National Journal

New Moves on Wealth Funds (National Journal, subscription only)

. . . Some analysts suggest that the likely ineffectual nature of the forthcoming IMF code of conduct and the reluctance of the Bush administration to take a tougher line reflect the impotence of the United States -- the world's largest debtor nation -- in regulating sovereign wealth funds.

"The leverage is not with us," said Doug Rediker, co-director of the New America Foundation's Global Strategic Finance… more

Phony Budget Tells All (National Journal, subscription only)

According to the Committee for a Responsible Federal Budget, ongoing indexation of the AMT would add nearly three-quarters of a trillion dollars to the projected deficit over the next 10 years. ...