The Senate approved a last-minute request by Sen. Luther Strange (R-AL) on Tuesday to spend $600 million to build a new U.S. Navy ship in Mobile, Alabama, hoping to help the embattled incumbent in the runoff Sep. 26.
President Donald Trump celebrated a deal with Democratic congressional leaders to punt the debt ceiling and government funding to December in an effort to speed up tax reform.
Treasury Secretary Steven Mnuchin argued on Fox News Sunday for a “clean” hike in the debt limit. Mnuchin also pushed a strategy of attaching the debt limit as an amendment to a bill to provide $7.9 billion in temporary relief to victims of Hurricane Harvey.
Puerto Rico is set to file the largest public sector bankruptcy in history after vulture capitalist hedge funds that bought big pieces of the island’s $73 billion in defaulted debt for pennies-on the-dollar refused to take $24 billion haircut.
When I originally conceived the idea for “How Trump Won,” I prepared a conclusion in the event he lost. The following is an excerpt of that original conclusion — a view of a fate narrowly avoided.
The debt at the end of 2016 was $19,976,826,951,047.80, a one-year increase of $1,054,647,941,626.91.
As the #CalExit movement continues to draw favorable press — mostly in liberal publications bitter over Trump’s victory — its downfall just might be found in the fiscal realities facing CalPERS, the agency responsible for managing pensions and benefits for over 2 million California state employees.
From October 20 to November 28 the RNC raised $36.6 million, $6 million more than the same period in 2012 when Mitt Romney was the Republican presidential nominee.
Speaker of the House Paul Ryan has promised conservatives for years that he would be able to deliver on his promises to fix the entitlement system, reform the tax code, pay off the national debt and repeal Obamacare once a Republican was president.
Los Angeles Mayor Eric Garcetti is defending Los Angeles International Airport, or LAX, from criticisms by Republican presidential nominee Donald Trump during Monday night’s first presidential debate.
Glenn Beck filed a lawsuit in a Texas court against former TheBlaze CEO and Mercury Radio Arts COO Christopher Balfe over allegations of contract breach, fraud, unjust enrichment and other matters Monday.
The Freedom Partners Institute, a right-leaning nonprofit organization, argues the CBO’s projections “fail to take the complete economic forecast into account” by not including intra-governmental debt, that is, money owed to trust funds like Social Security and Medicare.
Voters in California will face a tidal wave of ballot measures in the November general election, on issues from the death penalty and condoms to marijuana and plastic bags.
The latest report from the Stanford Institute for Economic Policy Research has revealed that the public pension debt for the 50 states and the District of Columbia jumped 84 percent in recent years, from $2.625 trillion in 2008 to $4.833 trillion in 2014.
A new report on the state of the public school systems in Obama’s home state of Illinois finds they are $20 billion in debt with no end in sight to the growing budget failure. According to a new review by
The Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) is a bill in the U.S. House of Representatives that would, very broadly speaking, allow Puerto Rico to cancel nearly half of its $72 billion debt, in exchange for surrendering much control over its fiscal affairs to an independent financial control board.
Large denomination physical cash is going to be outlawed if central bankers have their way.
The financial situation in Puerto Rico is at the crisis point, leading to proposals for a massive bailout that would ostensibly stabilize the island’s economy and protect small investors… but would, in fact, be a tremendous giveaway to Wall Street interests.
“It will be very difficult for me to vote for any funding bill that risks American lives by improving the chances of successful terrorist attacks on American cities,” Mo Brooks said in an interview with Breitbart News Tuesday. “And so if that’s the funding bill Barack Obama and the House and Senate leadership want me to support they’re going to need to look elsewhere for votes.”
Senator Rand Paul (R-KY) argued that “Congress has become a shell of itself” and gets along too much, in addition to wondering whether debt is more disruptive than uncertainty over the debt ceiling in a speech on the Senate floor
GOP presidential candidate Dr. Ben Carson vows he won’t raise the debt ceiling if elected President of the United States, and says he’ll address the budget “immediately.”
Lamar Odom may not have settled all of his outstanding debt to the brothel where he was found unconscious earlier this month — and if he does not pay, the owner has pledged to go after his wife, Khloe Kardashian.
