The U.S. Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year
Bring Our Gold Home from the NY Fed!... to Germany / Get Ready - Pat Buchanan on the coming hard times / The Lull Before the Civil Unrest / Government Is Worse Than Sandy - Ron Paul on real disaster / We Don't Need Jobs
Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.
Jim Pitts has an invention he wants to share - Charles Goyette on current market conditions - wrap up of the elections...
Hurricane Sandy was one of the worst natural disasters the East Coast has ever seen. Cleanup and recovery will take months, if not years and estimates run in the tens of billions of dollars.
On a per person basis, US debt is $53,400 for every man, woman, and child, compared to $39,400 for every man, woman, and child in Greece. The disparity between per capita debt in the US and Greece has grown 40% (roughly $8,400) since 2011.
If Americans under the age of 18 were required as a group to pay off the entirety of the federal government’s debt in equal shares, each would now need to pay about $218,676.
“The United States will carefully calibrate the pace of fiscal tightening to ensure that public finances are placed on a sustainable long-run path, while avoiding a sharp fiscal contraction in 2013,” the G-20 said in a statement.
Who's better for stocks: Romney or Obama?
FEMA and the National Flood Insurance Program are expected to pick up the tab for much of the flood damage caused by the hurricane. Of course this will mean more federal debt and inflation for the rest of us, since the program only has about
Libertarian Candidate for U.S. Senate in Arizona, Victor explains the vast difference between true liberty-lovers and his mainstream counterparts, saying: “I’m going to be talking about freedom, and I’m in this to win hearts and min
It’s difficult to build a pre-election protest with so many labor and community groups busy campaigning for Democrats.
One of the last U.S. apparel manufacturers of its kind is losing its shirt. FesslerUSA had survived war and depression, free trade and foreign imports, producing millions of knitted garments from its base in eastern Pennsylvania.
Those job numbers are good for Obama, but don't say whether the economy is truly getting healthier.
Many business owners—mostly founders who could gain a lot from a sale—are looking to close deals before next year, when the maximum tax on investment income is scheduled to rise from 15% currently to at least 23.8% on most capital gains,
Ron Paul on Preparing for the Economic Collapse
New York state on Wednesday asked the U.S. federal government to pay all the costs of cleaning up and repairing damage from massive storm Sandy that tore through the Northeast this week and crippled New York City.
ADP's new calculations put the monthly job creation at just 88,200, down from the 162,000 the firm originally reported earlier this month.
Since mid-2009 the US has been enjoying a virtual recovery courtesy of a rigged inflation measure that understates inflation.
French businessman and economist Jean-Baptiste Say is credited with identifying the fundamental economic principle that aggregate demand for goods in an economy will equal the aggregate supply of goods when markets are permitted to operate.
The Fix the Debt coalition is using the so-called "fiscal cliff" to push the same old corporate agenda of more tax breaks while shifting the burden on to the rest of us.
More than three years after the recovery began — in name, at least — the economy is still in a giant hole. But what, precisely, is still dragging it down? What sectors are the culprits? A simple model delivers some answers.
In an interview with The Globe and Mail, Christine Lagarde said that a failure by the leaders of the world’s largest economy to come up with a fiscal plan would have “dire economic consequences” – and is a major risk to a Canadian economy that has ou
French businessman and economist Jean-Baptiste Say identified the fundamental economic principle that aggregate demand for goods in an economy will equal the aggregate supply of goods when markets are permitted to operate.
The following boggled my pea brain. It seems that every day--no, every hour--there is something mind-boggling in the news about the demise of thinking and common sense in the USA.
All U.S. stock and option trading will be closed on Monday because of Hurricane Sandy, with the move adding to earlier plans to close floor trading only.
Companies with junk credit ratings have been increasingly issuing bonds for riskier purposes that could hinder their ability to pay back bondholders. Demand for junk bonds has touched record levels this year as investors reach for their rich yields,
Over the past several months we have been discussing that this is no longer your "father's economy."
Oil major Royal Dutch/Shell is seeking to work around international sanctions by repaying a $1.4 billion oil debt to Iran with a grain barter deal via U.S. agribusiness giant Cargill, industry sources said.