The fiscal cliff deal approved by Congress will increase deficits over the next decade by close to $4 trillion, according to the Congressional Budget Office. That estimate is relative to a benchmark where all the […]
According to the Congressional Budget Office, the last-minute fiscal cliff deal reached by congressional leaders and President Barack Obama cuts only $15 billion in spending while increasing tax revenues by $620 billion—a 41:1 ratio of […]
(CNSNews.com) – Appearing on NBCs “Meet the Press” on Sunday, President Barack Obama said that he cut spending by more than $1 trillion in 2011. However, the White House Office of Management and Budget says […]
(Financial Times) — The Opec oil cartel, led by Saudi Arabia, will pocket a record of more than US$1tn in net oil revenues in 2012 as the annual average price for Brent, the benchmark, heads […]
(Reuters) – The Federal Reserve, announcing a new round of monetary stimulus, took the unprecedented step on Wednesday of indicating interest rates would remain near zero until unemployment falls to at least 6.5 percent. It […]
(CNSNews.com) – Labor Secretary Hilda Solis on Thursday announced a $2.2 million grant that will be used to strengthen budding labor unions in Haiti and Peru. The taxpayer money will fund projects organized by the […]
(CNSNews.com) – In one of its last actions of the year, the United Nations General Assembly on Christmas Eve agreed to extend for another three years the formula that has U.S. taxpayers contributing more than […]
(CNSNews.com) – The Social Security program ran a $47.8 billion deficit in fiscal 2012 as the program brought in $725.429 billion in cash and paid $773.247 for benefits and overhead expenses, according to official data […]
NEW YORK (CNNMoney) — It’s been about 18 months since the sovereign debt crisis in Europe began attracting attention in global financial circles. In that time, the crisis has grown into the biggest challenge the […]
Ben Bernanke’s decision this month to tell the world US interest rates would remain near zero until unemployment fell below 6.5 per cent is possibly the most pivotal comment for sharemarket investors in four years. […]
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