Republicans Face Imminent Debt Limit Crisis

Congress is getting closer to the can it kicked down the road in November 2015 when it suspended the debt limit — then $18.1 trillion. Lawmakers ordered the limit to rise to whatever the debt level was in March of this year. Since then, the Treasury Department has been taking “extraordinary measures” to ensure that it… Please follow and like us:

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One man’s decision could negate the entirety of the OPEC production cuts

Much has been made in the energy markets lately of the intentions of OPEC, whether the extension of the production cuts will have the desired effect upon oil stocks, and the markets reaction. What hasn’t been discussed however, is that if the production cuts were effective one man could decide to restore oil stock to record… Please follow and like us:

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Next Battle in GOP Civil War: Raising the Debt Limit

Despite the political risks associated with a government shutdown, it’s possible one could happen if Congress cannot agree on a change in the debt ceiling by April 28. Congress left town on Friday, and has two weeks to ponder a shutdown during Easter recess. “The only ones who can shut down the government are the Republicans.… Please follow and like us:

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Trump Budget Plan Set to Spark Another Battle with Congress

U.S. President Donald Trump this week will unveil a budget expected to massively increase military spending while slashing other federal programs. The proposal, set to be released Thursday, will offer the most detailed look yet at how Trump intends to move ahead with his so-called “America First” policy. The budget will likely face significant opposition in… Please follow and like us:

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New threat to U.S. economy identified

A new threat to the troubled U.S. economy has been identified, and it’s called “fiscal space,” says a new report in Joseph Farah’s G2 Bulletin. It’s the “amount of room available for additional government borrowing,” and while it isn’t likely to create a catastrophe in the immediate future, it could start impacting mid- and long-term planning,… Please follow and like us:

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