A bondholder could simply allege that America failing to pay off its debts is unconstitutional. There’s a good argument for that.
Former appeals judge J. Michael Luttig gets it right; Congress has the power to impose rules of conduct on the high court.
Today on TAP: The comptroller of the currency rejected other alternatives in the rush to have government underwrite Morgan’s latest coup.
The Supreme Court is poised to unwind a fair number of legal principles to make sure student debtors don’t get a break.
Democrats could have tried to abolish this pointless and dangerous economic time bomb, but failed to do it.
Nonprofit developers are working to get first dibs on transforming multifamily housing developments into real options for rent-burdened New Yorkers.
Today on TAP: The nearly century-long war between the studios and the writers continues.
As she barnstorms the state, the Senate hopeful is making the pitch that Congress and the executive branch have the power to fix their own dysfunction.
The ruling enabling partisan gerrymandering in the state could deliver as many as four seats to Republicans in next year’s U.S. House elections.
Prospect Co-Editor Robert Kuttner hosted a podcast with the noted philosopher and author. This is a partial transcript, edited for clarity.
Today on TAP: He’s been a terrific president. Why are his ratings so consistently low?
Earned wage access is pitched as a way to instantly get money for paid work. But companies attach high fees, and they are seeking exemptions from consumer protection laws.
The supervisors knew exactly what was happening at the bank, and were institutionally incapable of acting. This isn’t an isolated incident.
While employers illegally suppress blue-collar, retail and service workers, professionals and proto-professionals are unionizing in droves.
Today on TAP: But a weakened banking system, coupled with a Fed that is hawkish on rates but kind and gentle on financial regulation, could be the economy’s undoing.
The zombie bank is now in a staring match with potential purchasers and regulators. Ultimately, a failure of oversight caused this mess.
Conditions have improved from the days of the Triangle Shirtwaist Factory fire. But not by nearly enough.
Finally getting Netflix to air her special on her terms, the actress and comedian has become a beacon for people, like her, who’ve had to struggle against social norms.
The American Clean Power Association has endorsed fossil fuel initiatives and their allies in Washington.
Today on TAP: Negotiating with the GOP would be a disaster, but not negotiating has political perils, too. Which leaves—what?