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 […]

California Governor: Tax Hikes Needed for $16B Budget Gap

(AP)   California Gov. Jerry Brown is proposing more than $ 8 billion in cuts to close a widening California budget deficit but also says public schools will receive more money if voters approve his tax-hike initiative in November. Federal Jack              

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 […]

How Goldman Sachs Helped Mask Greece’s Debt

Nick Dunbar, author of ’The Devil’s Derivatives’, reveals how the country turned to investment bank Goldman Sachs for help getting around the deficit rules. In his report for Newsnight, some of those who did the deal, talk publicly for the first time. Source: Vampire Squid” Goldman Sachs confesses it is being investigated for helping […]

The Cost of Obama

BY JEFFREY H. ANDERSON, President Obama’s fourth budget has now been released, which allows for a relatively full accounting of deficit spending during his four years in office. The picture isn’t pretty, but it is revealing. According to the White House’s own figures (see table S-1 here for 2011 to 2013, and table S-1 […]

Tea Party Group Presents Its Own Debt Commission Report

By KATE ZERNIKE, 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 […]