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Monthly Archives: November 2011
Barney Frank To Retire –
Congressman Barney Frank has announced that he will not seek another term. Frank has been in Congress for 16 terms and was expected to retire in 2014. Redistricting played a role in his decision to retire in 2012. Newly drawn congressional maps shifted his district … Continue reading
Posted in 2012, Administrative, Congress, Debate, Democrat, Election, General, Politics, Redistricting, Republican
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Euro Zono Fiscal Policy –
The integration of fiscal policy is an important step for Euro zone countries in solving their debt crisis. A recent plan would utilize bilateral agreements instead of changing European Union treaties. Bilateral agreements could make implemention of fiscal policy changes faster than the time … Continue reading
Posted in Administrative, Budget, Economy, General, International, Politics, Regulatory, Tax
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Belgium Downgraded –
Standard and Poor’s downgraded Belguim debt to AA. The downgrade forced the 10 year yield to 5.832% in Friday trading. Belgium debt started the week trading at 4.817%. To read a related Reuters article, please click here: http://www.reuters.com/article/2011/11/25/us-belgium-sp-idUSTRE7AO1F220111125 James Sutliff
Posted in Administrative, Budget, Business, Economy, General, International, Politics
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Spain Elections –
Elections in Spain signaled another shift in governments with the People’s Party winning 186 of the 350 seats. The debt crisis is largely responsible for the results and the new government is expected to be fiscally conservative in their policy … Continue reading
Posted in Administrative, Budget, Economy, Election, General, International, Politics
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Super Committee Deadlocked –
The Super Committee remained deadlocked on Saturday as Republicans and Democrats could not agree on a compromise. Budget savings of $1.2 trillion are required by midnight on Wednesday. If an agreement is not reached by the deadline it could send … Continue reading
Posted in Administrative, Budget, Congress, DC, Democrat, Economy, Election, General, Politics, Presidential, Regulatory, Republican, Treasury
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Debt Super Committee –
The debt super committee has 10 days left before the November 23rd deadline. The 12 member committee comprised of six Democrats and six Republicans must come to an agreement by the deadline or automatic spending cuts will take effect. In addition, inaction … Continue reading
Posted in Administrative, Budget, Democrat, Economy, Estate Tax, General, Healthcare, Infrastructure, Politics, Republican, Tax, Uncategorized
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Italy Set To Vote On Budget –
Italy is set to vote on debt reduction measures to lower their debt level and increase investor confidence. Currently, Italy has $2.6 trillion in debt and has a bond yield near 7%. Prime Minister Silvio Berlusconi is expected to step … Continue reading
Posted in Administrative, Budget, Economy, Election, General, International, Politics, Uncategorized
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Virginia State Senate Shifts To GOP –
The GOP needed to pick up two seats in the Virginia State Senate to gain control and they may have succeeded. Republicans picked up one race and are ahead by 86 votes in another contest. Republican control of the State Senate would move … Continue reading
Posted in 2012, Administrative, Congress, Democrat, Election, General, Politics, Presidential, Redistricting, Republican
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ECB Italian Bond Purchases –
The European Central Bank is discussing the possibility of halting Italian bond purchases. European Central Bank officials are determining if the Italian government is following through with the changes it promised the European Union. The bond buying program by the ECB has … Continue reading
Posted in Administrative, Budget, Business, Economy, General, International, Politics
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Greek Referendum Plan –
The Prime Minister of Greece surprised the financial markets by calling for a referendum on the bailout plan. Prime Minister George Papandreou has suffered a loss of some support in his party. The call for a referendum has sent the Euro and … Continue reading
Posted in Budget, Business, Economy, Election, General, International, Politics, Uncategorized
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