Public Finance

Mnuchin Delineates Econ. Policy (Jan. 20)

In the twilight moment between administrations, the poetry of the campaign inevitably gives way to the prose of governing.  On the eve of the inauguration, testimony of the Treasury Secretary designate is more of a policy position commitment than when he was  nominated in November.  Now it counts. Treasury nominee Mnuchin’s confirmation hearing yesterday before …

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Financial Policy • Mnuchin Hrg Today (Jan. 19)

The Trump cabinet nominee confirmation hearings are bringing into greater clarity  the policy goals of the incoming administration.   Although the policy focus to this point has been mostly non-economic, that began to change yesterday with the hearing of Commerce Secretary-designate Wilbur Ross.  Today should  provide a still-clearer policy picture when the Senate Finance Committee considers …

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Puerto Rico Debt Deal (April 26)

Mike & Co. –- On Sunday, a Commonwealth of Puerto Rico a $422 million bond interest payment comes due that can’t — or in any case won’t — be paid on time.  Gov. Alejandro Padilla has repeatedly said that the island cannot make that payment; others have questioned those statements.  Close behind follows a two billion dollar payment …

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Puerto Rico Debt Deal (Apr. 4)

Mike & Co. — The House, which is still on recess this week (the Senate is in) continues to march toward Speaker Ryan’s self-imposed April 29 deadline to vote on a legislative solution to deal with the Puerto Rico debt crisis.  Two relevant SCOTUS   cases to be handed down before June further complicate the picture. If a bill cannot be …

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