Government and Economy
White House Predicts Zero Job Growth This Year
Christina Romer, Chair of the White House Council of Economic Advisers, expects the GDP to begin growing in the fourth quarter of this year, but she also expects unemployment to rise after the economy turns, saying the GDP must grow at 2.5% before unemployment improves. NYTimes.com
Intense Bargaining Earns Banks Stress Test Concessions
After two weeks of intense negotiations, the Fed scaled back the size of the capital hole facing some of the nation's biggest banks shortly before concluding its stress tests, using a measurement of bank-capital levels that resulted in much smaller capital... [Read Full Article]
