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Wall Street boogeymen known as 'bond vigilantes' have haunted Democrats for decades. But Biden has a chance to exorcise those demons, reshape the economy, and tackle climate change.

President Biden should ignore worries about Wall Street boogeymen known as "bond vigilantes" and finance his infrastructure and green energy plan with debt. Dilip Vishwanat/Getty Images; Samantha Lee/Insider Joe Biden plans to pay for his climate, infrastructure and jobs bill with higher taxes instead of deficit spending Democratic politicians have been scared off from ambitious deficit spending to avoid spiking interest rates imposed by so-called "bond vigilantes." But investors demand sa...
Tags: Congress, California, White House, China, US, America, Los Angeles, Barack Obama, Trends, Joe Biden, Brooklyn, Gop, Washington Dc, New York Times, Bill Clinton, Treasury


Obama announces the death of treasured family dog Bo: 'Our family lost a true friend and loyal companion'

White House/Pete Souza Former President Barack Obama on Saturday announced the death of the family dog, 12-year-old Bo. Bo arrived at the White House in April 2009. He lost a battle to cancer, Michelle Obama said. See more stories on Insider's business page. Former President Barack Obama on Saturday announced the death of dog Bo at the age of 12.The cause of death was cancer, which was confirmed by former first lady Michelle Obama.The Portuguese Water Dog, who arrived at the White Ho...
Tags: Dog, Politics, News, Obama, White House, Barack Obama, Trends, Michelle Obama, Barack, Pete Souza, Bo Obama, Bo, Obama Family, John L Dorman, Brooks Kraft LLC Corbis, White House Pete Souza Former


White House press secretary Jen Psaki says she advises Biden not to take spontaneous questions from reporters

White House press secretary Jen Psaki. AP Photo/Evan Vucci Jen Psaki says she doesn't advise President Biden to take impromptu questions from reporters. "That is not something we recommend," she said during an interview with David Axelrod. Psaki said that she aims to keep Biden on message and free of "distractions." See more stories on Insider's business page. White House press secretary Jen Psaki said in an interview released on Thursday that she doesn't encourage President Jo...
Tags: Politics, Senate, White House, Barack Obama, Trends, Joe Biden, Cnn, Mitch McConnell, Biden, Collins, Don, Axelrod, David Axelrod, Liz Cheney, Jen Psaki, Psaki


McConnell supports long-overdue Kentucky bridge project, but rejects proposed corporate tax hikes to fund the work

Senate Minority Leader Mitch McConnell of Kentucky speaks after a GOP policy luncheon on Capitol Hill. AP Photo/J. Scott Applewhite, File Mitch McConnell is opposed to President Joe Biden's proposed $2.3 trillion infrastructure bill. McConnell isn't changing his anti-tax views, even if it threatens funding for a new Spence Bridge. The bridge, which links Ohio and Kentucky, is a critical transportation artery in the US. See more stories on Insider's business page. The Brent Spen...
Tags: Transportation, Politics, Kentucky, Senate, White House, US, Barack Obama, Trends, Joe Biden, Gop, House, The Times, Mitch McConnell, Ohio, Capitol Hill, The New York Times


Obama's former top economist outlines 5 factors that are likely keeping people from returning to work

Jason Furman. Reuters A former top economist to Barack Obama said the April jobs report was "stunning." "It's going to be complicated and messy" for the economy to get back on track, Jason Furman says. He outlined 5 factors likely keeping people from returning to work, including virus fears and school closures. See more stories on Insider's business page. Jason Furman, a former top economist to President Barack Obama, said Friday's April jobs report was a "stunning" one."But yo...
Tags: Obama, White House, Barack Obama, Trends, Joe Biden, Harvard University, Biden, Yellen, Council of Economic Advisers, Furman, Jason Furman, Joseph Zeballos Roig, Jason Furman Reuters


