South Carolina

Goldman Warns 1-In-3 Chance Of Government Shutdown In May

Goldman's Jan Hatzius believes the odds of a government shutdown next week are fairly low, but rise to around one in three if the debate extends into May. A shutdown at the start of the next fiscal year, in October, is a greater risk in their view.

No Obamacare In Most Of Iowa, Tennessee - What Happens? Fallback Plans?

Trump could call up providers and bully them into offering coverage. But does that make any sense from a party that wants to Kill Obamacare? The system is set up to implode and there is no point to doing anything until it does. After an implosion, there will be bipartisan support to do something. Right now there is no bipartisan support to do anything.

Boeing To Lay Off "Hundreds" Of Engineers

President Trump will not be amused. In a letter to employees, Boeing VP John Hamilton announces that the company will lay off "hundreds" of engineers as soon as this week, affecting Washington and "other enterprise locations."

Lust For War

“Obviously the war in Iraq was a big, fat mistake,” Trump said, to whoops and hollers during a primary debate in South Carolina. Well, that was fun while it lasted...

Frontrunning: April 10

  • Euro hovers above one-month low as French election nerves grow (Reuters)
  • French Election Risk Reawakens as Bonds Drop, Volatility Jumps (BBG)
  • Hopes fade for U.S. bank earnings despite rally in financial shares (Reuters)
  • Skepticism Grows About Higher Fed Rates Helping Banks’ Margins (BBG)
  • Record Bond Issuance Signals Doubts About Economy (WSJ)

Westinghouse Bankruptcy Puts Fate Of Four U.S. Nuclear Reactors In Limbo

Few appear to have been prepared for the aftermath of the Westinghouse Electric bankruptcy, which has set off a showdown between Toshiba and a major U.S. utility, has left the fate of four half-finished nuclear reactors and is threatening to drive a wedge between the US and Japanese governments over the fate of industries each considers vital.

Watch Live: Gorsuch Takes The Stand As Republican Threat Of "Nuclear Option" Looms

After a full day allotted for "opening statements" yesterday, Neil Gorsuch once again takes the stand before the Senate Judiciary Committee today but this time he'll actually be entertaining questions rather than sitting in awkward silence as Democrats takes potshots at his professional career.  Grab your popcorn because today's festivities are scheduled for 10 hours of fun.

See Where Immigrants Out-Earn US-Born Citizens

Right across the country, households headed by persons born outside the U.S. earn less than households run by native-born Americans. But that wage gap varies widely per state, from close to $20,000 to less than $1,000. And in some places, the gap is even reversed, in favor of the immigrant households.

Trump Releases His First Budget Blueprint: Here Are The Winners And Losers

Today at 7am, Trump released his  first federal budget blueprint revealing the President's plan to dramatically reduce the size of the government. As previewed last night, the document calls for deep cuts at departments and agencies that would eliminate entire programs and slash the size of the federal workforce. It also proposes a $54 billion increase in defense spending, which the White House says will be offset by the other cuts.