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Through the second half of 2011 there were persistent signs of financial stress in many banks right across Europe – not only in Greece, Ireland, Portugal, Spain and Italy, but in France and even Germany too.
Faced with empty coffers, desperate governors and state lawmakers will try just about anything to improve their cash flow.
On Tuesday, House Republicans rolled out their budget plan in the Washington version of a Hollywood movie opening.
The Congressional Budget Office said Friday that President Barack Obama’s tax and spending policies will yield $6.4 trillion in deficits over the next decade, more than double the shortfall in CBO’s own fiscal baseline — even after taking credit for
Pennsylvania's distressed capital city, Harrisburg, will skip $5.3 million of debt payments due next week, the first time the city has defaulted on its general obligation bonds, to ensure there is enough cash to fund vital services.
Within three months, the Central Valley city of 300,000 could become the nation's largest municipality to file for bankruptcy. The City Council is trying to slow or stop the bust by entering mediation.
Hundreds of thousands of Spaniards have taken to the streets to protest a labor law reform. The demonstrations organized by labor unions are paving the wave for a nation-wide strike planned for March 29.
The city of Stockton, Calif., about 90 minutes east of San Francisco, is broke and on the brink of bankruptcy.
Pity the poor bondholder who faces the wrath of government! Senior debt, bond indentures and full faith and credit are investing terms that don't seem to mean what they used to mean! For those bond buyers who may choose to go for the added sec
It can't happen here? That's what Suffolk County, New York used to think! Wealthy enclaves and some of the greatest beaches in the world are just not enough!! The sad fact is that the $500 million budget deficit hitting this county can happen
Seeking applause from a right-wing audience in Michigan, Mitt Romney vowed on Saturday: “I will cut spending
Greece sovereign debt, a "credit event", CDS and the ISDA! On Thursday the International Swaps and Derivatives Association, or ISDA, is reportedly going to begin work on its decision for what the Greek sovereign debt "credit event" will ultima
Ron Paul is the only candidate serious about reducing the deficit and the national debt.
The office of Senator Jeff Sessions, ranking member on the Senate Budget Committee, sends along this chart, showing that 'America’s Per Capita Government Debt Worse Than Greece,' as well as Ireland, Italy, France, Portugal, and Spain:
Here in Argentina, when we watch the terrible things that are happening today in Greece, we can only exclaim, “Hey!! That’s exactly what happened in Argentina in 2001 and 2002…!”
"There is a tsunami coming to the United States," says Rep. Walter Jones, R, consisting of the trillions of dollars of debt and veterans' health care obligations for wars we cannot win and a military machine we cannot afford. "Where is the outrage?"
The national debt is likely to balloon under tax policies championed by three of the four major Republican candidates for president, according to an independent analysis of tax and spending proposals so far offered by the candidates.
Who the eff do these guys think they are... Only the federal reserve is allowed to print fake Bonds with no value.
Most Pentagon watchers are saying the cuts are mild. The proof? Not even military personnel and defense contractors are crying foul. The mood struck this week by Obama’s defense budget stands in sharp contrast to what was expected just a few weeks ag
Some fresh budget/interest rate data has been posted, so we're playing around with it.
President Barack Obama called on Monday for aggressive spending to boost growth and for higher taxes on the rich, laying out an election-year vision for America in a budget that was criticized sharply by Republicans for failing to curb the deficit.
The government's fiscal year runs Oct. 1 through Sept. 30.
California has a huge state debt and Washington has a huge national debt. But that does not discourage either Governor Jerry Brown or President Barack Obama from wanting to launch a very costly high-speed rail system.
In the not so distant future there will be a resolution of some kind in the Greece government debt crisis! As the EU leaders meet in Brussels for the first summit of 2012, the Greece debt restructuring is apparently reaching an endgame as privat
If we're talking about 6.65% of the body weight gained by a supermodel during pregnancy then that's a good thing (and a good start)! But if it's a pension fund missing its return assumptions by 6.65%, then that's not so good! This is a follow-
The growing crisis of public pension fund liabilities! Pension fund liabilities for states and municipalities is an extremely apropos topic on the day of the State of the Union Address (#SOTU) when President Obama will be doing one of the things h
Congressman Paul spent his one day away from the campaign trail with great purpose.
Supports H.J. Res. 77 to express disapproval of Obama’s request to increase debt ceiling in accordance with BCA of 2011
President Obama formally notified Congress on Thursday of his intent to raise the nation’s debt ceiling by $1.2 trillion, two weeks after he had postponed the request to give lawmakers more time to consider the action.
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TAKE a minute to study the visualization of the U.S. Debt. Scroll to the end because the point is quite clear.
