The federal budget deficit rose 17 percent in fiscal 2018, according to the Trump administration. Spending jumped, and revenue only increased slightly following the GOP tax cuts. The Trump administration has pushed for dramatic budget cuts at sever
We last wrote in July about the beginning contraction in outstanding Fed credit, repatriation inflows, reverse repos, and commercial and industrial lending growth, and how the interplay between these drivers has affected the growth rate of the true b
If Italy is going to avoid a full-blown euro zone debt crisis that's capable of causing turmoil in global financial markets, communication will be key.
Last Friday, I discussed that without much fanfare or public discussion, Congress decided to push the U.S. into deeper fiscal irresponsibility with the passage of another Continuing Resolution (CR). To wit:
With its plaintive call for balanced budgets, the fiscal hawk once pervaded Washington. But it's getting harder to spot one.
In FY 2018: Debt Up $1,271,158,167,127; Feds Borrowed $8,172 Per Every American With a Job
The idea that as more people move to Hurricane Alley and other storm-prone places, the future cost of those storms will rise - and that we're not accounting for that future cost and are therefore likely to be shocked by it - makes intuitive sen
Italy's 5-Star/League coalition seeks a 2.4% budget deficit including a guaranteed income provision. Brussels bristles.
The federal government could soon pay more in interest on its debt than it spends on the military, Medicaid or children's programs.
Every year, the U.S. government spends trillions of dollars on a wide range of budgetary items.
In Latest Push For Financial Suicide And Collapse
The federal deficit hit $895 billion in the first 11 months of fiscal 2018, an increase of $222 billion, or 32 percent, over the same period the previous year, according to the Congressional Budget Office (CBO).
We may never know why Rahm Emanuel decided to drop out of the Chicago mayoral race. But the media is certainly giving him a pass. They say he simply dropped out for fear of losing. But there's a far more likely reason than that.
One week after a war of words erupted between Bernie Sanders and Jeff Bezos, the vendetta between the Vermont Senator and the world's richest man escalated on Wednesday when Sanders introduced a Senate bill called the "Stop BEZOS Act", that would req
Trump claims he will use tariffs to pay down the national debt. Let's explore the idea with pictures.
Fascinating video. Huge fall for Moscow after 1991 but picking up again Truth be told much of Moscow's arms exports before 1991 was aid or subsidized and never fully paid for -- in terms of hard currency Russia probably earns more today than
- US Cancels Pakistan Military Aid Over Refusal To Root Out Militants
These charts reflect a linear system that is wobbling into the first stages of non-linear destabilization. The widespread presumption is the U.S. is wealthy beyond words, and will remain so as far as the eye can see: wealthy enough to fund trilli
A U.S. drone base in a remote part of West Africa has garnered attention for its $100 million construction price tag.
The political and media coverup of the genocide of the Greek Nation began yesterday (August 20) with European Union and other political statements announcing that the Greek Crisis is over.
Back in the 1990's, global debt was $40 Trillion. Today it's at an astounding $250 Trillion! The dishonest monetary system is a massive bubble looking for a pin. The ideas in favor of sound money are more important now than ever before.
Italian Deputy Prime Minister Matteo Salvini was right to call out the EU over the failure of the bridge in Genoa this week. It was an act of cheap political grandstanding but one that ultimately rings very true.
President Trump keeps vowing to create more jobs in America. But his actions often speak differently.
Nearly a third of property tax revenue in Chicago is diverted into 143 TIF districts controlled by the mayor, nearly half of which are located in affluent neighborhoods.
Treasury Raises 2018 Borrowing Need To $1.33 Trillion
Like a lot of major cities in the United States, Philadelphia is in pretty rough financial condition.
Not too long ago, in a less turbulent time before the trade wars, the biggest political risk facing the market was the threat of a government shutdown.
Update: the WSJ confirms the earlier report, noting that the Trump administration on Tuesday will announce a plan to extend some $12 billion in emergency aid to farmers...
In the past several years, the national movement to end drug prohibition has accelerated.
According to financial writer Simon Black, the federal government is spending approximately 52,000 dollars per second. This, not last year's tax cuts, is the reason why the national debt has reached a record 21 trillion dollars, which is more than