In just the last two months of this federal fiscal year, the deficit run up by our government has exceed $1.3 trillion.
The eruption of government red ink literally defies imagination. The deficit figure topped $863 billion during the month of June alone.
The Democrats Are Not Waiting for the Election
Just prior to the global Coronavirus outbreak, serious signs of an emerging financial crisis began to emerge.
A few months ago when the US government announced its 'Paycheck Protection Program' for small businesses, my first thought was, "This is going to be seriously abused."
Given what we know about the coronavirus now, reopening schools in the fall should be something of a no brainer. As of July 1st, of 112,226 confirmed coronavirus deaths, only 171 people age 24 or younger had died from it, or 0.15% of the total.
Yesterday and today, for the first time in my life, I watched the mainstream media in order to understand what people, who are clearly INCAPABLE OF CRITICAL THINKING, allow CNN to brainwash them with. I was an experiment in tapping into the intellect
President Donald Trump said Wednesday that he supports another round of direct payments to Americans -- and that he would support bigger payments than the Democrats.
Fed Chair Jay Powell has released his prepared remarks for his testimony before the House Financial Services Committee tomorrow (with U.S. Treasury Secretary Steven Mnuchin).
One month after the Treasury sold 2Y notes at an all time low yield of 0.176%, a time when the market was concerned with negative yields hitting as soon as November, moments ago the US Treasury sold a record $46BN in 2Y notes in a generally strong au
The U.S. federal government and its monopolist financier, The Federal Reserve, have created an economic fantasy world.
Today in "the government is an awful capital allocator" news, trillions of dollars in stimulus money has apparently been doled out with little to no oversight.
A coalition of conservative leaders sent a letter to President Donald Trump and Senate Majority Leader Mitch McConnell (R-Ky.) warning that the congressional spending in the coronavirus must stop...
The U.S. has spent more than half of $3 trillion in economic rescue funds passed by Congress -- with little of the oversight intended to ensure the money goes to the right places.
Why Does Trump Want to Hide Who Took Small Business Loans?
And then it happened. A vicious sell off seemingly out of the blue putting a sudden end to the steepest rally ever with many indices and individual stocks getting hammered seeing sizable declines just as Nasdaq was making new all time highs and $SPX
The Defense Department is sending millions of dollars to keep companies afloat, and more deals are expected.
The debt of the federal government topped $26 trillion for the first time on Tuesday, when it climbed from $25,960,547,920,986.11 to $26,003,751,512,344.91, according to data released today by the Treasury Department.
They're already attempting to skirt spending rules for acquisitions. That's all part of the plan.
Until then men felt they had found the answer to a steady, orderly, civilized life. For 100 years the Western world had been at peace. For 100 years technology had steadily improved. For 100 years the benefits of peace and industry seemed to be filte
- From Ultra-Deflation To Hyper-Inflation One Hundred Dollars $100 - Most counterfeited money denomination in the world.
Despite California's $54 billion budget deficit and $1 trillion unfunded pension liability, there are 340,390 government employees bringing home six-figure salary and pension checks. Recently, though, Gov. Gavin Newsom asked U.S. taxpayers for a ba
The small city of Fairfield, Alabama, filed for Chapter 9 bankruptcy protection on Tuesday, a rare step by a municipality that comes as local budgets across the nation are upended by the coronavirus pandemic.
Those who continue to celebrate the out-of-control spending, debt, and inflation spree on which U.S. officials have embarked should continue focusing on Argentina...
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin will give their first report on the economic stimulus programs implemented by the $2.2 trillion CARES Act when they testify before the Senate Banking Committee on Tuesday.
Collin O'Mara, president and CEO of the National Wildlife Federation and a former participant in the AmericaCorps VISTA program, has a plan to restore America.
Claims Coronavirus Has Left New York State $61 Billion In Debt
Cuts In Services Strike As Demand Soars
Most U.S. states are seeing tax revenues completely and utterly collapse during this COVID-19 pandemic, and some are already begging the federal government for bailout money.
While it will hardly come as a surprise to anyone that the US fiscal situation is now an absolute catastrophe - following previously projections that the US is expected to issue over $5 trillion in debt this year alone and the Fed is expected to mone