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The 2002 military authorization -- up for a vote today -- is largely symbolic. The 2001 AUMF is what's being used to justify all post-9/11 interventions.
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The US Federal Reserve has increased its balance sheet by about $300 billion in the last week during the banking crisis.
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In the past week, DoubleLine CEO and founder Jeffrey Gundlach has had a lot to say as the US banking system collapse and bailout enjoins Europe's banking crisis leaving central banks' inflation-fighting plans in question.
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Appearing before the Senate Finance Committee Thursday, Treasury Secretary Janet Yellen said in no uncertain terms that she does not think a Republican proposal for the U.S. to prioritize its debt payments in the event of a default is viable.
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Imagine that for the last 100 years, the federal government's policy was to bail out every business that was in danger of going under.
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Politicians say they want to subsidize various industries, but they sabotage themselves by weighing the policies down with rules that have nothing to do with the plans.
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US Rep. Marjorie Taylor Greene (R-GA) announced on Friday that she had introduced a bill on Friday to force an audit of Washington's extensive aid to Ukraine, which has totaled over $100 billion in the year since the conflict began.
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Ukraine receives the most military aid from the United States: Since the beginning of the war and as of Jan. 15, 2023, $46.6 billion in financial aid for military purposes has flowed to the country now at war with Russia.
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Rep. Marjorie Taylor Greene (R-Ga.) is planning to introduce a bill which forces an audit of the tens of billions of dollars in aid the United States has handed over to Ukraine. The announcement came just on the eve of the Ukraine invasion hitting th
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Legendary financial and geopolitical cycle analyst Martin Armstrong said at the end of last year, the U.S. is being set up for a "nightmare fall."
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The way Thomas Jefferson handled the national debt should serve as a blueprint for today.
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The Cost of the Nation's Endless Wars
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The Congressional Budget Office (CBO) has warned that the United States could default on its national debt if Congress and the White House are unable to agree on raising the debt ceiling.
