Political Economy: December 5, 2010 - December 11, 2010
Geithner surgery complicates Obama PR strategy for tax code reform
Secretary Geithner was admitted to George Washington University Hospital this morning for treatment for a kidney stone. He will have a minor surgical procedure this afternoon to remove the kidney stone, and his physician expects that he will be discharged tomorrow with orders to rest this weekend. He has been told that he should be able to return to work on Monday."
By
Ariana Eunjung Cha
| December 10, 2010; 11:42 AM ET |
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U.S. Treasury
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U.S. trade gap narrows on jump in exports
The U.S. trade deficit narrowed sharply in October as the value of exports surged and imports dipped after a drop in oil. The 13 percent decrease put the trade gap at its lowest level in nine months. Analysts cautioned that the outcome might be short-lived: Oil imports are likely to rebound, and, excluding oil, imports of goods and services increased. While the jump in the value of exports was broad, including all major categories of goods and services, analysts said some of the increase was triggered by rising food and other prices.
By
Howard Schneider
| December 10, 2010; 11:32 AM ET |
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Categories:
Trade, U.S. Economy
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Economic agenda: Friday, Dec. 10, 2010
At 8:15 a.m. -- General Motors chief executive Dan Akerson gives a speech in Washington on the automaker's transformation. At 8:30 a.m. -- The Commerce Department releases trade data for October. At 8:30 a.m. -- The Labor Department posts data...
By
Mike Shepard
| December 10, 2010; 6:30 AM ET |
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Categories:
*Economic agenda
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General Motors
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Biden says passage of tax cut is critical to growth
Vice President Biden says tax cut deal must pass, as it's critical to economic growth.
By
Lori Montgomery
| December 9, 2010; 11:00 AM ET |
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Categories:
U.S. Economy, White House
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Economic agenda: Thursday, Dec. 9, 2010
At 8:30 a.m. -- The Labor Department releases data on weekly claims for unemployment benefits. At 10 a.m. -- The Commerce Department releases data on business inventories at the wholesale level. No set time -- Senate expected to debate the...
By
Mike Shepard
| December 9, 2010; 6:30 AM ET |
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*Economic agenda
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The Great White (hopeful) North
Canada, after a painful financial restructuring in the 1990s, has positioned itself as America's frugal neighbor, wtih conservative banking rules and government policies that helped it skirt the worst of the downturn.
By
Howard Schneider
| December 8, 2010; 12:07 PM ET |
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Categories:
International Economics, U.S. Economy
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Economic agenda: Wednesday, Dec. 8, 2010
At noon -- The financial industry's investor education foundation releases its survey on American financial literacy. At 2 p.m. -- A Senate Banking subcommittee and the Senate investigations subcommittee hold a joint hearing on the stability of U.S. financial markets....
By
Mike Shepard
| December 8, 2010; 6:30 AM ET |
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*Economic agenda
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Economic agenda: Tuesday, Dec. 7, 2010
At 9 a.m. -- The Securities and Exchange Commission is scheduled to hold a hearing on the market for municipal bonds. At 10 a.m. -- The Labor Department releases monthly figures on labor market turnover. At 10 a.m. -- The...
By
Mike Shepard
| December 7, 2010; 6:40 AM ET |
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*Economic agenda
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Obama, Lee outlined U.S.-Korea trade deal in Seoul, official says
The outlines of the Korea-U.S. trade deal announced last week were brokered in a head-to-head meeting between President Obama and South Korean leader Lee Myung-bak in Seoul early last month when the two leaders agreed to accommodate the domestic political problems they each were facing over the agreement, according to a senior administration official.
By
Howard Schneider
| December 6, 2010; 5:31 PM ET |
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Categories:
International Economics, President's Council of Economic Advisors, Trade, U.S. Economy, White House
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