They’re just not calling it a stimulus. Scherer writes that tax credits and other planned stimulus-type measures, such as more one-time checks for Social Security recipients and extended unemployment benefits, could be worth as much as $100 billion.
Analysts at Keefe, Bruyette & Woods on Monday said the common shares of Fannie Mae and Freddie Mac are likely worthless even if the troubled mortgage-finance giants end up being recapitalized by the banking industry.
Swiss bank UBS AG warned U.S. customers by registered mail their account details may be given to U.S. tax authorities, a method that could itself breach secrecy laws. Could enable the U.S. authorities to trace customers wanted for tax evasion well b
The United States government is forking over $100 million to build new military bases in Bulgaria and Romania.
We use this opportunity to pore through a goldmine of just unsealed documentation to present some rare glimpses into the Federal Reserve's garbage laden balance sheet.
A celebrated Goldman Sachs partner, Gus Levy, coined the maxim that long defined the bank, the savviest and most influential firm on Wall Street: “Greedy, but long-term greedy.”
No one ever went broke underestimating political cynicism, but these days even we can't keep up: On Wednesday, President Obama announced that he wants to send every American senior a $250 check.
About once a month, Rep. Robert Brady gets a special request from a fellow lawmaker.Should he or she personally cover the cost of a missing office item, or should taxpayers? With every such request in the past year, Brady has decided to let taxpa
Even as the economy is sluggish and unemployment approaches 10%, these firms have been boosted by a stronger stock market, thawing credit market, a resurgence in deal making and the continuing effects of various government aid programs.
Do you want your grandchildren to pay for other peoples pets? Or for that matter do you think you should have to?
The pitched drama over bonuses for bailed-out executives will be revived on Capitol Hill Wednesday as a government watchdog explains how some executives nearly brought down the financial system — then pocketed millions.
Now, however, ObamaCare won’t be nearly enough to undo deficit spending, and Aaron and Sawhill pump for a value-added tax (VAT) on top of all the other new and higher taxes Americans will pay:
Molycorp Minerals... why does that sound familiar. Ah, yes, it's the rare-earth mining company partly-owned by Goldman Sachs (GS), which just got a $3 million Congressional earmark, ostensibly because the menace of Chinese hoarding was grave enough t
A reminder: Government has no money of its own. The economic meltdown has put the country on the fast track to socialism, but through a series of tiny steps. One need only to examine the supposed victories in the war on depression to see how this is
Simply stunning, too-insane-to-be-believed, statements from Barney Frank concerning the Government's hopelessly futile attempt to stop the housing market collapse - i.e. override the LAWS of economics
Hidden in the Senate's health-care bill are huge incentives for corporate America to stop covering their workers. If that happens, the deficit could skyrocket.
The average federal worker makes $75,419 a year, while the average in the private sector is $39,751.
Senator Byrd earmarks $5 million in Defense funds for a company that no longer exists
The mine was owned by Chevron until last year when it sold the mine, facilities and name to an investment vehicle called Rare Earth Acquisitions LLC, owned in varying degrees by Goldman Sachs,
Unfortunately, current debates over these hikes obscure a key fact for those uneasy with Obama's plans: the goose the lays the golden eggs will fight back, and though not a betting man, I'd bet on the goose.
You can add House Speaker Nancy Pelosi to the group of Democrats or Obama allies (John Podesta, Paul Volcker, Roget Altman) calling for a value-added tax. (I predicted all of this days ago.) Here is Pelosi (via The Hill):
While policymakers debate a few million dollars for ACORN and a few hundred billion dollars more for health care reform, those committed to one-world government are moving ahead with plans for a global tax that could extract trillions of dollars out
A new value-added tax ) is "on the table" to help the U.S. address its fiscal liabilities, according to House Speaker Nancy Pelosi.
Goldman Sachs stands to receive a payment of $1bn – while US taxpayers would lose $2.3bn – if embattled commercial lender CIT files for Chapter 11 bankruptcy protection, people familiar with the matter said.
Reuters is reporting the U.S. Immigration office is preparing for a huge increaase in their workload.
And that doesn't include the aircraft used to fly the presidential limousines and Secret Service vehicles there as well.
ACORN's attorney warned the group last year that it needed to get its fiscal and managerial houses in order, reports Matthew Vadum at The American Specator Blog. That warning came in the form of a 15-page memo, Vadum reports, that is the "Holy Grail