It will be the latest sobering economic milestone that few were hoping to see: The U.S. national debt – any day now – will soar above the $15 trillion mark. As of this writing, the total debt is $14.97 trillion, so moving beyond the symbolic $15 t
Civilian unemployment has mushroomed, sticking above 9 percent for months, although many experts put the real figure in the 18-20 percent range. Meanwhile, the number of federal employees has grown 12 percent since the official start of the recession
The county can't cough up the $660 to rehire their longtime Santa.
It wasn't always this way. But when the debt-ridden community could no longer afford its monthly electric bill, elected officials not only turned off 1,000 streetlights. They had them ripped out -- bulbs, poles and all
The company, based in Tokyo, said Nov. 2 it will lose 90 billion yen ($1.2 billion) in the year ending March, compared with a previous projection for a 60 billion yen profit, as it contends with competition from Apple Inc. and Samsung Electronics Co.
Money from Sprint would allow Kirkland, Washington-based Clearwire to fund its operations and help pay for a planned network upgrade. Clearwire said this week that it has capital for 12 months and that its future may depend on Sprint
Greg Lippmann, the former Deutsche Bank AG (DB) trader who gained fame for his bets against subprime mortgages before the housing market collapsed, is calling for debt forgiveness for U.S. homeowners
Stocks, the euro and Italian bonds fell as a disagreement on boosting the International Monetary Fund’s resources to fight Europe’s debt crisis overshadowed a drop in the U.S. jobless rate. Treasuries fluctuated.
The latest rumor in Congress is that the massive $1.2 trillion in automatic cuts – designed to take effect if the deficit super committee fails to come up with its own plan – might never happen.
Detroit is in "extremely serious financial condition," as it is projected to run out of cash next year and must take action to avoid a state takeover, Mayor Dave Bing said on Thursday. Michigan's largest city is facing a projected cash shortage of
Ron Paul Interview On Kudlow Talking The Federal Reserve 11/02/2011
Bank of America's decision to rescind its new $5 per month charge for debit cards reflects the growing power of consumers empowered by social media.
Do you want to feel optimistic about the U.S. economy? If so, you might not want to read the rest of this article. In many areas of the United States today, you can almost smell the fear and the anxiety in the air.
Charles Goyette, former Antiwar Radio host and author of the upcoming new book Red and Blue and Broke All Over: Restoring America’s Free Economy, discusses why America’s economic and political problems can’t be solved until...
When someone is famous "overnight" and when the controlled mainstream media pays a lot of attention to him or her, the fix is apt to be in.
For the Federal Reserve, policymaking these days is about deciding which of two imposing evils to take on — a decidedly moribund economy or the increasing threat that inflation poses to battered consumers.
NEW YORK—U.S. financial stocks slid in a broad global stock-market slide, as Greece's plans for a referendum fueled worries that the euro-zone bailout plan might fall apart.
The New York Federal Reserve said that it suspended new business with the futures trading company until it establishes that it is "fully capable" of performing its duties as a primary broker. It is one of 22 primary brokers at the New York Fed.
Stocks finished a historic month of gains on a sour note, as concerns about the plan to stave off Europe's debt woes drove a selloff.
MF Global, the brokerage run by former Goldman Sachs chief Jon Corzine, today filed for bankruptcy protection, becoming one of the highest-profile U.S. victims of bad bets on European government debt.
MF Global.... Watup?
At Lafayette Federal Credit Union in Kensington, officials wasted no time in taking aim at Bank of America’s decision to levy fees on debit cards.
When the Federal Reserve’s policymaking committee meets on Tuesday and Wednesday, five of the 10 voting members will arrive in open disagreement with the chairman, Ben S. Bernanke, about the direction of monetary policy. Three conservative members sa
Many of the world's financial experts have reached a consensus concerning the fate of the global economy and what they see in their economic crystal balls is enough to give even Nostradamus a case of the jitters.
They see an uncontrolled financia
A deal doomed to fail
The American phoenix is slowly rising again. Within five years or so, the US will be well on its way to self-sufficiency in fuel and energy. Manufacturing will have closed the labour gap with China in a clutch of key industries. The current account m
...TO PROMOTE SMARTER AND SUSTAINABLE PLANNING FOR JOBS AND ECONOMIC GROWTH
The world's biggest traders and investors thus have the certainty that market itself is backed by unlimited funding. Between artificial market supports and endless fiat-money availability it is a wonder American stock markets especially have not blas
Though fears of a financial armageddon have come and gone, the municipal bond market still faces dangers due to the continued global debt crisis and tougher conditions closer to home.