Bernanke Warns Banks On Excessive Risk (Financial Times)
Economic Road Clearing, but the Going Is Slow (The Wall Street Journal)
How Fannie Mae Made Its Profit (Econbrowser)
Stuck In The Mud: Beyond America’s Fiscal Trench Lines (Financial Times)
The Jury’s Out On Whether Dodd-Frank Will Save Capitalism (The Washington Post)
The Health Spending Decline (The Wall Street Journal Editorial)
Friday, May 10, 2013

10 Years Doing Business, Measuring Results, And Now Bill Gates (John Taylor's Blog)
New Bills Offer Possible Breakthrough On Student Loan Interest Rate (CQ)
House GOP Sees Few Options On Debt (Politico)
Stabenow Releases Senate Farm Bill Draft (The Hill)
Pimco Raises Treasuries Holdings To Highest Level Since 2010 (Bloomberg)
Fannie Chief: Payout Must Not Delay Revamp (The Wall Street Journal)
US Jobless Claims Stay At Five-Year Low (Financial Times)
The Federal Reserve's Policy Dead End (Martin Feldstein in The Wall Street Journal)
Bernanke, Blower of Bubbles? (Paul Krugman in The New York Times)
Are Stocks Cheap? A Review Of The Evidence (Duarte & Rosa in New York Fed)
Thursday, May 9, 2013

Should Economists Pay More Attention to Politics? (Donald Marron's Blog)
Study: Immigration Reform Would Create Over Three Million Jobs (The Washington Post)
Fannie, Freddie Profits May Provide Debt Limit Relief (Politico)
We Still Don't Really Know How Much Health Care Costs (National Journal)
House Members Again Introduce Bills for Budget Process Changes (CQ)
Lew Will Push G-7 On Spurring Demand, Treasury Official Says (Bloomberg)
Freddie's Profit Soars on Housing Rebound (The Wall Street Journal)
Reinhart And Rogoff Publish Formal Correction (Financial Times)
The Soaring Stock Market (Econbrowser)
The Lessons of the Early Childhood Intervention Debate for the Immigration Debate (Reihan Salam in National Review)
Banks Still Behaving Badly (The New York Times Editorial)
Dow 15,000 And The Retirement Crisis Ahead (Matt Miller In The Washington Post)
Wednesday, May 8, 2013

fNew Regulations Are Strangling Community Banks (Camden Fine in Bloomberg)
Calendar Works Against Quick Action On Minimum Wage, Democrats Say (CQ)
As Red Ink Recedes, Pressure Fades For Budget Deal (The Washington Post)
New Farm Bill Leans On Food Stamps (Politico)
Republicans Mull Wish List On Debt Limit (The Hill)
Lew Says U.S. Economic Growth May Exceed 3% Early Next Year (Bloomberg)
NY Fed Warns Of Continued Risk To Financial System (The Wall Street Journal)
BLS: Job Openings Decreased Slightly In March (Calculated Risk Blog)
Child’s Play With The Budget As Democrats And Republicans Battle (Dana Milbank in The Washington Post)
Cyprus Bailout Revisited (Holman Jenkins Jr. In The Wall Street Journal)
Tuesday, May 7, 2013

The Lessons Of Reinhart-Rogoff (Lawrence Summers in Reuters)
Online Sales Tax Bill Advanced by Senate (CQ)
Heritage Foundation: Immigration Reform Will Cost $6.3 Trillion (Politico)
Obama, ‘Willing To Try Anything,’ Goes Golfing With Republican Senators (The Washington Post)
House Will Pass Farm Bill, Rep. Lucas Predicts (The Hill)
Bond Buyers See No 1994 Rout Helped By Bernanke Clarity (Bloomberg)
US Regulators Eye Bitcoin Supervision (Financial Times)
Job Gains Calm Slump Worries (The Wall Street Journal)
Fed Survey: Banks Eased Lending Standards, "Experienced Stronger Demand" (Calculated Risk Blog)
America's Dismal Youth Nonemployment Rate (Reihan Salam in National Review)
Backroom Internet Tax Ambush (The Wall Street Journal Editorial)
Monday, May 6, 2013

e21 Commentary: Government Spending Enthusiasts’ Three Sleights of Hand
White House Maintains Sequester Hurting Economy No Matter What Jobs Reports Say (Politico)
Taxation Panel Set To Release Findings On Bipartisan Studies (CQ)
Furlough Days: Where Do Things Stand? (The Washington Post)
Diminished Housing Wealth Effect Keeps Pressure on Fed (Bloomberg)
US Jobs Report Eases Economy Fears (Financial Times)
Jobs Report Keeps Tapering on Fed’s Table (The Wall Street Journal)
The End Of Austerity In Europe? (Calculated Risk Blog)
Preventing The Next Catastrophe: Where Do We Stand? (David Romer in iMF Direct)
Fiscal Consolidation: At What Speed? (Blanchard & Leigh in Vox EU)
Tax Reform Needs Accurate Tax Tables (Kevin Brady in The Wall Street Journal)
Immigration, Dynamic Scoring, and CBO (Donald Marron’s Blog)