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Government Debt & Financing

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Article Image News Link • Global, Tyler Durden

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

Article Image News Link • Global, by Tyler Durden

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.

Article Image News Link • Global by Tyler Durden

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.

Article Image News Link • Global by Jack Phillips

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

Article Image News Link • Global, by Oleg Burunov

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.

Article Image News Link • Global by Tyler Durden

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

Article Image News Link • Global by Tyler Durden

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

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