Americans are rightfully annoyed about rising gas prices. But politicians are making matters worse. They are fueling (pun intended) the anger by constantly talking about how they will lower gas prices.
Newt Gingrich is the latest, with his promise for $2.50 a gallon gas. President Obama bemoaned the spike in gas prices in a speech Tuesday as well.
I wish whomever is occupying the White House next January good luck in lowering MOREPaul R. La Monica - Mar 6, 2012 2:23 PM ET
Most Federal Reserve speeches are a chore to make it through. And then there's Dallas Federal Reserve president Richard Fisher. I've had a man crush on Fisher for a while because his remarks are often peppered with a refreshing dose of non-wonky references to things like tequila, Washington Irving and Bob Dylan.
I also appreciate the fact that Fisher is a bit of a contrarian. He is an unabashed inflation hawk MOREPaul R. La Monica - Mar 5, 2012 2:21 PM ET
If you've ever been out at a restaurant and have been surprised to see an additional meals tax tacked on to the bill, you are not alone. The Tax Foundation, a nonpartisan research group, just put out a report about the absurdity and complexity (two words never associated with taxes, right?) of some of these local levies.
Among the key findings: Chicago, Jacksonville, Indianapolis, Seattle, Denver and Washington D.C. are among MOREPaul R. La Monica - Mar 2, 2012 10:57 AM ET
China still owns a LOT of U.S. Treasury debt. But it looks like they got rid of more of it last year after Standard & Poor's stripped America of its triple-A credit rating than first thought.
Every month, the Treasury Department puts out a report showing how much foreign countries hold in U.S. securities. The latest report came out in mid-February and showed that as of the end of December, China MOREPaul R. La Monica - Mar 1, 2012 4:40 PM ET
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