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Catherine Hollander

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Jobs and deficit likely to dominate debate

October 3, 2012 Wednesday evening’s presidential debate is a chance for voters to see where President Obama and his GOP challenger Mitt Romney stand on key domestic issues such as job creation, the budget, and health care policy. The 90-minute event, moderated by PBS’s Jim Lehrer, will be divided into six 15-minute sessions—half ...

Bernanke warns of dire risk from fiscal cliff inaction

July 17, 2012 Federal Reserve Chairman Ben Bernanke delivered one of his bleakest assessments of the U.S. economy on Tuesday, warning of dire risks surrounding the approaching fiscal cliff. In testimony prepared for a semiannual Senate Banking Committee hearing, the Fed chief put lawmakers on notice that a failure to resolve differences over ...

Debt limit fight looms, but not until after the election

February 21, 2012 The U.S. economy is finally gaining strength. Unless the recovery derails, the country is unlikely to see another bitter showdown over raising the debt limit before the Nov. 6 election. The fight will surely be nasty, but just how nasty depends on how the election turns out. Treasury Secretary Timothy ...

Geithner reminds that 2012 debt limit fight is likely

February 17, 2012 The U.S. economy appears to be gaining strength, but that won’t prevent another bitter showdown over raising the debt limit this year, according to Treasury Secretary Timothy Geithner. “I think even with agreement and prospect on the payroll tax, we still do not expect to hit the debt limit until ...

White House seeks Treasury savings through streamlining

February 13, 2012 The White House proposed saving money through improved efficiency at the Treasury Department in fiscal year 2013 as it introduced a new fee on large financial firms that would compensate Americans for their losses during the financial crisis and discourage future risk taking. The administration requested $14 billion for Treasury, ...

Concerns growing that FHA could go broke

November 11, 2011 The Federal Housing Administration has played a key role in the housing market since the mortgage crisis, backing about one-third of all new mortgages for home purchases. But there is a growing concern that FHA, which is funded through mortgage-insurance premiums, could run out of money if the economic recovery ...

Man charged with USS Cole bombing will face judge

November 9, 2011 Abd al-Rahim al-Nashiri, a Saudi man charged in the attacks of the USS Cole and a French oil tanker in 2000 is finally going before a judge after nearly a decade of confinement, the Associated Press reports. He is the first Guantanamo prisoner to be charged with war crimes, which ...

Former President Clinton says third terms should be legal

November 8, 2011 Former president Bill Clinton thinks presidents should be able to run for a third term. "Going forward, I personally believe that should be the rule," he said on MSNBC's Morning Joe on Tuesday. Clinton was responding to a question on whether presidents should be able to serve for two terms, ...

Super committee is not seeking an extension, member says

November 7, 2011 Despite speculation otherwise, the deficit-reduction super committee will not seek an extension on its Nov. 23 deadline, committee member Rep. Chris Van Hollen, D-Md., said on Monday. "More time won't get us there," he said on MSNBC's Morning Joe on Monday, adding, "No, we're not talking about an extension." Van ...

Freddie Mac CEO to resign

October 27, 2011 The CEO of mortgage-finance giant Freddie Mac will resign, Bloomberg reports. Charles Haldeman Jr., who has helmed Freddie for just over two years, told the company's board he will depart "some time in the coming year," according to the Federal Housing Finance Agency, the firm's federal regulator. The U.S. government ...