In data released Thursday afternoon, the Federal Reserve revealed that its holdings of U.S. government debt had increased to an all-time record of $1,696,691,000,000 as of the close of business on Wednesday. The Fed’s holdings […]
We frequently hear the financial press refer to the U.S. dollar as the “world’s reserve currency,” implying that our dollar will always retain its value in an ever shifting world economy. But this is a […]
Federal Reserve Chairman Ben S. Bernanke indicated that the central bank is weighing the potential costs from its $85 billion in monthly purchases of bonds while saying the unorthodox easing bolsters the economy. “So far, […]
“Banking was conceived in antiquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen […]
FORTUNE — You can’t blame middle-income Americans for wondering whether the new “fiscal cliff” deal really protects them from big tax increases in the future. That’s essentially what President Obama promised in championing the hike […]
President Obama and Vice President Biden revealed their proposed reforms intended to reduce firearms related violence. The proposal contains a mix of executive actions, regulations, and calls for Congress to act legislatively. The total package […]
Federal Reserve Chairman Ben Bernanke criticized the debt ceiling as an unusual device that can be used to prevent the United States from paying it’s bills, as he suggested that the country would be better […]
Federal welfare spending will skyrocket 80 percent over the next decade, according to new analysis by the minority side of the Senate Budget Committee. Here’s a chart, provided by the committee, detailing the growth in […]
More than 41 percent of the U.S. population is “enrolled in at least one federal assistance program,” adding tens of billions of dollars to the national debt each year, according to new research by The […]
The White House has informed House Budget Committee Chairman Paul Ryan (R-Wis.) that it will miss the legal deadline for sending a budget to Congress. Acting Budget Director Jeff Zients told Ryan (R-Wis.) late Friday […]
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