Latest
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$98 Billion Wasted
Government agencies misspent over $98 billion last year, $26 billion more than was wasted the previous year, the Associated Press reports. The White...
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Debt Hits $12 Trillion
This week, the gross national debt hit a record $12.031 trillion. Gross debt is a broad measure which includes both debt held by the public (currently...
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Senate Health Care Bill to Cost $849 Billion
Breaking news: Senate Majority Leader Harry Reid is finally in the midst of unveiling the health care reform plan that will be brought to the Senate...
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Taxing Health Care Decisions
Information about the Senate health care bill is trickling in -- word is that coverage provisions will cost $849 billion over ten years and the bill...
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Will TARP be Renewed?
UPDATE: Treasury Secretary Geithner testified on Nov. 19 before the Joint Economic Committee, stating that "we are winding [TARP] down and will close...
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GM Outlook Improves Despite Q3 Losses
Early this week, General Motors stated that while it is still experiencing losses, it has stabilized itself enough so that the company can begin...
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Several Executives Predict Third Stimulus
Several executives from General Electric and Bank of America Merrill Lynch said early this week in a BofA Merrill Lynch webcast that they see Congress...
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CMS Analyzes House Health Care Bill
On Friday, the Centers for Medicare & Medicaid Services (CMS) released a report estimating the effects of the House health care reform bill. Looking...
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Three More FDIC Bank Closings
On Friday evening, the FDIC reported that it has taken over an additional three banks ( Pacific Coast National Bank, Orion Bank, Century Bank) for a...
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Weekend Editorial Roundup
Here are the highlights from this weekend’s editorials on fiscal and budget policy: The New York Times applauds the House and Senate Finance bills for...
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FDIC to Collect Three Years of Premiums in Advance
The FDIC has just adopted a rule to require banks to pay at the end of 2009 the amount they would owe the FDIC for insurance premiums over the next...
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Freezing Discretionary Spending...
UPDATE: Stan Collender thinks we might be making ice mountains out of snow hills. According to a number of news reports, President Obama has begun...