The crucial question about raising the federal debt ceiling is: What happens if Congress doesn’t? That is, what happens if Congress defaults? When President Trump returns from his “working vacation” later this month, this promises to be one of the major issues he’ll face, because the Treasury is expected to run out of cash in early or mid-October, according to projections by the Congressional Budget Office.
Janet Yellen, the chair of the Federal Reserve, is caught between Donald Trump and a hard place. By most accounts, Trump is an “easy money” guy who would prefer to keep today’s low interest rates to boost job creation.
Investigators are looking at three theories in connection with the bombing that killed three women, including a 23-year-old French citizen, in Bogota's most exclusive shopping center on Saturday.
When the next financial crisis hits -- an event that may be years or decades away -- we will learn whether this Congress and the president drew the right lessons from the 2008-09 financial crisis. Congress is arguing over whether government can avoid “bailouts” of large financial institutions and still prevent a full-blown crisis. With all of President Trump’s trials and tribulations, hardly anyone is paying attention.
Let’s be clear: America is an undertaxed society. Our wants and needs from government -- the two blur -- exceed our willingness to be taxed.
Sí, eso es lo que retórica recalentada de Washington sobre Corea del Norte –a la que el país asiático responde en tonos igualmente belicosos – es en realidad: una sucia guerra de palabras. Pero puede estar seguro de que no están a punto de intercambiarse balas, cohetes, la madre de todas las bombas y mucho menos armas atómicas. Lo cual, por supuesto, es muy bueno.
Yes, that’s what the heated rhetoric coming from Washington about North Korea –and being responded to in no less bellicose tones by the Asian country – is: a nasty war of words. Rest assured that no bullets, no rockets, no mother of all bombs, not to mention atomic weapons are about to be fired, dropped or exchanged. Which, of course, is great.
There was bound to be a political commotion when the Trump administration released its 2018 budget.
Comes now Timothy Geithner, treasury secretary from 2009 to 2013, to tell you that much of what you “know” about Dodd-Frank -- Congress’ response to the 2008-09 financial crisis -- is wrong. It’s a timely review because the Trump administration is promising to overhaul the law. The title of Geithner’s essay, carried in the current issue of Foreign Affairs, is simple: “Are We Safe Yet?” The answer is not so simple.
About 750,000 undocumented immigrants live in the United States under the DACA program. 23,000 of them live in Pennsylvania. The increase of arrests and the petition of 10 'red' states for the Trump administration to eliminate this program have plagued this community with fear.