Senate passes budget after late-night ‘vote-a-rama’

ShareThis Senate passes budget after late-night ‘vote-a-rama‘ 23 Mar 2013 Senators rammed through a whopping 101 amendments and took 70 roll call votes in a late night “vote-a-rama” session that lasted until 5:30 a.m. Saturday. The budget plan, proposed by Senate Budget Committee Chairwoman Patty Murray, only narrowly passed by a 50-49 vote. The blueprint [...]

U.S. will hit debt ceiling on Monday, Treasury Secretary Geithner warns

Treasury Secretary Timothy F. Geithner said his department will take “extraordinary measures” to postpone a U.S. default for about two months while President Barack Obama and Congress work out a deficit-reduction deal. Geithner, in a letter to congressional leaders today, said the government will hit its statutory debt ceiling on Dec. 31. To avert a [...]

Obama: $70M in new military aid to Israel

ShareThis Obama: $ 70M in new military aid to Israel 27 Jul 2012 President Obama said today that the United States is giving $ 70 million more in military aid to Israel, just as Republican opponent Mitt Romney prepares to visit the nation. The money will help Israel speed up production of a missile-defense system [...]

Los bancos privados se hacen ricos a costa de los ciudadanos – Como empezo la deuda publica

La deuda pública en Francia y en Europa Salim Lamrani Opera Mundi Todos los países europeos se enfrentan al problema de la deuda que afecta severamente a las finanzas públicas. Francia, la quinta potencia mundial, tampoco se libra de la crisis que hace la felicidad de los bancos privados. Ninguna nación europea se salva del [...]

Barroso explains EU commission’s five billion € budget deficit

Barroso explains EU commission’s five billion € budget deficit. … !? Is this an April fools joke? Seriously, it’s so sick I can’t even tell any more. Yeah, they just send out bills …for €5 billion!? This is how the whole damn EU shit economy is going to work in the future as we learned [...]

Tea Party Group Presents Its Own Debt Commission Report

By KATE ZERNIKE, TheNewYorkTimes.com As the Congressional committee charged with reining in the deficit nears its deadline for coming up with a way to cut it by at least $ 1.2 trillion over 10 years, the Tea Party — or at least, a small group aiming to represent the Tea Party — is presenting its [...]

Amazon Will Go Along with Internet Sales Tax After All

By TED MANN, The Atlantic Wire Just a few months ago, the giant retailer was filing lawsuits and dropping affiliates to combat states trying to charge online sales tax. Now, Amazon is on board. As states have struggled to find new tax revenues over the past couple of deficit years, many have sought to levy [...]

Tax issues stall deficit committee as deadline nears

By Lisa Mascaro, LA Times Deadlock. Impasse. Cooling-off period. Call it what you will, but the congressional super committee on deficit reduction has again stalled out after a flurry of proposals this week from Republican and Democratic members as the Thanksgiving deadline approaches. Talks continue behind closed doors as smaller groups of lawmakers from the [...]

Americans ’Hooked’ on Government Benefits

By Brian Faler – Bloomberg.com Political dysfunction is often blamed for Congress’s inability to curb the U.S. budget deficit. An even bigger obstacle may be the American public. A record 49 percent of Americans live in a household where someone receives at least one type of government benefit, according to the U.S. Census Bureau. And [...]

Merrill Lynch Warns of Another U.S. Debt Downgrade

By Bill McGuire, ABCNews.com The United States is in for another credit downgrade by year’s end if Congress fails to agree on a long-term plan to tame the nation’s $ 14.8 trillion debt, Merrill Lynch warned. In a research note, the Bank of America unit predicts that either Moody’s or Fitch will move to downgrade [...]