USA

Will the Trans-Pacific Partnership be a good deal for Australia?

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With negotiations at a critical stage and the potential ramifications for our economy so large, it is surprising how little public debate there has been concerning this trade deal.

A financial system still dangerously vulnerable to a panic

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The Federal Reserve’s powers to act as lender of last resort need to be restored and strengthened.

Why the Fed isn't worried about falling inflation

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The Federal Reserve expects lower oil prices will benefit both the US and the global economy, so the weak inflation numbers are unlikely to halt a rate rise.

A proactive Fed won't wait for inflation

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The Federal Reserve is more likely to lift rates on the assumption that inflation will follow rather than wait for it to return to target.

Obama seeks authorisation to fight ISIS

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US president sends Congress a draft proposal for war resolution against Islamic State.

Obama proposes near $US4tn budget

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US President targets infrastructure, middle class while taxing businesses and wealthy.

Obama to propose tax on firms' foreign earnings

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One-time tax on foreign earnings would pay for infrastructure rebuilding program.

Donors flock to Bush, Christie with Romney out

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Donors holding out for Romney's decision can now pick their candidate for 2016.

GOP race opens up without Romney

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Donors that adopted 'wait and see' approach now have less reason to wait.

Romney not running in 2016

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Former governor tells supporters it's the next generation's turn to lead GOP.

Oil price volatility could test the Fed's patience

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Volatile oil price fluctuations could cause inflation to roar back towards the Federal Reserve's target, the question is when?

Obama and Modi set a new course

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Obama's visit to New Delhi is set to provide the US-India relationship with a fresh sense of purpose.

Canada cuts rates. Can the US really hike?

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As other central banks either slash rates or print money to stimulate their economies, and with US inflation already soft, the Fed might want to rethink its timing for lifting rates.

Obama puts hope back on the agenda

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In his State of the Union address, President Obama offered a a vision of post-recession liberalism that was at once hopeful and limited.

US deficit smallest since 2007

US Treasury posts smallest calendar year deficit in seven years after December surplus.

Romney mulls run for US president

by AP
Republican Mitt Romney could make third attempt at claiming presidency in 2016.

The Democrats must vote 'yes' on trade

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Deals currently in negotiation will be good for the economy, good for workers and good for President Obama.

Boehner elected for third term as House speaker

House Republicans re-elect John Boehner over objections of frustrated conservatives lobbying for a new leader.

Republicans take control of Congress

by AP
Republicans assume control of both chambers of US Congress for first time in eight years.

The 'divergent’ world of 2015

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Veronica Roth’s novel offers a useful way of viewing global politics and economics. Let’s hear it for Dauntless America.

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