Federal Stimulus Almost Gone: Education Budget Woes
Sam Dillon of the New York Times reports that the depletion of federal stimulus money will result in schools approaching "a funding cliff."...
Sectors
Fed Trying to Protect Bailout Secrecy
Last summer, a federal judge ruled that the Federal Reserve must disclose the identities...
Obama Ponders New Taxes on Banking
The Obama administration is considering asking Congress to impose higher taxes on banks as...
Stimulus Funding Failed to Create Jobs
The Associated Press has conducted an economic analysis to determine the effect of the...
GMAC Will Get More Bailout Money
GMAC Financial Services, the former financial arm of General Motors, is set to receive...
Fannie Mae and Freddie Mac Now Have a Blank Check
Little noticed (so far) by the American public, a Christmas Eve announcement by the...
Airlines Face Hefty Fine for Delays
Transportation Secretary Ray LaHood announced on December 21 that beginning this spring the federal...
Ford Offers to Buy Out U.S. Auto Workers
Ford Motor Company disclosed on December 21 that it is offering to buy out...
Fed to Keep Rates Low for “Extended Period”
The Federal Reserve decided on December 16 to keep interest rates at historic lows...
Jobless Claims Rise, Trade Gap Narrows
New claims for unemployment benefits rose more than analysts expected last week, while an...
Ron Paul Calls for Competition in Money
Many years ago, John D. Rockefeller, Sr. famously stated, “Competition is a sin.” He...
Bernanke Claims Economy Is Recovering
Federal Reserve Chairman Ben Bernanke told the Economic Club of Washington that the economy...
Ron Paul’s Audit the Fed Bill Advances
On November 19, the House Financial Services Committee advanced a bill that calls for...
Millions of Taxpayers Will Repay Tax Break
Thanks to how the Internal Revenue Service implemented President Barack Obama’s tax break last...
Why Stimulus Funds Create Few Jobs
The Obama administration has recently reduced by 60,000 the number of jobs created or...
GM’s Bailout Money May Go Overseas
General Motors has received $50 billion in taxpayer assistance, yet even as the company...
There’s Gold in Them Thar Vaults!
The U.S. federal government possesses the largest stockpile of gold in the world, but...
Record Federal Deficit of $176 Billion in October
The federal deficit for October reached a record-setting level for that month: $176 billion....
Small Banks Turn Down TARP Funds
Many small banks are turning down federal money from the Troubled Asset Relief Program...