Financial Market

San Francisco (Reuters) - California Governor Jerry Brown will urge lawmakers to support cuts to welfare, health and Higher Education spending and call on them to back his plan to ask voters to raise taxes to close a state Budget gap that may rea…

WASHINGTON (Reuters) - The U.S. economy may finally be hitting its stride even if growth remains too weak to put a real dent in the nation's jobless rate, Federal Reserve Chairman Ben Bernanke said on Friday. Offering no real clues on the future …

WASHINGTON (Reuters) - Republican Tim Pawlenty denounces "runaway spending" in Washington and blames the Obama Administration for a mountain of Debt in a new book that lays out his case for possibly running for president in 2012. Pawlenty's "Cour…

By law, a statutory limit restricts the total amount of Debt the Federal Government can accumulate. This limit can only be increased by Congress. Treasury Secretary Timothy Geithner noted in a letter to Congress yesterday that this “debt c…

By David Lawder, Andy Sullivan and Glen Somerville WASHINGTON | Thu Jan 6, 2011 7:52pm EST WASHINGTON (Reuters) - Republicans acknowledged on Thursday they will have to sign off on more Deficit spending to avoid a Debt default that would roil F…

WASHINGTON, Jan. 5 (UPI) -- Lively, partisan debate Wednesday gave way to a vote along party lines, 240-191, to accept new rules for the Republican-led U.S. House of Representatives. The new rules of the U.S. House of Representatives either make t…

In approximately three months the United States government will default on its Debt obligations if the Congress does nothing.  Currently the Debt Limit is set at $14.294 Trillion.  The federal Debt is currently at $13.871 trillion and ri…

It is curious that the New York Times still fails to see the irony in its condemnation of the banks for risk mismanagement failures while at the same time advocating more authority for the regulatory agencies — the SEC, CFTC, FDIC, Treasury,…