White House

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  Senate Finance Sets Feb. 13 Hearing on Lew Nomination for Treasury

  By Melanie Waddell, AdvisorOne  |  February 7, 2013

  Jacob "Jack" Lew is sure to face a tough grilling from lawmakers, as President Barack Obama’s recent swath of nominations have been challenged by the courts.

• U.S. Economy Shrinks 0.1% in Q4, First Time Since 2009

  By CHRISTOPHER S. RUGABER, AP Economics Writer  |  January 30, 2013

  The Commerce Department said the economy shrank at an annual rate of 0.1% mainly because companies restocked at a slower rate and the government slashed defense spending.

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  As Geithner Departs Treasury, He Sees Economy Strengthening Gradually

  By MARTIN CRUTSINGER, AP Economics Writer  |  January 25, 2013

  Says he won't seek to be head of Fed, but will definitely be ‘learning how to fly-fish.’

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  Advisors May Still Lose Right to Earn Commissions on IRA Advice

  By Dale Brown, Financial Services Institute  |  January 15, 2013

  The Department of Labor will likely issue a reworked version of its fiduciary proposal in late Q1 or early Q2, and concerns about its potential impact remain very real.

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  Obama’s Treasury Secretary Pick Is Said to Be Jack Lew

  By John Sullivan, AdvisorOne  |  January 9, 2013

  Nomination would signal White House intent to “keep Treasury close” to its sphere of influence.

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  House Passes Fiscal Cliff Bill, Averting Plunge—for Now

  By ALAN FRAM, Associated Press  |  January 2, 2013

  House passes Senate bill, 257-167, shortly before midnight, sending legislation to President Barack Obama to sign.

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  House Takes Up Senate’s Fiscal Cliff Bill

  By Andrew Taylor, Associated Press  |  January 1, 2013

  Legislation to negate a fiscal cliff of across-the-board tax increases and sweeping spending cuts to the Pentagon and other government agencies is headed to the GOP-dominated House after bipartisan, middle-of-the-night approval in the Senate.

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  Will the DOL Finally Show that Fiduciary Advice Is Better Business?

  By Bob Clark, AdvisorOne  |  December 27, 2012

  Cornerstone of new proposal is expected to be “substantial economic analysis.”

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  PIMCO’s El-Erian to Assist Obama Administration

  By John Sullivan, AdvisorOne  |  December 26, 2012

  PIMCO CEO Mohamed El-Erian has been named chairman of President Obama's Global Development Council.

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  Hope Dims for Fiscal Cliff Deal Before Christmas

  By John Sullivan, AdvisorOne  |  December 21, 2012

  A Christmas miracle on the fiscal cliff faltered after House Speaker John Boehner called an abrupt recess for the House, handing responsibility for a deal to President Obama and the Democrats.