Americans can't keep ignoring the dozens of states sneaking through laws that attack the right to protest and make it more dangerous to take to the streets

Native youth demonstrators carry a pipeline/black snake to the White House demanding President Joe Biden shutdown the Dakota Access Pipeline on April 01, 2021 in Washington DC. Lenin Nolly/NurPhoto/Getty Images Republican-led state legislatures in several dozen states have passed laws severely limiting the right to protest. This is a consequence of a GOP takeover at the state level while Democrats focus on the federal level. Americans need to pay attention to what's going on in their...
Tags: Florida, White House, US, America, Barack Obama, Trends, Joe Biden, Gop, Washington Dc, Republican Party, Oklahoma, Tea Party, Trump, Democratic, Democratic Party, Charlottesville Virginia


April's terrible jobs report shows the 2019 economy is not coming back and that's a problem

The US is reopening to a reshaped economy where consumer spending is recovering faster than jobs. SERGIO FLORES/Getty Images The US economy only added 266,000 jobs in April, far less than economists' predictions of 1 million. While leisure and hospitality showed the biggest gain, they were still far below pre-pandemic norms. The jobs report signals that the reopened economy won't look like 2019's for a long time. See more stories on Insider's business page. April's jobs...
Tags: Hollywood, US, Barack Obama, Trends, Bloomberg, Bureau of Labor Statistics, International Monetary Fund, Msnbc, Morgan Stanley, Jason, Sergio, Kristalina Georgieva, Federal Reserve Chair, Jerome Powell, Hillary Hoffower, Ben Winck


April's dismal jobs report shows the 2019 economy is not coming back and that's a problem

The US is reopening to a reshaped economy where consumer spending is recovering faster than jobs. SERGIO FLORES/Getty Images The US economy only added 266,000 jobs in April, far less than economists' predictions of 1 million. While leisure and hospitality showed the biggest gain, they were still far below pre-pandemic norms. The jobs report signals that the reopened economy won't look like 2019's for a long time. See more stories on Insider's business page. April's jobs...
Tags: Hollywood, US, Barack Obama, Trends, Bloomberg, Bureau of Labor Statistics, International Monetary Fund, Msnbc, Morgan Stanley, Jason, Sergio, Kristalina Georgieva, Federal Reserve Chair, Jerome Powell, Hillary Hoffower, Ben Winck


How April's dismal jobs report is setting the stage for Biden's $4 trillion economic fight with the GOP

President Joe Biden pauses as he speaks about the April jobs report in the White House on May 7, 2021. SAUL LOEB/AFP via Getty Images Republicans and Democrats drew sharply different conclusions about the April jobs report. Democrats are using it to bolster their case for massive infrastructure spending on issues like childcare. The GOP wants to slam on the spending brakes, arguing stimulus benefits are setting back job growth. See more stories on Insider's business page. In some ways,...
Tags: Congress, White House, US, Barack Obama, Trends, Joe Biden, Gop, House, Nancy Pelosi, Biden, Chamber of Commerce, TX, House Ways and Means Committee, Kevin Brady, Jason Furman, Joseph Zeballos Roig


52 unique gift ideas for Mom, from a custom photo book to an herb gardening kit

If you buy through our links, we may earn money from affiliate partners. Learn more. Artifact Uprising Mother's Day isn't the only time you can buy gifts for Mom. You can show her your appreciation with any of these 52 thoughtful gifts for Mom. From loungewear to jewelry to tech gadgets, there's a gift for all tastes and budgets. For more inspiration, check out all of the Insider Reviews gift guides. Although mothers may be challenging to shop for - humbly resigning to the p...
Tags: Reviews, Amazon, Nordstrom, Gift Guide, Shonda Rhimes, Barack Obama, Trends, Gifts, Neil Degrasse Tyson, Philips, National Geographic, Mom, Malcolm Gladwell, Anthropologie, Alexa, Gift Ideas


