Democratic establishment starts to gang up on Sanders – The Hill

Democratic lawmakers on both sides of the Capitol are turning their fire on Bernie Sanders as he marches toward a big win in Tuesday’s New Hampshire primary. Rep. Gerry Connolly (D-Va.), a supporter of Hillary Clinton, warned that Sanders could drag down Democratic candidates running for the House and Senate if he wins the nomination. […]

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EXCLUSIVE: Secret Fed Docs Show Obama Misled Congress, Public During Debt Limit Crises – The Daily Caller

Federal Reserve Bank of New York officials secretly conducted real-time exercises during the 2011 and 2013 debt-limit crisis that demonstrated the federal government could function during a temporary shutdown by prioritizing spending, even as Treasury Secretary Jack Lew publicly claimed many times that such efforts were “unworkable,” according to a new report by the House Financial […]

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2,200 pages, $1.8 trillion, dead of night – Politico

What’s really in the year-end tax and spending bill? Congress released more than 2,200 pages of legislation in the dead of night — containing $1.1 trillion in spending, about $680 billion in tax cuts and a string of other policy changes. Both the fossil fuel and alternative energy industries can count themselves as winners, following […]

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Great fall of China sinks world stocks, dollar tumbles – Reuters

LONDON (Reuters) – Alarm bells rang across world markets on Monday as a near 9 percent dive in China shares and a sharp drop in the dollar and major commodities panicked investors. European stocks were almost 3 percent in the red and Wall Street was braced for similar losses after Asian shares slumped to 3-year […]

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Ponzi: Treasury Issues $1T in New Debt in 8 Weeks—To Pay Old Debt | CNS News

The Daily Treasury Statement that was released Wednesday afternoon as Americans were preparing to celebrate Thanksgiving revealed that the U.S. Treasury has been forced to issue $1,040,965,000,000 in new debt since fiscal 2015 started just eight weeks ago in order to raise the money to pay off Treasury securities that were maturing and to cover […]

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Tax Revenues Set Record for October; Feds Still Run Monthly Deficit of $1,050 Per Household | CNS News

(CNSNews.com) – The federal government has started fiscal 2015 by setting yet another record for inflation-adjusted tax revenue, while running a monthly deficit of $121.7 billion, which works out to $1050.78 in deficit spending per household in the United States. For each $1.00 the Treasury brought in during October as it set the new record […]

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CBO: Cost of Obamacare Subsidy Will Increase 8-Fold in 10 Years | CNS News

(CNSNews.com) – The cost of the Obamacare subsidy that the U.S. Treasury will pay on behalf of people who earn under 400 percent of the federal poverty level and who buy a government-approved health-care plan on a government-run health-insurance exchange will increase by approximately 8-fold in its first ten years of operation, according to the […]

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$7,060,259,674,497.51–Federal Debt Up $7 Trillion Under Obama | CNS News

(CNSNews.com) – The total federal debt of the U.S. government has now increased more than $7 trillion during the slightly more than five and a half years Barack Obama has been president. That is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt […]

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Charges Filed In ‘One Of The Largest’ Food Stamp Frauds EVER | The Daily Caller

Federal charges have been filed against dozens of people in Georgia who allegedly set up a scheme that funneled $18 million worth of food stamps through grocery stores in what a Department of Justice official is calling “one of the largest federal food program frauds ever.” Fifty-four people were indicted for their roles in the […]

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10,996,447: Disability Beneficiaries Hit New Record | CNS News

(CNSNews.com) – The total number of disability beneficiaries in the United States rose from 10,981,423 in March to 10,996,447 in April, setting a new all-time record, according to newly released data from the Social Security Administration. The number of Americans receiving disability benefits continues to exceed the populations of Greece, Tunisia and Portugal, and is […]

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ObamaCare: the mistake America could not afford | Human Events

Journalistic icon Bob Woodward has been in hot water with the Obama Administration and its more enthusiastic apologists for a while now.  He’s not going to get any more popular with that crowd after his appearance on “Fox News Sunday” last weekend, in which he related a conversation with a doctor he described as a […]

