John B. Taylor News
Economic recovery colors federal budget debate
Would a partial government shutdown — or the spending cuts needed to avoid it — risk the nation's economic recovery and nascent job creation? President Obama says it could. Republican leaders in Congress say it wouldn't. Economists are split roughly down the middle. A stopgap measure will keep the
The Note, 4/2/09: Lucky Charm -- Obamas are stars abroad -- but will the world follow?
By RICK KLEIN It’s President Obama’s trip, but that doesn’t mean we can’t all learn a few things: Time zones can be useful tools for controlling news cycles. Having a Republican budget alternative is not quite the same as having...
Details on housing plan show U.S. taking aggressive action
Details of the Obama administration's housing rescue plan were greeted with both praise as a means to help homeowners who are at risk of foreclosure and criticism that more needs to be done to make homes more affordable for new and current homeowners. "They're fleshing out the details, and the meat
Obama pledges unity; McCain promises financial solutions
Heading into the final eight days of campaigning, the two presidential candidates honed their closing messages Monday, with John McCain pledging to resolve the economic crisis without raising taxes and Barack Obama calling for an end to the politics of division. Both took their messages to the key
Advisers give clue to candidates on economy
The stock market tanks. Major banks and investment firms fail. The economy flirts with recession. Who would President Barack Obama or President John McCain call? The answer might be found in the people they call now: former Cabinet officials and corporate titans, staffers to past presidents and
Is it a $30B bailout by the Fed or just a smart move?
As the government-backed sale of Bear Stearns bsc shows, one man's bailout is another man's prudent government action to forestall a financial crisis. Some have criticized the Federal Reserve for providing $30 billion in financing to facilitate the investment bank's forced sale to JPMorgan Chase
Rocky Mountain High: Salt Lake City Has a Housing Boom
Home prices nationwide posted their biggest drop in 16 years last month, according to the National Association of Realtors. But someone forgot to tell the folks in Salt Lake City. There, the median home sale price jumped 21% in the second quarter this year, versus the same period last year. It's
Bernanke praises fellow economist
Keeping the world's largest economy on an even keel is a complicated job so it seemed fitting that Federal Reserve Chairman Ben Bernanke offered some kind words to a man who has helped make that work a little easier. Bernanke, in remarks prepared for delivery Friday to a Dallas conference, praised