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The Conventional Wisdom About Government Health Care Spending Is Wrong

This sentence is a pithy summary of the centrist conventional wisdom about taxes, spending, debt, and health care: “The political impasse facing the U.S. arises from one simple reality: Americans want...

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Drop in Home Loans Takes Toll on Banks

Larry Downing/ReutersJamie Dimon, a arch executive of JPMorgan Chase, reported a 33 percent boost in first-quarter benefit on Friday. Wall Street knew a disturb wouldn’t last. The nation’s biggest...

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