Q&A: What Happens During a Government Shutdown?
Some of the claims being made about what happens to the federal government when there is a funding lapse are almost hysterical – Senator Tom… Read More
61% of Americans Want Spending Cuts Before Debt Limit Is Raised
A clear majority of Americans believes that imposing a firm limit on borrowing with spending cuts is the only chance for Congress to kick its… Read More
Plan to Suspend Debt Limit Means Debt Would Rise to $17.8 Trillion
Treasury Secretary Jack Lew announced a new debt ceiling deadline today, urging congressional lawmakers and the President to come to an agreement concerning the nation’s… Read More
LawNews
D.C. Circuit Signals Doubts on IRS Tax Preparer Regulations
In oral argument today, the D.C. federal appeals court appeared ready to throw cold water on the IRS’s claim to have the authority to regulate… Read More
Next Fed Chairman: Independence Is Paramount
Larry Summers withdrew his name from consideration for the next chairmanship of the Federal Reserve. The office currently occupied by Ben Bernanke wields enormous power… Read More
Inside the Dysfunctional IRS
As bad as the political persecution of conservatives by the IRS is—and it is really bad—if the IRS were to replace half of its workforce… Read More
IRS-Gate: The Potential Criminal Implications
With the announcement by Attorney General Eric Holder of a criminal investigation of the IRS over the agency’s targeting of conservative Tea Party and other… Read More
One of America’s Biggest Exports: Treasury Securities
The Bureau of Economic Analysis (BEA) recently released statistics on U.S. exports for January, but failed to mention of one of the biggest U.S. “exports”—federal… Read More
China Is Not Our Banker
China has fallen behind Japan as the largest foreign holder of U.S. securities. The Department of the Treasury’s new numbers are good only through June… Read More
EconomyNews
The Curious World of Jack Lew, Treasury Secretary Designate
President Obama has nominated White House Chief of Staff Jack Lew to succeed Timothy Geithner as Treasury Secretary. Lew could be in for some tough… Read More
