Congress, Politics, Books
and American History

The House Financial Services Subcommittee held a hearing on how to define and designate what is a systemically significant financial institution or better known as “too big to fail” banks.

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The Council on Foreign Relations hosts a discussion on the European economy and its effect on global fiscal health. Willem Buiter,the Citigroup's Chief Economist discussed these issues with Rana Forhoohar from Time magazine.

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The Peter G. Peterson Foundation (PGPF) holds its third annual "2012 Fiscal Summit: America's Case for Action."  Participants include, Former  Pres. Bill Clinton, Speaker of the House John Boehner (R-OH) and others.

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New Jersey Governor Chris Christie gave the keynote address at the Milton Friedman Prize for Advancing Liberty Dinner on Friday.

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Economists from both sides of the aisle, including former Reagan advisor Martin Feldstein and former Obama advisor Larry Summers,  discussed what can be done to simplify and overhaul the tax code, and the political implications of tax reform.

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General Martin Dempsey, the 18th Chairman of the Joint Chiefs of Staff, spoke with Jessica Mathews, President of the Carnegie Endowment for International Peace.

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Fed Chair Ben Bernanke says economic recovery in the country will continue at a moderate pace, hampered by the sluggish housing sector. The Fed will keep interest rates at record lows until about 2014. In remarks to reporters after a round of policy meetings Wednesday, Mr. Bernanke also warned that the U.S. faces a fiscal cliff unless Congress acts ahead of tax hikes and spending cuts scheduled at the start of 2013.

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Mexican President Felipe Calderon spoke about his country’s economic competitiveness when he delivered the keynote address at the U.S.-Mexico Leadership Initiative Business Summit held at the U.S. Chamber of Commerce. President Calderon said the important method to recover economic growth is trade and investment. He called for more trade and more freedom in investments.

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The National Community Reinvestment Coalition hosts a conference on the U.S. economy and the housing market. Office of Mortgage Settlement Oversight Monitor Joseph Smith participated.

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Senate Democratic leaders discussed the House Republicans’ Small Business Tax Cut Act just before the House voted on it this afternoon. The legislation sponsored by Majority Leader Rep. Eric Cantor would provide a one-year, 20 percent tax deduction for companies with fewer than 500 workers, among other provisions.

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