News
CNBC | US Oil Boom to Help Meet New Global Demand: IEA
U.S. shale oil will help meet most of the world's new oil demand in the next five years, even if the global economy picks up steam, leaving the need for OPEC crude barely changed from today's levels, the West's energy agency said on Tuesday.
Washington Post | After buoyant debut, U.S.-E.U. trade talks face a growing list of issues
Supporters of a U.S.-European free-trade deal have begun damping expectations about its immediate benefits amid a series of emerging disputes that could complicate the creation of the world’s largest trade zone.
Market Watch | NFIB small-business optimism index rises in April
The National Federation of Independent Business said its small-business optimism index rose 2.6 points to 92.1 in April, which more than offset March's drop.
WSJ | Bank Bailout Blues Stall U.K. Recovery
Five years after rescuing one of the world's biggest banks, the British government still hasn't figured out what to do with it—a sign of the country's struggle to put its banking woes behind it.
Washington Post | Credit-rating agencies poised to avoid overhaul
Three years after Congress told federal regulators to consider changing the way credit-rating agencies are paid, the industry appears poised to dodge a major overhaul.
CNBC | Better US Economy Throws Wrench in Currency Markets
For a long time, the dollar didn't get much respect, but now that it's standing tall again, it's become a key focus for markets as U.S. economic data is beginning to look a shade better than last month.
Econ Comments & Analysis
Politico | SEC should work on simplilying ratings
Since I left the Securities and Exchange Commission in 2007, many important steps have been taken to improve the quality of credit ratings and to increase the accountability, transparency and oversight of rating firms, which play an important role in the financial system.
Washington Times | Putting out the welcome mat for prosperity
How many new immigrants should the United States allow each year? How many guest workers? These are not easy questions, which is why there is as much fierce debate within the two parties as between them.
Mercatus | Five Reasons to Keep Government Out of Internet Governance
Starting on May 14, the International Telecommunication Union – an agency of the United Nations – is kicking off a meeting for governments and telecom companies to discuss "international Internet-related public policy matters."
CBO | Agriculture Reform, Food, and Jobs Act of 2013
CBO estimates that direct spending authorized by the draft legislation over the 2014-2023 period would total $955 billion. Relative to spending projected under CBO’s May 2013 baseline, CBO estimates that enacting the draft legislation would reduce direct spending by $18.0 billion over the 2014-2023 period.
Blogs
Calculated Risk | Tuesday: Quarterly Report on Household Debt and Credit
Consumer prices are expanding at their slowest pace since summer 2010, when the Federal Reserve launched "QE2," its second round of bond buying.
WSJ | Bernanke to Update Congress on Economic Outlook May 22
Federal Reserve Chairman Ben Bernanke will update Congress on the central bank’s economic outlook on May 22 in testimony before the Joint Economic Committee, according to a release on the website of the panel’s vice chairwoman.
