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Morgan Stanley Says Government Defaults Inevitable
"Investors face defaults on government bonds given the burden of aging populations and the difficulty of increasing tax revenue, according to a Morgan Stanley executive director. "
8/25/2010
Permalink ID:16260
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Media Nearly Silent as ObamaCare Proponents Drop Deficit, Cost Savings Claims
"It has now been five days since Politico's Ben Smith published a powerpoint presentation created by an amalgamation of powerful left wing interest groups, conceding that two of the central arguments for passing ObamaCare - that it will lower the deficit and will reduce health care costs - have failed."
8/25/2010
Permalink ID:16244
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8/23/2010
Permalink ID:16174
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The coming Democratic split on Social Security
"The president is vowing not to privatize Social Security, but to resolve its enormous cash flow problems permanently, he risks angering liberals who believe a solution can wait. Keith Hennessey on his options."
8/20/2010
Permalink ID:16070
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Budget analysts see 2010 deficit at $1.3 trillion
"This year's federal deficit will exceed $1.3 trillion, Congress' official budget analysts projected Thursday in a report underscoring election year perils both parties face as they struggle to balance conflicting demands to trim budget shortfalls, spark the economy and cut taxes."
8/19/2010
Permalink ID:16059
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8/14/2010
Permalink ID:15961
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U.S. bailouts benefited foreign firms, report says
"The federal government's effort to stabilize the financial system in 2008 by flooding money into as many banks as possible resulted in a boon to many foreign firms and left the United States shouldering far more risk than governments that took a narrower approach, according to a new report by a panel overseeing the Treasury's $700 billion bailout fund."
8/12/2010
Permalink ID:15900
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Deficit in July Totals $165.04 Billion
"The U.S. government spent itself deeper into the red last month, paying nearly $20 billion in interest on debt and an additional $9.8 billion to help unemployed Americans."
"Federal spending eclipsed revenue for the 22nd straight time, the Treasury Department said Wednesday. The $165.04 billion deficit, while a bit smaller than the $169.5 billion shortfall expected by economists polled by Dow Jones Newswires, was the second highest for the month on record. The highest was $180.68 billion in July 2009."
8/11/2010
Permalink ID:15887
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Deficit in July Totals $165.04 Billion
"The U.S. government spent itself deeper into the red last month, paying nearly $20 billion in interest on debt and an additional $9.8 billion to help unemployed Americans."
"Federal spending eclipsed revenue for the 22nd straight time, the Treasury Department said Wednesday. The $165.04 billion deficit, while a bit smaller than the $169.5 billion shortfall expected by economists polled by Dow Jones Newswires, was the second highest for the month on record. The highest was $180.68 billion in July 2009."
8/11/2010
Permalink ID:15886
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8/10/2010
Permalink ID:15832
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Did the TARP Money Really Get Paid Back?
"Short version: If TARP had only done what TARP was supposed to do — prop up the banking system — it still would have been a mess, but a mess for which the banks, not the taxpayers, ultimately would have picked up the tab. With everything that’s rolled up into TARP, we’re going to take a bath. And it could get really bad if we don’t do something about Fannie and Freddie – and by doing something I don’t mean getting behind a whole new passel of weak mortgages made to people who cannot even raise the money for a down payment."
8/9/2010
Permalink ID:15794
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U.S. Job Market Loses Steam
"Private Sector Expands Slightly, but Governments Cut Jobs; Treasury Yields Dip."
8/8/2010
Permalink ID:15760
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38 Billionaires to Donate Half of Their Fortunes to Charity
"The Giving Pledge, brainchild of Bill Gates and Warren Buffet, has finally gone public with a list of 38 billionaires who will be giving half of their fortunes to charity. The public pledge is designed to encourage other wealthy individuals to follow suit. Also, it's already managed to jump-start an interesting public discussion about philanthropy, particularly as it applies to the very rich."
8/7/2010
Permalink ID:15743
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