Trump's farm bailouts have cost taxpayers more than $28 billion already, and he just announced another $14 billion in payments as part of his reelection pitch to farm-heavy states.
Dubai. Abu Dhabi. Bahrain. And, of course, Saudi Arabia. The two emirates this year issued debt for the first time in years. So did Bahrain.
One week ago, New York City Mayor Bill de Blasio announced that he will furlough himself and his City Hall staff for one week as the city weathers a budget (and everything else too) crisis. "We've already had to make some tough cuts," de
The dollar continues to extend its recent gains, reaching near 2-month highs...
When oil prices crash, they issue debt to keep going until prices recover. This time, there is a problem. Nobody knows if prices will recover...
Even as the fiscal 2020 budget deficit surged past $3 trillion, more than double the previous record deficit, US Treasury Secretary Steve Mnuchin called for more federal spending, saying "now is not the time to worry about shrinking the deficit.
After May's huge rebound from March and April's collapse, which pushed total retail sales to new record highs, August's growth was expected to slow as government handouts fade from memory and jobs don't return as rapidly as everyone expected.
What happens when your state or city has massive unfunded pension liabilities, no direct access to the Fed's money printer and can't tax your state any further because you're driving people out in droves?
According to the Congressional Budget Office's (CBO) latest "Update on the Budget Outlook," this year's $3.3 trillion federal deficit is not just three times larger than last year: it is the largest federal deficit in history.
"If you discover at a later stage that there was Mafia involvement, how do you undo what you've already done?"
President Donald Trump on Sunday warned the Department of Education is investigating the use of the New York Times' "1619 Project" in schools, saying that institutions that use the alternative narrative of U.S. history could lose federal fundin
In June, US Department of the Treasury data revealed that America's national debt had exceeded $26 trillion for the first time in the nation's history, as the country continues to grapple with the economic fallout from the novel coronavirus pandemic.
Do you remember that big multi-trillion-dollar "stimulus" package that Congress enacted last spring and that President Trump signed into law?
Air Force One is already one of the fastest passenger planes in the world -- but the Pentagon wants to make it a lot faster.
Chinese Communist Party Chairman Xi Jinping's signature foreign policy proposal has been the "Belt and Road Initiative" (BRI) commercial and strategic program.
The Trump Administration announced awards of more than $1 billion Wednesday for the establishment of 12 new artificial intelligence (AI) and quantum information science (QIS) research & development institutes across the United States.
The White House has announced additional funding for Artificial Intelligence and Quantum computing research.
It is so funny watching Republicans and Democrats fighting over the Postal Service. Their fight is over how to make the Postal Service finally work. Their differences revolve around how much tax money to hand over to the Postal Service to enable it t
July 22, 2020, Pfizer struck a $1.95 billion deal with the U.S. Department of Health and Human Services and the Department of Defense to provide Americans with 100 million doses of its COVID-19 vaccine, for free, with an option for 500 million additi
The Wile E. Coyote Moment For The US Consumer
Always looking for ways to one-up its own failed welfare state and run the Covid score up on President Trump, California has now approved a pilot plan to pay $1,250 to anyone who tests positive for coronavirus to encourage them to "stay at home and s
o you recall that $3 trillion in stimulus money that the federal government sent out to people? Do you recall it was free because, as everyone knows, the federal government is rich? Do you recall how the mainstream press was talking about how generou
Will They Dare To Challenge Trump's Stimulus Orders
The Democrats and Republicans could not agree on a compromise on Friday. Trump has threatened to call his own shots.
The day before a $765 million loan from the government was announced, Kodak granted its executive chairman Jim Continenza 1.75 million options as the result of what is being called an "understanding" with the Board of Directors. The options had not b
For all its monetary generosity, despite injecting $3 trillion reserves into the banking system (if not the economy), the Fed remains stuck with two big problems.
In the run-up to the November elections, both President Trump and Joe Biden, along with their respective party cohorts, are gearing up to give another few trillion dollars in free money to American voters.
Tea Party conservatives are waking up to the lack of fiscal discipline by the Republican establishment over exploding deficits and another round of economic stimulus, according to The Hill.
'Now's not the time to turn off the faucet when, you know, we should be using our strong balance sheet to borrow to stimulate the economy' - California Democratic Rep. Scott Peters
Deepening negative yields in the U.S. Treasury market are fueling a frenetic rally in gold that's boosting the precious metal toward a record.