Daniel Indiviglio is a Reuters Breakingviews columnist, based in Washington, where he covers the intersection of politics and business. He joined from The Atlantic, where he covered a similar beat, providing analysis on topics such as financial regulation, housing finance policy, the Treasury, and the Fed. He also wrote for Forbes. He is a 2011 Robert Novak Journalism Fellow through the Phillips Foundation. Prior to becoming a journalist, Dan spent several years working as an investment banker and a consultant for financial services firms. He holds a BA from Cornell University, where he triple majored in economics, philosophy and physics. Follow Dan on Twitter @indiviglio
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America’s new finance chief’s key expertise on budgets now looks less useful. Instead, he’s facing challenges in global diplomacy, regulatory implementation and scandal fallout management. He’ll need to get up to speed quickly or risk his predecessor’s progress.
Uncle Sam’s seizing of Fannie Mae and Freddie Mac in 2008 marked one more failure in a sorry decades-long history. Their misdeeds ranged from strong-arming politicians to cooking the books. They shouldn’t now get a pass just because their profits are again helping Washington.
When barraged with tough questions from senators, CEO Tim Cook held the line. He admitted the company needed a complex tax strategy to remain globally competitive, but also offered a sensible compromise. Why not make the American tax code as minimalist as the iPhone?
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