With few GOP allies left, Ted Cruz takes refuge at Mar-a-Lago with his former enemy Trump

Ted Cruz and Donald Trump. AP Sen. Ted Cruz and former President Donald Trump had dinner together Tuesday night. Trump and Cruz spent years at each other's throats, but Cruz became an ally with Trump in office. They face political roadblocks that may have pushed them toward a politically expedient alignment. Sign up for our daily newsletter 10 Things in Politics You Need to Know Today. Politics makes for strange bedfellows - and dinner companions.On Tuesday night, Sen. Ted Cruz of Te...
Tags: Facebook, Politics, Texas, Jimmy Kimmel, Supreme Court, Congress, Washington Post, Senate, America, Barack Obama, Trends, Analysis, Gop, Ted Cruz, New York Times, John F Kennedy


Former CFPB Chief Cordray Lands New Job in Biden Administration

Former Director of the Consumer Financial Protection Bureau (CFPB) Richard Cordray has been appointed to a new position in the administration of President Joe Biden, where he will oversee the federal government’s $1.6 trillion portfolio of student loans and financial aid programs at the U.S. Department of Education. This is according to original reporting at Politico. Cordray’s official position within the Education Department will be to lead the Office of Federal Student Aid, and his appoint...
Tags: Finance, Massachusetts, Politico, Elizabeth Warren, Barack Obama, Joe Biden, United States, Biden, Donald Trump, Department Of Education, Trump, CFPB, U S Department of Education, Consumer Financial Protection Bureau, Education Department, Cardona


The Elizabeth Warren ally just picked to oversee US student loans could help make her debt-cancelation dream come true

Sen. Elizabeth Warren (D-MA). Chip Somodevilla/Getty Images Former CFPB head Richard Cordray will lead the Federal Student Aid office, which oversees student debt. Elizabeth Warren helped create the CFPB and was key in nominating Cordray when she couldn't helm the agency. Warren wants to cancel $50,000 in student debt per person and Cordray has shared her agenda for much of his political career. See more stories on Insider's business page. Since she was elected to the Senate almost...
Tags: Obama, Senate, Elizabeth Warren, US, Barack Obama, Trends, Harvard, Washington Dc, Warren, Ohio, Corinthian Colleges, Biden, Marketwatch, Mark Brown, CFPB, Navient


Bill and Melinda Gates said they'll continue their philanthropy work after their divorce. Here are their biggest projects, including spending nearly $2 billion to fight COVID-19.

Bill and Melinda Gates have announced they are to divorce. Ted S. Warren/AP Bill and Melinda Gates said their divorce wouldn't get in the way of their philanthropic work. The couple set up the Bill and Melinda Gates Foundation in 2000, which focuses on health, education, and poverty. Here are the foundation's biggest projects. See more stories on Insider's business page. Bill and Melinda Gates announced Monday that they're getting divorced after 27 years of marriage. They w...
Tags: Science, Microsoft, Nigeria, US, Barack Obama, Trends, Bill Gates, West Africa, Berkshire Hathaway, Warren Buffett, Bill and Melinda Gates Foundation, Time Magazine, Bill, Seattle, Philanthropy, Melinda Gates


Melinda French Gates will not change her name after her divorce, according to court documents

Melinda French Gates speaks onstage at a February 2019 event. Bryan Bedder/Getty Images for THR Melinda French Gates will not change her name as part of her divorce, court documents show. Gates and her husband, the Microsoft founder Bill Gates, announced their divorce Monday. The two were married for 27 years. See more stories on Insider's business page. Melinda French Gates will not change her name as part of her divorce from Microsoft founder Bill Gates, court documents show.Accordin...
Tags: News, Microsoft, Barack Obama, Trends, Hawaii, Bill Gates, Bill, Melinda Gates, Gates, Rory, Jennifer, Melinda Gates Foundation, Phoebe, Bryan Bedder Getty, INSIDER Data, Melinda French Gates


