Category Archives: Regulatory

Ten Year Treasury Yields Drop –

The yield on a ten year Treasury fell to an all-time low in trading on Tuesday.  The European debt crisis and a slow US economy drove investors to the safety of Treasuries.  European stocks fell on Monday and US stocks declined in trading … Continue reading

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Stocks Gain –

Stocks are trading above the 10,900 mark on Monday as traders speculate on more Fed action.  Also, the possibility that the Federal Reserve will announce another quantitative easing program to counter recessionary concerns have kept Treasury yields at record lows. … Continue reading

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House Passes Debt Legislation –

The House passed legislation to raise the debt ceiling with a vote of 269-161.  Only 66 Republicans opposed the bill and 95 Democrats supported the legislation.  The legislation will raise the debt ceiling by $2.1 trillion and cut federal spending by $2.4 trillion.  … Continue reading

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Congress Close To Debt Deal –

Congress is close to an agreement on a deal to raise the debt ceiling.  Republican and Democratic Senators are meeting on Sunday in an attempt to finalize a deal before the financial markets open on Monday.  The Dollar fell against all … Continue reading

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Oil Sands Pipeline Bill –

The Republican controlled House passed a bill that would require the Obama administration to approve or deny a permit for an oil sands pipeline by November 1st.  The bill passed the House with a vote of 279-147.  The Canadian pipeline would provide … Continue reading

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U.S. Firms Head For Tax Havens –

U.S. firms are heading to tax havens in greater numbers than in the past.  Increased regulations and tax burdens are factors considered by companies that are going public or relocating.  Bermuda and the Caymen Islands are two popular locations for … Continue reading

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Deficit Negotiations –

Negotiations on the deficit and the debt ceiling are making progress in Congress.  Democrat Senator Dick Durbin indicated that a delay could force interest rates higher.  Democrats are attempting to raise the debt ceiling and Republicans are proposing budget cuts to lower the … Continue reading

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Free Trade Deals Set To Pass –

Congress is set to pass free trade deals for South Korea, Columbia, and Panama.  The free trade deals are expected to be sent to Congress from the Obama administration.  The trade agreements have strong support in the Republican controlled House and enough … Continue reading

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Wall Street Regulations –

At a public forum on June 7th, Jamie Dimon questioned Bernanke about Wall Street regulators.  The amount of regulation came into question as well as the end result possibly being a slowdown of the U.S. economy. To read a related Bloomberg article, … Continue reading

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Estate Tax Law –

Kiplinger’s has an article on the estate tax law and the portability feature.  The article also discusses the expiration of the current provision at the end of 2012.  In addition, the article provides examples of unintended consequences of the estate tax law.  To … Continue reading

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Debt Ceiling Increase Voted Down –

A measure that would have increased the U.S. debt ceiling by $2.4 trillion was voted down in the House of Representatives.  The House voted 318-97 with 236 Republicans and 86 Democrats voting against the legislation.  For passage, the measure required 277 votes or two thirds … Continue reading

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Trade Pacts And Programs –

Senator Max Baucus has tied the renewal of the Trade Adjustment Assistance program with trade deals for Korea, Columbia, and Panama.  The Senate Democrat is the Finance Committee Chairman and has the support of at least 41 Senators on this … Continue reading

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SEC Proposals For Credit Rating Agencies –

The Securities and Exchange Commission will propose regulations for credit rating agencies to promote transparency.  Credit rating agencies came under fire after granting AAA ratings to mortgage securities backed by subprime loans.  Proposals address the internal controls and disclosures by credit rating agencies.   To read … Continue reading

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New Jersey Tunnel Funding –

New Jersey Governor Chris Christie has indicated that the state will not return the $271 million in commuter rail tunnel funding to the federal government.  Recently, the Federal Transit Administration has added a fee for holding the funds that could amount … Continue reading

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Democrats Target Medicare Plan –

Senate Democrats are expected to vote on a house measure that would change Medicare benefits.  The move is an aggressive step by Senator Reid and Congressional Democrats.  Republicans have kept the Democrats on the defensive over the last few months regarding federal … Continue reading

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