This is the last week the full Congress will be in session in 2013. It likely also is the last chance for legislators to make a budget deal before 2014 as the Wall Street Journal reports.
Happy jobs Friday! Everyone will be tuning in to the jobs number when it comes out at 8:30 this morning. In October the economy created 204,000 jobs and the unemployment rate rose to 7.3 percent. Here is a recap of the other major economic indicators since the last jobs number:
The Wall Street Journal reports this morning on the president’s call to raise the federal minimum wage: “President Barack Obama vowed Wednesday to focus his final three years in office on income inequality in the U.S., calling for an increase in the federal minimum wage and defending the government's role in boosting economic mobility.” This morning DHE responds in the New York Times and below to the President’s policy proposals.
December 10th is the expected date on a vote on the final rule for the long awaited language of the “Volcker Rule.” The Wall Street Journal reports that “U.S. regulators are expected to approve next week a toughened version of the Volcker rule, ushering in an era of stricter oversight for Wall Street with restrictions on the trading banks can do with their own money.”
The great recession, over regulation, and low interest rates have all contributed to the lowest number of banks in the country since the Great Depression according to a new report from the Wall Street Journal. “The number of federally insured institutions nationwide shrank to 6,891 in the third quarter after this summer falling below 7,000 for the first time since federal regulators began keeping track in 1934, according to the Federal Deposit Insurance Corp.”
A new AAF insight this morning focuses on how ACA’s increased deductibles are pushing patients towards financing their own health care costs.
Add yet another delay to the list of many for the roll out of the Affordable Care Act.
Pending home sales have hit a snag as they sunk to a 10 month low in the month of October.
“Companies are bracing for an influx of participants in their insurance plans due to the health-care overhaul, adding to pressure to shift more of the cost of coverage to employees,” according to a new report from the Wall Street Journal.
Next year’s open enrollment period for the Affordable Care Act will begin one month later than originally scheduled according to a new report from Bloomberg. This delay also happens to move the start of open enrollment to two weeks after next year’s midterm elections.