If the Fed stops QE, confidence in the US dollar would rise. Money would flow into US investments, both supporting the US stock market and helping to finance the large US budget deficit.
As the economy continues in its downward spiral and talks in Congress about reducing spending have only amounted to political theater, the subject of how the tax code treats energy has become a topic of controversy.
The $150 million proposed cut — more than five percent of Darpa’s $2.98 billion budget — not only pits a powerful Congressional panel against a White House which has made science and technology a priority.
The United States spends $20.2 billion annually on air conditioning for troops stationed in Iraq and Afghanistan — more than NASA's entire budget, NPR reported.
The Treasury will not only have to issue as much debt as before, but it will have to issue massively more in the short term to catch up to the ongoing run rate, and also in order to prefund the same retirement accounts it has been plundering...
Don't get the idea that the USA can just occupy a grandstand seat and stuff its fat face with Cheez Doodles while the current act plays out in the center ring of the world financial circus. Plenty of intermingled American interests depend on how...
A resolution that bars most funding for the U.S. military mission in Libya failed in the U.S. House of Representatives on Friday, shortly after another measure authorizing the Libya mission suffered the same fate.
In other words, by the time this mess blows up, we’ll be out of the picture, and therefore scot-free.
The drive for a major deficit-reduction deal entered a new phase Thursday when Republican negotiators pulled out of bipartisan talks, leaving it to President Barack Obama and House Speaker John Boehner to resolve the toughest issues.
Newport Beach-based asset manager, Robert Arnott, tells Marketwatch that he sees a a “3-D Hurricane” — a perfect storm of deficits, debt and demographics...
But behind the scenes, Republican leaders are frightened they won't votes to pass any deal to avoid default.
I stand here as a woman, hoping to add to the diversity and balance of this institution." etc. Translation: no need to worry I will (allegedly) rape maids, so pick me.
5 weeks ahead of the day when the debt ceiling "extend and pretend" plan ends, talks have broken down, and in order to hike Congressional Nielsen ratings, this time seemingly terminally.
A funny little feature of interest is that when people see you're at risk of default, they start charging you more to borrow their money. And it isn't a tiny bit more interest, it's a lot. Think subprime teaser loan at 3% shooting to 8%, or 28% if...
David Stockman, former Budget Director under Ronald Reagan, told CNBC's Nicole Lapin that the first default by the United States government could be a payment to the International Monetary Fund.
The truth is the U.S. has long been a post-consumer economy. Everybody already had a TV, phone, car, etc. 40 years ago, which is coincidentally when wages began their 40-year stagnation and the nation's public and private debts began...
We wanted to present a curious chart which looks at the correlation between US social demographics (in this case, the ratio of retirees to savers) and the 10 year yield.
Judge agrees on multi-billion dollar settlement as reparations for stolen resources from Indian tribes.
Ron Paul wants to audit the Federal Reserve, and then to end it. His book End the Fed explains why. Many readers of Freedoms Phoenix are familiar with Dr. Paul's and Dr. Murray Rothbard's works on monetary policy...
You'd think that after more than fifty years people would wake the hell up and smell the coffee.
The Greece debt crisis and the U.S. economy! Are we out of the woods on both? The stock market broke its losing streak this week, but does that mean the U.S. economy is out of the woods? Is the Greece debt crisis still an issue or has the most re
Whenever the public feels no pain, the public does not care what the government does. The public is oblivious.
According to Messrs. Immelt and Chenault, the President's Council analyzed actions that "are critical to accelerating job growth in high-potential sectors."
Pandora shares make spectacular plunge below IPO ... It didn't take long before Pandora went from music to investors' ears to the stock market's version of fingernails on a blackboard.
This visualization of the U.S. deficit to GDP (or GNP) ratio shows how, historically, we're very close to Civil War levels, in terms of our deficit as a percent of GDP.
America celebrates Independence Day with many flags and no reflection. We refer to the day as July 4th rather than Independence Day, and rightfully so.
Papandreou pushes for unity government as protesters clash with police in capital Athens over austerity measures.
The Day of Reckoning for the West - When TBTF meets TBTK, says Gary North. Don't get caught between them. / Bank Runs, Price and Wage Controls, Social Unrest, Attacks on Business - Joe Salerno talks to Lew Rockwell about the monetary future.
As a postscript to the story, CNBC asked for a tour of Fort Knox to film the gold... An official at the Mint told us that not he was not aware that any member of Congress had toured the facility since ....Fort Knox is "a closed facility,"
Due to the message it is delivering, most US economists employed in financial institutions, governments and private industry, as well as financiers and politicians, want to ignore it.