Soaring debt and deficits causing worry about threats to the economy and markets
By Jeff Cox Government debt that has swelled nearly 50% since the early days of the Covid pandemic is generating elevated levels of worry both on Wall Street and in…
Economy
Executive Overreach
Federal Reserve
Financials
Gov. Spending
Government
Inflation
National Debt
Treasury
Your Money
This $6 trillion problem threatens to push inflation even higher
Opinion by E.J. Antoni Following the 2008 global financial crisis, the Federal Reserve created trillions of dollars to ease financial conditions and keep banks afloat. Many economists predicted record inflation…
Democrats
Economy
Federal Overreach
Financials
Gov. Spending
Inflation
Policies
Political
Treasury
White House
Woke Companies
Your Money
Joe Biden Might Have Just Destroyed America’s Banks
Story by Brandon Weichert President Joe Biden has done something that most statists in America have only fantasized about doing. The forty-sixth president has effectively nationalized the U.S. banking system.…
US Reaches Debt Ceiling, Forcing Treasury Into ‘Extraordinary Measures’
By Ingólfur Stefánsson The United States has officially reached its statutory debt limit (pdf) of $31.381 trillion on Jan. 19 as was predicted by Treasury Secretary Janet Yellen in a…
No One’s Buying What Yellen Just Told CBS About IRS Proposal
By Leah Barkoukis Treasury Secretary Janet Yellen defended the Biden administration’s plan to have banks report accounts to the IRS with $600 or more, claiming it’s meant to target the…
House approves temporary debt limit increase, sends bill to Biden’s desk
By Colton Salaz The House of Representatives approved legislation that will allow a short-term increase in the nation’s debt limit, averting a default into December. According to the New York…
Food Prices Hit Highest Level in a Decade
By Tom Ozimek Food prices across the world have risen to their highest levels in a decade on the back of tightening supply conditions robust demand, according to the Food…
Democrats
Economy
Government
Inflation
Republicans
Treasury
US Congress
White House
Your Money
Your Vote
McConnell is not bluffing on debt ceiling — neither are rank-and-file Republicans
by David M. Drucker, Senior Political Correspondent Senate Minority Leader Mitch McConnell shows no signs of cracking as President Joe Biden and congressional Democrats squeeze Republicans to support raising the…
FY 2020 Federal Budget Compared to Actual Spending
BY KIMBERLY AMADEO REVIEWED BY MICHAEL J BOYLE on April 29, 2021 Here’s how the actual FY 2020 budget compared to Trump’s budget The fiscal year (FY) 2020 federal budget…
The Biden administration could sidestep McConnell’s refusal to pay America’s bills by minting a $1 trillion platinum coin
By Andy Kiersz,Joseph Zeballos-Roig Senate Minority Leader Mitch McConnell has firmly dug in on refusing GOP help to renew the US’s ability to pay off its bills, known as the…