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Democrats release $3.5TRILLION budget proposal they can pass without GOP support including climate initiatives, social welfare, green cards for immigrants and tax cuts - but leave out plans to raise the debt limit
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US military leaders hype the threat of a potential Chinese invasion of Taiwan to justify more military spending
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The United States economy recovered at a 6.5 percent annualized rate in the second quarter of 2021, and gross domestic product (GDP) is now above the pre-pandemic level. This should be viewed as good news until we put it in the context of the largest
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The Los Angeles Times is concerned about the possibility that Republicans might not agree to raise the debt ceiling when it is set to go back into effect this month after a two-year suspension.
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Just seven weeks into his presidency, Joe Biden signed a $1.9 trillion COVID-19 relief bill. Among the largest spending bills in history, it was passed without the vote of a single Republican.
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, Reversing "Liquidity Tsunami"
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Dem Senator Delivers KO Punch to her Own Party's Outrageous Budget Proposal
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For the last two years, the federal government has been legally at liberty to borrow any amount of money necessary to cover its deficit spending under the Bipartisan Budget Act of August 2019.
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- US Saw Record Drop In Poverty Last Year As 7 Million Jobs Disappeared
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The Biden administration on Monday released new guidance on how to support those experiencing long-term symptoms of COVID-19 as part of a broader effort to recognize the 31st anniversary of the Americans with Disabilities Act.
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Here we go again. The clock is ticking down to another US debt ceiling battle.
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Senate Majority Leader Chuck Schumer (D-NY) will release a report Wednesday that argues spending trillions will "ease inflation pressures."
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Don't lie to us Joe, tell the truth!
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--with no strings attached, 1st such state-funded plan in US
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--with no strings attached, 1st such state-funded plan in US
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Update (1140ET): Following comments from a team of Goldman analysts who warned in a note to clients published this morning that the Democrats' new spending plan (and the tax hikes they say will accompany it) is a "downside risk to our fiscal assumpti
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The total U.S. national debt reached an all-time high of $28 trillion* in March 2021, the largest amount ever recorded.
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Here we go again! Talk of the so-called "debt ceiling" is back.
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How can a government, that's $28 trillion in debt, spend trillions of dollars that it does not have?
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Chicago's speed cameras churned out hundreds of thousands of violations in the month after the city dropped the threshold for automated ticketing from 10 miles per hour over the speed limit to just six, data show.
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The pace at which conditions are changing is catching a lot of people off guard. Here in the United States, we have been in a low inflation environment for most of the past four decades, and so many Americans don't even have a frame of reference f
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The US passed the U.S. Innovation and Competition Act, a $250 billion bill promoting US semiconductors, AI, robotics and technology.
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Tim, Ian, and Lydia join artists George Alexopoulos and Seamus Coughlin of FreedomToons to examine the latest, worrying numbers on the US debt clock page.
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The number of Americans filing for first time jobless benefits fell to 385k last week - the lowest since the start of the government-policy-driven lockdowns last year (below 400k for the first time since March 2020)...
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As we approach the second half of 2021, many countries around the world are beginning to relax their COVID-19 restrictions.
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There ought to be a law that the United States send to every citizen a copy of the US budget and actual spending by the Federal Government.
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Last week after my little 'incident' when I was almost mugged in downtown Las Vegas, I felt the need to unwind and have a drink.
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After yesterday's blockbuster 2Y auction which pushed bond yields sharply lower and which we said was an indication that the inflationary storm has passed with bond traders no longer expecting any rate hikes for the foreseeable future, moments ago th
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The Fed, politicians and their crony corporate friends persistently manipulate the dollar and U.S. economy to their advantage, at the expense of everyone else.
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"There is [going to be] a time in which people wake up and say 'the emperor has no clothes."