Tucker Carlson calls Barack Obama a 'creepy old guy' and attacks him for urging Americans to get the COVID-19 vaccine

President Barack Obama seen in an Ad Council public service announcement released March 11, 2021. YouTube/Ad Council Tucker Carlson called Barack Obama a "creepy old guy" for encouraging COVID-19 vaccination. The Fox News host attacked Obama for filming a PSA encouraging young people to get the shot. In recent weeks, Carlson has cast doubt over the safety of the COVID-19 vaccine on his show. See more stories on Insider's business page. Fox News host Tucker Carlson on Monday called form...
Tags: Politics, News, Obama, Washington, Nbc News, Barack Obama, Trends, Cnn, Gop, House, Psa, New York Times, Food And Drug Administration, Fox News, Pfizer, Vaccine


Situation Room meetings about the 2011 bin Laden raid were named 'Mickey Mouse meeting' to ensure its secrecy, new account says

Then-Vice President Joe Biden, President Barack Obama, and top US military and political officials seen in the Situation Room overseeing the Osama bin Laden raid. White House/Pete Souza/Handout via Reuters Former US officials told Politico how the 2011 hit on Osama bin Laden was planned in the White House. Situation Room meetings were labeled "Mickey Mouse meeting" on calendars to hide the subject. The report details in minute detail how the US located and planned to kill the al-Qaeda lead...
Tags: Politics, Obama, Osama Bin Laden, White House, Politico, US, Barack Obama, Trends, Joe Biden, Cnn, Gop, News UK, Ben Rhodes, Al Qaeda, Cia, Jon Favreau


Bill and Melinda Gates are ending their 27-year marriage. Here's how the Microsoft cofounder spends his $129 billion fortune, from a luxury-car collection to incredible real estate.

Bill Gates has an estimated net worth of $129 billion. Thierry Chesnot/Getty Images Bill Gates and his wife of 27 years, Melinda French Gates, are getting a divorce. Gates, the cofounder of Microsoft, has a fortune worth $130.5 billion. Gates indulges in a few luxuries, but he mainly spends through the Bill & Melinda Gates Foundation. Visit Business Insider's homepage for more stories. Bill and Melinda Gates are ending their 27-year marriage.The couple announced the news in a statement...
Tags: Amazon, Elon Musk, News, Microsoft, Australia, California, Washington, New York City, Nigeria, US, San Francisco, Barack Obama, Trends, Atlanta, Wealth, Features


Former Senator Bill Nelson is officially NASA's new administrator. His goals: support climate research and put astronauts on the moon.

Former Senator Bill Nelson appears before the Senate Committee on Commerce, Science, and Transportation, April 21, 2021, in Washington DC. NASA/Bill Ingalls NASA officially has a new administrator: former Senator Bill Nelson was sworn in on Monday. In statements to Congress, Nelson didn't express plans to make any big changes at NASA. Nelson wants NASA to keep studying climate change and send astronauts to the moon. See more stories on Insider's business page. NASA has a new leader...
Tags: Transportation, Spacex, Florida, Science, News, Congress, Climate Change, Washington, Senate, White House, US, Barack Obama, Trends, Nasa, Earth, Moon


Bill and Melinda Gates are getting divorced. Here's a look inside their 27-year marriage, from meeting at work, to having 3 kids, to spending $45 billion on philanthropy.