On Wednesday afternoon, 2016 Presidential candidate and pediatric surgeon Dr. Ben Carson addressed thousands of people at a rally in Anaheim, California. Much of Carson’s question and answer session touched significantly on his medical experience. His speech centered around his
South Carolina Senator and Republican presidential candidate Lindsey Graham said, “if you’re looking for a Republican, Joe, to do revenue, count me in” in a discussion of his tax policy, elaborating that he would “close many tax loopholes” and “increase
“All great change in America begins at the dinner table,” Mark Levin quotes President Reagan’s Farewell Speech in the final chapter of Plunder and Deceit.
New Jersey Governor Chris Christie reacted to the news of the stock market crash on Wall Street earlier today on Fox News, blaming President Obama for racking up too much national debt. “What’s happened is, because this president has run up more debt than any president in American history, that debt has been given to us in large measure by the Chinese,” he said.
In a very long piece on former Greek finance minister Yanis Varoufakis in the New Yorker, the former head of the nation’s economy admits to being surprised both by the Greek people’s rejection of an austerity deal and the Prime Minister’s acceptance of one.
Puerto Rico officially defaulted on part of its $73 billion in debt on Monday afternoon, when the U.S. territory only paid $628,000 toward a $58 million debt due by 5 p.m.
SAN JUAN, Puerto Rico, Aug. 3 (UPI) — Puerto Rico paid only $628,000 on a $58 million debt bill due Monday, putting the country into default for the first time.
in his elegant and moving new book, Plunder and Deceit, Mark Levin takes his message to the next generation.
China’s stock market suffered an 8.48% crash on Monday that humiliated the country’s leadership and will almost certainly cause a major Communist Party crisis.
If there’s an 18-year-old in your life — or if you’ve been 18 yourself, in the not-too distant past — you know that credit card invitations start clogging the mailbox right around that magic birthday. And whether you’re a “financial education” specialist or just your average parent, you know one of the first lessons an 18-year-old needs to learn is not to borrow when you don’t have to.
All sorts of deadlines have come and gone during the Greek debt crisis—as the basket-case nation’s European creditors repeatedly blinked and decided to grant one extension after another—unwilling to precipitate the pan-European (and possibly global) financial earthquake of a “Grexit” from the Euro.
The poll found that UK, France, Germany and the Netherlands appear to view the perception of Greece more negatively due to the current situation. However, the study showed countries that were more impacted by the economic crisis across Europe had a less negative opinion of Greece as a tourist destination.
In her first interview since her husband, Dr. Ben Carson, announced he is running for president, Candy Carson talked to Breitbart News exclusively about their wedding anniversary, family, and faith, but she also stressed how critical it is for Americans to get out there and vote as well as educate themselves on the issues to hold their Congressmen accountable.
As Greece breaks apart on the rocky shores of the European Union, the man who did so much to run his nation’s finances aground has decided to call it quits. The New York Times sees the sudden resignation of “combative” Finance Minister Yanis Varoufakis as a gesture of “conciliation” between the socialist Syriza government and a thoroughly fed-up European Union, but it might be premature to talk about Greece making peace with its creditors.
Puerto Rico’s governor said that the U.S. territory was in a “death spiral” and may default on the $72 billion debt it has accrued. “Even if we raise revenues and cut costs, the magnitude of the problem is such that we would not resolve anything given the weight of the debt we’re dragging,” the Democratic governor, Garcia Padilla, said in a public address.
SAN JUAN, Puerto Rico (AP) — The governor warned that Puerto Rico can’t pay its $72 billion public debt as international economists released a critical report Monday on the island’s economy.
Former Texas Governor and Republican presidential candidate Rick Perry dubbed the US debt “immoral” in an interview with Fox News Channel host Greta Van Susteren released on Monday. Perry began by touting his economic record as Governor of Texas and
The long standoff between intransigent Greek socialists and their increasingly exasperated creditors appears to be reaching an end, judging by the commentary after an International Monetary Fund meeting this week. It sounds as if the Greeks are running out of cards to play.