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WH: ‘We Don’t Want Deficit Reduction to Come at Expense of Investments’ | CNS News

(CNSNews.com) – So much for deficit reduction. President Obama’s Fiscal Year 2015 budget, due out in March, will focus on “investments” for “a stronger future,” Obama’s top economic adviser said on Thursday. Savings will be “directed towards the long-term.” “And I think what we don’t want is for our deficit reduction to come at the […]

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BBC News – Ukraine crisis: Police storm main Kiev ‘Maidan’ protest camp

Police are storming the main protest camp in Ukraine’s capital, Kiev, which has been occupied since November. Explosions are taking place, fireworks are being thrown and large fires have broken out in Independence Square. On Tuesday at least 18 people were killed, including seven policemen, in the worst violence seen in weeks. President Viktor Yanukovych […]

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Senate Hid Key Vote on Increasing Debt Limit from Public View | CNS News

WASHINGTON (AP) — Financial markets were watching, the retirement accounts of millions of Americans on the line. Nervous senators were watching too, well aware that political fortunes could be on the line. So on perhaps the most important vote of the year, the Senate did something extraordinary this week: It tried to keep the vote […]

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Conservatives rally against debt ceiling ‘surrender’ | The Daily Caller

The House voted Tuesday to raise the debt ceiling with no conditions attached, and conservative groups are calling for Speaker John Boehner’s head. The vote was 221-201, with just 28 Republicans joining 193 Democrats to vote for it. Speaker Boehner cast a rare vote in favor of the bill. But the attacks began before the vote even […]

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Who Read 1,582-Page $1.1T Spending Bill? Congressman: ‘Nobody Did’ | CNS News

(CNSNews.com) — When asked whether he read the 1,528-page,  $1.1 trillion government spending bill before he voted for it yesterday, Rep. Earl Blumenauer (D-Ore.) said, “Nobody did!” On Capitol Hill on Thursday, CNSNews.com asked Blumenauer: “The omnibus bill yesterday, it was 1,582 pages, did you have a chance to read all the pages before voting […]

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Senate Passes $1.1 Trillion Omnibus Spending Bill: Here Are the 17 GOP Senators Who Helped Pass It | TheBlaze.com

The Democrat-controlled Senate voted 72-26 Thursday to pass a $1.1 trillion “omnibus” spending bill to keep government operations funded until Sept. 30. All 26 “nay” votes came from Republicans. Two Republicans, Sens. Saxby Chambliss (Ga.) and Tom Coburn (Okla.), did not vote. Here are the 17 Republicans who voted to pass the bill: Lamar Alexander […]

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Congress passes Ryan-Murray budget deal | The Daily Caller

Ladies and gentlemen, Congress has passed a budget. The Senate joined the House in passing the bipartisan budget deal Wednesday afternoon, 64-36. The deal, which was negotiated by House Budget Committee Chairman Paul Ryan and Senate Budget Committee Chairwoman Patty Murray, drew fire from Senators on both sides of the aisle, with Democrats objecting to […]

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House approves budget deal aimed at averting shutdown – CNN.com

Washington (CNN) — A compromise federal budget plan that would remove the threat of a government shutdown for two years won easy approval Thursday from the Republican-controlled U.S. House. The deal worked out by House Budget Chairman Rep. Paul Ryan and Senate Budget Committee Chairwoman Patty Murray passed on a 332-94 vote and now goes […]

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Treasury Forced to Issue $1T in New Debt in First 6 Weeks of FY14 | CNS News

(CNSNews.com) – Between Oct. 1, 2013, the first day of fiscal 2014, and Nov. 14—which was less than a month after Congress agreed to temporarily suspend the legal limit on the federal debt—the Treasury was forced to issue more than $1 trillion in new debt. During that time, according to the Daily Treasury Statement, the […]

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Your share of the national debt is now $1.1 million | Rare

Each U.S. taxpayer now has a federal-debt liability of $1.1 million, and rising. Remember that when President Obama boasts that the federal deficit—the shortfall between annual revenues and spending—is declining. