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President Donald Trump is well on his way to draining the swamp, and that means budget cuts. Congress is dragging their feet, but Trump is continuing to put pressure on them on behalf of the American people to make cuts that will put the US back on t
In an era of runaway gov't spending, failed Keynesianism, and absurdities like MMT, balanced budgets are deemed insane.
There is no way that America can repay its debts.
State Dept says funding is 'under review'
Reality Check: Who's Funding the White Helmets?
Russia expects continued cuts in coming years
What would happen in the world and in United States if USA defaulted on it's debt?
China has a relatively profitable foreign policy by only investing in reconstruction, trade deals with dictators and not committing troops to alter other countries.
There is plenty of blame to go around, but boomers are in charge of Congress, the Fed etc, and have been for years.
The Congressional Budget Office released its latest projections for the budget and the economy for the next 10 years. This is non-partisan analysis which is why it has a lot of credibility; politicians love to cite it if the CBO's analysis on their
I am admittedly a budget hawk when it comes to our burgeoning debt and runaway spending. However, I remain astonished that there was not more of an uproar over the massive budget just passed after lifting debt ceilings by both parties.
Treasury yields are spiking notably today with 30Y back above 3.00% and 10Y yields at 2.83% are near 3-week highs and along with the dismal indirect bids in the latest 3Y and 10Y auctions (i.e. foreigners not buying), some are suggesting today's move
Yesterday the US government's own Congressional Budget Office (CBO) published a pretty sobering report about the state of Uncle Sam's finances– and what the future holds.
While unlike a month ago, when the US Treasury had a record amount of Bills, Notes and Bonds for sale, the selling calendar is not quite as busy, there is still a deluge of paper for sale over the next few days, and ....
There is a £1 trillion debt time bomb hanging over the United Kingdom. We are nearing the end of the timebomb's long fuse and it looks set to explode in the coming months.
Tax-motivated migration may put fiscally irresponsible states at risk of financial collapse. Which will be first?
The most powerful banker in the world, JPMorgan Chase CEO Jamie Dimon, just released his annual letter to shareholders.
No matter how you slice it, the program is going to fail.
The ongoing fiasco with the hugely cost over-run and under-performing F-35 demonstrates precisely why President Trump's massive increase in military spending will not bring more security to the US. It is a "get rich" program for the political elites
Uncle Sam needs to borrow a ton of money this week -- in the middle of a fight with its biggest creditor.
Israel will receive a record $705 million from the United States in 2018 to finance its missile defense programs, Israeli Defense Minister Avigdor Lieberman said.
What a topsy-turvy world we live in thanks to Fed nonsense. Consider the outgoing NY Fed president's latest brainchild.
On Friday, President Trump signed the omnibus spending bill for 2018. The $1.3 trillion bill was so monstrous that it would have made the biggest spender in the Obama Administration blush. The image of leading Congressional Democrats Pelosi and Schum
Trump just lost a huge chunk of his base by signing this budget busting, Democrat loving, abortion of a spending bill. Kiss the mid-terms goodbye.
- China Signals It Could Slash Treasury Buys
The spending bill paves way for the Catch and Release program to not only continue, but increase in its use
An "unhappy" President Donald Trump signed the $1.3 trillion spending bill into law Friday, his second about-face in 24 hours on the measure to keep the government open.
As a third government shutdown nears, all eyes turn to Senator Rand Paul who has publicly spoken out against the new spending bill.
In 2011, Jim Grant chastised the Fed about replacing the Gold Standard with the PhD Standard. Our "reward" is coming up.
Update III: Speaker Paul Ryan and the White House have confirmed that, after an afternoon meeting with Ryan, Trump now supporters the $1.3 trillion omnibus package.
