Budget Deficit

You Know It's A Global Debt Bubble When...

With analysts noting that markets are "taking the Fed's tightening policy in their stride," demand for emerging-markets debt is so strong that one of Asia's poorest nations is mulling a debut dollar-bond sale...

Is Bankruptcy For Illinois The Answer?

Could a formal bankruptcy proceeding for the State of Illinois be the answer to it’s fiscal crisis? If you think that’s out of the question, as many do, you’re wrong.

Why The Healthcare Reform Bill Went Down In Flames

"What worries us most is the government is misinterpreting the November victory as a big mandate, which leads to policy overreach and massive pushback by the population resulting in social instability. "

Revised GOP Health Plan Gets Terrible CBO Score: All The Negatives, Almost No Positives

CBO has scored the revised RyanCare plan (notably not with amendments that have likely been discussed today) and it is even worse... considerably less budget deficit reduction, the same number of uninsured, and similar effects on healthcare premium. We would imagine conservatives will throw up all over it as it has all the negatives of the original bill with less than half the positives.

Frontrunning: March 21

  • Gorsuch Strives to Present Himself as Above Political Fray (WSJ)
  • Investigation Could Hurt Trump’s Clout in Congress (WSJ)
  • U.S. to Ban Laptops and Tablets in Cabins of Some Mideast Flights (BBG)
  • Tillerson no-show at NATO renews European disquiet about Trump (Reuters)
  • Don’t Blame Your Social Media Feed for the Growing Political Divide (BBG)
  • High-Frequency Traders Fall on Hard Times (WSJ)

Global Stocks Soar To Record Highs On "Dovish" Fed, Dutch Vote

World stock indexes surged to record highs on Thursday while the dollar traded close to a one-month low after the Federal Reserve hiked U.S. interest rates but signaled no pick-up in the pace of tightening, while the Dutch elections were broadly interpreted as a drop in support for Europe's anti-establishment powers.

CBO: 24 Million Would Lose Health Insurance Under GOP Bill By 2026

  • 14 million would lose insurance by 2018, with the number risin to 24 million by 2026.
  • The budget deficit would be reduced by $337 billion over 10 years.
  • Premiums would rise by 15-20% in 2018-2019, however they would then decline by 10% than under current law by 2026.

Saudi Crown Prince Flies To Washington To Meet With Donald Trump

Saudi Deputy Crown Prince, Mohammed bin Salman, responsible for the kingdom's reforms, left on Monday for Washington to meet President Donald Trump on a visit expected to pitch the world's top oil exporter as an attractive investment destination. It will be the first meeting since Trump took office in January between the U.S. President and the prince who is next in line to lead Saudi Arabia.