Bill and Melinda gates are splitting up, the Microsoft co-founder announced on Monday. Scott Olson/Getty Images Bill Gates, the founder of Microsoft, announced he and his wife, Melinda, will divorce. Gates married Melinda French in 1994 after the two met at work. The two run the Bill & Melinda Gates Foundation, which has an endowment of $49.8 billion as of 2019. See more stories on Insider's business page. Bill and Melinda Gates are getting divorced.The billionaire Microsoft founder an...
Tags: Florida, Marriage, Microsoft, Bono, Life, Finance, Africa, US, Barack Obama, Trends, Strategy, Ted, Relationship, Features, Munich, Nelson Mandela


FHA Official: Prior Mortgagee Letter Guidance for Reverse Mortgages Could be Consolidated in 2021

The currently senior-most official with the Federal Housing Administration (FHA) indicated last week that all the previous FHA Home Equity Conversion Mortgage (HECM) program guidance handed down to the reverse mortgage industry via Mortgagee Letter (ML) could be considered voluminous for new and existing industry participants, and FHA is currently looking at ways in which to consolidate all previous HECM program guidance into the Single Family Housing 4000.1 Handbook. This is according to Pri...
Tags: Congress, Finance, Senate, Barack Obama, Hud, FHA, Oval Office, Irwin, Steve Irwin, Federal Housing Administration FHA, HECM, Mortgagee Letter, Marcia Fudge, NRMLA, Kolluri, Mortgagee Letter ML


Biden's first 100 days are a big break with the Reagan legacy. He says jobs and families need an active state.

President Joe Biden leaves the House Chamber with Rep. Maxine Waters (D-Calif.) and Sen. Bernie Sanders (I-Vt.) after his joint address to Congress. Melina Mara/Pool/AFP via Getty Images Biden is spending big to expand the nation's safety net in the wake of the pandemic. In his first 100 days, he spent $1.9 trillion and pitched another $4 trillion to assist families and create jobs. "COVID has now created a stormwave of support for government," Barney Frank told Insider. See more stori...
Tags: Obama, Congress, Washington, Mexico, Senate, White House, US, America, Barack Obama, Trends, Reagan, Turkey, Joe Biden, Getty Images, Gop, Margaret Thatcher


Mohamed El-Erian says inflation is here to stay and won't be 'transitory' like the Fed claims

Federal Reserve Chair Jerome Powell. Pool/Getty Images Mohamed El-Erian says inflation is not "transitory" like Jerome Powell has claimed. He cited the multitude of examples, from rising lumber prices to Warren Buffett's "very substantial" inflationary pressure comments in Berkshire's annual meeting. The president of Queen's College Cambridge said the Fed needs to start "tapping the breaks" on its dovish policy and asset purchases. Sign up here for our daily newsletter, 10 Thin...
Tags: US, Barack Obama, Trends, Pimco, Warren Buffett, Berkshire, Financial Times, Cnbc, Fed, The Fed, Bank of Canada, Powell, Allianz, Mohamed El Erian, Global Development Council, El Erian


Right-wing media keeps trying to force easily-debunked Biden scandals instead of focusing on actual policy

President Joe Biden. Scott Olson/Getty Images President Joe Biden continues to prove difficult for Republicans to attack. Several recent purported scandals that dominated right-wing media have been easily debunked. Attacks on Biden are not sticking like they did for Barack Obama or Hillary Clinton. See more stories on Insider's business page. Ever since the 2020 campaign, Republicans have struggled to land the same kinds of attacks on Joe Biden that worked on Barack Obama and Hillary C...
Tags: Florida, Politics, Obama, Washington, White House, Virginia, Politico, Barack Obama, Trends, Georgia, Joe Biden, Analysis, Gop, Hillary Clinton, Fox News, Biden


Biden remembered 'the courage and skill' of US forces on 10-year anniversary of the raid that killed Osama bin Laden

US President Barack Obama and Vice President Joe Biden, along with members of the national security team, receive an update on the mission against Osama bin Laden in the Situation Room of the White House on May 1, 2011. Pete Souza/The White House President Joe Biden issued a statement to mark 10 years since the raid that killed Osama bin Laden. "We followed bin Laden to the gates of hell - and we got him," Biden said. Biden has committed to withdrawing troops from Afghanistan by September ...
Tags: Politics, Obama, Osama Bin Laden, White House, US, America, Barack Obama, Trends, Joe Biden, Afghanistan, United States, Pakistan, Terrorism, Al Qaeda, Biden, Afghanistan War


