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
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.
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.
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.
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
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
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
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.