Form held today, as the US choice for President of the World Bank was formally adopted as the new leader. In a vote of member states, Dr. Jim Yong Kim won election to the Presidency, beating out his chief rival, Nigeria’s Ngozi Okonjo-Iweala, a former World Bank managing director. Dr. Kim, 52, will take over [...]

The other day, White House Press Secretary Jay Carney tried to offload the decision on whether to go forward with the Keystone XL pipeline on the State Department. But President Obama himself was asked about the pipeline in a local news interview last night, and he took full responsibility for making the decision. In doing [...]

Because the April Obama deficit reduction plan played out over a 12-year time horizon, and the deficit reduction plan released yesterday has a more traditional 10-year horizon, some of the presumed changes aren’t really big changes at all. In fact, the plan reads like a rehash of that April document, with the American Jobs Act [...]