debt ceiling

Following Wednesday's Federal Open Market Committee meeting, Federal Reserve Chairman Ben Bernanke held a press conference. During the press conference, Bernanke reiterated the FOMC's view that economic growth was slower than anticipated. When asked why, Bernanke stated that the FOMC had “no...

With the Greek situation exacerbating in severity, investors are running for the safe-haven of the U.S. dollar. The U.S. dollar index rose roughly 0.20% on Thursday, approaching $76. Nearly all currencies declined against the dollar, as investors fearing a default by Greece may have shifted their...

Every investment has its risks, and California municipal bonds certainly has its fair shares and some more. First and foremost, municipal bonds are fixed-income investments, and they are typically highly sensitive to interests rates. While we do not believe that normal interests rate fluctuation...

The Chairman of the Federal Reserve, Ben Bernanke, gave a speech on Tuesday, in which he urged congressional leaders to tackle the long-term fiscal imbalances of the United States without failing to raise the debt ceiling. Bernanke argued that the deficit should decrease naturally as the economy...