Jan 4, 2013, 11:44 am EDT
Just when you thought it was safe to invest without having to worry about the next headline out of Washington, we face an issue that could have a much larger impact than the fiscal cliff:
The country’s debt limit.
This issue has much broader implications for the Treasury market, meaning that the lesson of the fiscal cliff — i.e., that debates regarding fiscal issues are mostly media hype — doesn’t apply here. Read
Jan 2, 2013, 10:26 pm EDT
Hillary Clinton was finally released from the hospital today, after undergoing three days of treatment for a blood clot in a vein in her head.
The clot was a complication from the concussion she suffered in December after fainting, the result of dehydration from battling a stomach virus. Health issues prevented Clinton from testifying before Congress about the Sept. 11 attacks on the U.S. diplomatic mission in Benghazi, Libya, or from being present when President Barack Obama announced Sen. John Kerry, D-Mass., as his nominee for Secretary of State.
There are a few interesting things that you should know about the blood clot Clinton suffered from. These include: Read
Jan 2, 2013, 11:24 am EDT
We might have gotten a deal to handle the fiscal cliff, but that doesn’t mean things are cheery in Congress.
The hatred between parties on Capitol Hill is deeper than ever, Politico reports — sources say House Speaker John Boehner apparently told Senate Majority Leader Harry Reid “Go F**k Yourself” just a few days before a deal was reached.
The incident occurred last Friday in the White House lobby as the two were arriving to continue discussions about averting the fiscal cliff. Several sources told Politico that Boehner delivered the remark, then repeated it to the surprised Reid. Read
Jan 2, 2013, 10:34 am EDT
The price of milk, set to rise because of a lack of action on the Farm Bill by Congress, will remain stable for the next nine months.
Congress passed a short-term extension of the Farm Bill last night as a part of the overall “fiscal cliff” deal, The Wall Street Journal reports. The extension was written into the legislation early Tuesday morning in the Senate and became law when the House of Representatives voted to pass the bill around 11 p.m. Tuesday.
Congress had been unable to renew the 2008 Farm Bill. If it had expired, a 1949 law would have taken over that set a floor for milk prices that is more than double the current market cost. Read