September 13, 2013 |
Lawrence H. Summers recently reached out to a key Democrat on the Senate banking committee as the controversy intensified over his potential nomination to lead the Federal Reserve, people familiar with the matter said. Summers requested a meeting with Sen. Elizabeth Warren (D-Mass.) when both were in Massachusetts this summer, the people said. Warren has been a vocal critic of Summers' s effort to deregulate the financial sector when he was Treasury secretary under President Bill Clinton.
September 12, 2013 |
The battle for the top job at the Federal Reserve escalated over the past week amid a renewed push to support the central bank's vice chairman for the post. The unusually controversial race has come down to Janet Yellen, once considered the shoo-in for the job , and Lawrence H. Summers, who has been a top economic adviser to the past two Democratic administrations. Summers has come under fire for his role in deregulating the financial industry when he served under President Bill Clinton.
August 11, 2013 |
In 2012, President Obama became the first candidate to raise and spend more than $1 billion on a single race. In 2014, Mitch McConnell's reelection bid in Kentucky may result in the first Senate contest to crest the $100 million mark. "Spending has spiraled since campaign finance ‘reform' passed, and it was inevitable that the $100 million mark would be breached someday," said Ben Ginsberg, a leading Republican election and campaign finance lawyer. Races in recent years have come close to breaching...
July 21, 2013 |
When Hillary Clinton dropped out of the 2008 presidential race, she famously said that she had put "18 million cracks" in the "highest, hardest glass ceiling" and that her candidacy ensured that "the path will be a little easier next time" for a woman to run. In the wake of her run, however, it seemed that there might not be a next woman anywhere close to following the path Clinton blazed . The bench of female candidates was weak in both...
June 28, 2013
Democratic Rep. Edward J. Markey won the Massachusetts Senate race on Tuesday [" Markey triumphs in Mass. Senate race ," news, June 26], and, in so doing, put the lie to the popular liberal media myth that what Republicans need to do to win is to nominate moderates and reach out to Hispanic voters. Mr. Markey's opponent, Gabriel Gomez, seemed the perfect candidate in that regard — a young, moderate Republican, a successful businessman with a Harvard MBA, a former Navy SEAL, a family man with four children and the...
June 19, 2013 |
Michael Froman, a senior White House economic adviser and classmate of President Obama at Harvard Law School, won Senate confirmation Wednesday to be the next U.S. trade representative. The confirmation vote was 93 to 4, elevating Froman, 50, to the head of an agency now involved in two of the most significant deals in recent history. "In his new position, Mike will stay focused on our primary economic goals — promoting growth, creating jobs and strengthening the middle class," Obama said in a statement lauding the...