Treasury Department

Frontrunning: March 15

  • What to watch at the Fed meeting (FT)
  • Dutch vote in test of anti-elite sentiment in Europe (Reuters)
  • Where Are the Battlegrounds in the Dutch Election? (BBG)
  • Erdogan says Dutch have ‘rotten character’ as row escalates (FT)
  • How the Fed Convinced Markets It’ll Raise Rates This Week (BBG)
  • GOP Senators Say Health Bill Won’t Pass Unless Changed (WSJ)

The US Government Now Has Less Cash Than Google

"Our modern 'experts' tell us that the US government will always pay and that a debt default is impossible. Well, we’re living in a world where the 'impossible' keeps happening."

Spygate: America's Political Police Vs. Donald J. Trump

The campaign to frame up and discredit Trump and his associates is characteristic of how a police state routinely operates. A national security apparatus that vacuums up all our communications and stores them for later retrieval has been utilized by political operatives to go after their enemies – and not even the President of the United States is immune.

FBI Director Asked DOJ To Publicly Reject Trump Wiretapping Claims

In the latest dramatic plot twist to emerge from Trump's accusation that Obama wiretapped the Trump Tower prior to the election, the NYT reports that FBI director James Comey asked the Justice Department this weekend to publicly reject President Trump’s allegation that Obama eavesdropped on the soon-to-be president.

Frontrunning: March 2

  • Data-Dependent Yellen Running Out of Reasons to Hold Rates Still (BBG)
  • Dollar rises, global stocks hold highs on March Fed rate hike bets (Reuters)
  • Pelosi calls on Sessions to quit after Post discloses Russia contacts (Reuters)
  • Euro-Area Inflation Hits 2 Percent as ECB Debates Policy (BBG)
  • Snap IPO Values Company at Twice Facebook’s Multiple  (BBG)
  • SEC advisory committee to question Snap's transparency for investors (Reuters)

Obamas To Make Over $60 Million From Book Deal

Several publishers are outbidding each other in a blockbuster auction for the global rights to two books by Barack and Michelle Obama, where the latest bid has surpassed a record $60 million for presidential memoirs.

Mnuchin Praises Strong Dollar, Adds To Currency Confusion

“For longer-term purposes, an appreciation of the dollar is a good thing, and I would expect longer-term, as you’ve seen over periods of time, the dollar does appreciate. “In the short term, there are certain aspects [of a strong currency] that are positive about the dollar for our economy and there are certain aspects that are not as positive."

Fannie, Freddie Plunge After Court Rules Hedge Funds Can't Sue

Moments ago, the stocks of the nationalized GSEs = Fannies and Freddie - tumbled, after a federal appeals court upheld a ruling that barred hedge funds from suing to overturn the U.S. government’s 2012 decision to capture billions of dollars in the profits generated by the mortgage guarantors Fannie Mae and Freddie Mac after their bailout.