The Biden Administration continues the White House's long history of personalizing everything, from pens to cookies to shovels

First Lady Jill Biden’s Air Force One embroidered jacket Official White House Photo by Cameron Smith via Flickr President Joe Biden finally got his own M&Ms, marking a tradition that dates back to the Reagan era. It's far from the only branded perk that the president (and vice-president) are gifted with. Insider rounded up other personalized presidential items spotted by photographers. See more stories on Insider's business page. Leadership in Washington flips from red to blue eve...
Tags: Politics, Obama, Washington, White House, Barack Obama, Trends, Reagan, Joe Biden, BBC News, Ronald Reagan, Williams, Bill Clinton, Merch, Biden, Donald Trump, Kamala Harris


'Maybe I just wasn't good enough': Elizabeth Warren reflects on unsuccessful presidential campaign in new book

Then-US presidential candidate Elizabeth Warren speaks during a rally at Washington Square Park in New York on September 16, 2019. Preston Ehrler/SOPA Images/LightRocket via Getty Images Sen. Warren reflects on her unsuccessful 2020 presidential bid in her upcoming book, "Persist." After entering the race to much fanfare, she was unable to translate that enthusiasm to votes. "Maybe I just wasn't good enough to reassure the voters," she wrote. See more stories on Insider's business ...
Tags: Politics, New York, Senate, White House, Massachusetts, Elizabeth Warren, US, Barack Obama, Trends, Gop, Hillary Clinton, Warren, Biden, Donald Trump, Hillary, Vermont


The QAnon insurrectionist who filmed himself begging to be shot and inciting rioters to storm the Capitol told the FBI he was only there as a 'journalist'

Andrew Jackson Morgan Jr. records himself during the insurrection on January 6, 2021. Political Trance Tribune Andrew Jackson Morgan Jr. claimed to be at the insurrection as a civil rights auditor and journalist. Several now-deleted recordings show him encouraging the pro-Trump mob to storm the Capitol. An Insider investigation reveals that he was motivated by far-right, conspiratorial beliefs. See more stories on Insider's business page. Wearing his trademark Harley Davidson beanie an...
Tags: Facebook, Politics, Texas, Media, Law, Youtube, Washington, US, America, Barack Obama, Trends, Fbi, Austin, Washington Dc, News UK, Michigan


George W. Bush says 'there's no question there needs to be police reform' after Chauvin verdict

Former President George W. Bush speaks during the Presidential Leadership Scholars graduation event at the George W. Bush Presidential Center in Dallas, Texas, June 27, 2019. Sergio Flores/Reuters Former President George W. Bush called for police reform in the wake of the Derek Chauvin verdict. Chauvin is an ex-Minneapolis police officer who was recently convicted of murdering George Floyd. Bush said Americans must learn there needs to be police reform - but there also needs to be police. ...
Tags: Politics, News, Minneapolis, US, America, Barack Obama, Trends, United States, Fox News, Graham, Police Brutality, Black Lives Matter, George W. Bush, South Carolina, Kamala Harris, Bush


Biden's first 100 days is all about jobs and families - and he's willing to spend big in a break with the Reagan legacy

President Joe Biden leaves the House Chamber with Rep. Maxine Waters (D-Calif.) and Sen. Bernie Sanders (I-Vt.) after his joint address to Congress. Melina Mara/Pool/AFP via Getty Images Biden is spending big to expand the nation's safety net in the wake of the pandemic. In his first 100 days, he spent $1.9 trillion and pitched another $4 trillion to assist families and create jobs. "COVID has now created a stormwave of support for government," Barney Frank told Insider. See more stori...
Tags: Obama, Congress, Washington, Mexico, Senate, White House, US, America, Barack Obama, Trends, Reagan, Turkey, Joe Biden, Getty Images, Gop, Margaret Thatcher



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