Even as the state Treasury prepares to begin another financial review of Detroit's books, a plan is being solidified in the governor's office that would guide Michigan's largest city through what is being called a managed bankruptcy.
There's probably no group of companies more alarmed about going over the "fiscal cliff" of tax increases and spending cuts due to take effect next month than defense contractors.
Where free competition is absent or certain firms are subsidized by the public purse, the market ceases to function.
Let’s get one thing straight: America is not facing a fiscal crisis. It is, however, still very much experiencing a job crisis.
About 200 districts have borrowed Billions of dollars using so-called capital appreciation bonds. Districts may have to pay 10 to 20 times the amount borrowed saddled them with staggering debt.
Under current law, the Treasury is technically allowed to mint as many coins made of platinum as it wants and can assign them whatever value it pleases. Under this scenario, the U.S. Mint would make a pair of trillion-dollar platinum coins.
Hint: the taxpayers. Deadspin breaks down how much the public is paying for sports.
Don’t think you’ll ever get old? Keith Richards probably didn’t either. But at least he had a retirement plan.
San Bernardino City Attorney James Penman had to clarify comments he made about firearms and self-defense to members of the city council who found his remarks “inappropriate,” according to the Huffington Post.
Can you feeeel it?
The Republican Party has a message for the American people: Meet the new deal, same as the old deal.
When financial markets in the United States crash, so does the U.S. economy.
Ben Swann on The Jerry Doyle Show today talking about Boehner's latest power grab....
We recently told you how people now think America could become the next Saudi Arabia of oil production.
With less than 30 days to go until the deadline to reach a deal on the fiscal cliff...
Andrew Kaczynski points us to this new Simpsons clip of Springfield billionaire C. Montgomery Burns explaining the fiscal cliff.
As the year draws to an end, America faces yet another Congressionally-manufactured crisis which will likely end in yet another 11th hour compromise, resulting in more government growth touted as “saving” the economy.
Do you think that is an alarmist headline? Well, I am not the one saying this.
Step 1: 'Bank Loan'; Step 2: 'Borrower Defaults on Bank Loan'; Step 3: Repeat Steps 1 & 2 until: either the economy is fixed, or Banks default which ever comes first. [Run Simulation]
This rhetoric is based on the belief that government spending sustains the economy, when in fact the opposite is true. Every dollar the government spends is a dollar taken from consumers, businessmen, or investors.
For many Russian conservatives who still mourn the collapse of the Soviet Union, the "secession" movement in the U.S. has offered some misguided comfort, if not schadenfreude.
Ron Paul's Texas Straight Talk 12-3-12: Government Spending Will Send Us Over The Fiscal Cliff
What changed in the last 30 days?
If the Debt Limit Is Abolished - What's a Real Libertarian? - The US as a Failed State, Pat Buchanan's Republican analysis - The CIA's Banker -
Steadily – and stealthily – Goldman Sachs is carrying out a global coup d’etat.
We said earlier this month that the #1 thing that lawmakers could do to improve US fiscal prospects is eliminate the debt ceiling.
When President Obama needed a business executive to come to his campaign defense, Jim Sinegal was there. The Costco co-founder, director and former CEO even made a prime-time speech at the Democratic Party convention in Charlotte
American consumers have shown about as much appetite for the $1 coin as kids do their spinach. They may not know what's best for them, either. Congressional auditors say doing away with dollar bills entirely and replacing them with
You can expect a concerted effort from the usual suspects to win over the media and masses with relentless brainwashing, conditioning, and agitating. And you can expect Republicans to stay in their default position of defense instead of going on off
U.S. stock futures are pointing to a slightly higher open as the President and Congressional Republicans tackle the fiscal cliff.