Headlines this week revealed a new nomination but an old hat at the Treasury, a new direction for an old-line grocer, and same-old, same-old at the ECB--for now, anyway.
Although we're unlikely to face a worst-case scenario on the debt ceiling debate, it's important for investors to understand the potential consequences.
Even if Congress can expediently pass Monday's compromise on tax rates, big hurdles on entitlements, the debt ceiling, and possible further tax-code revisions await, says Morningstar markets editor Jeremy Glaser.
President Obama on Thursday announced the nomination of Jack Lew for Treasury Secretary. He comes with slightly less impressive credentials than his predecessor.
The U.S. House passed a bill undoing income tax increases for more than 99 percent of households, giving a victory to President Barack Obama even as Republicans vowed to fight him in coming weeks for spending cuts in exchange for raising the debt ceiling.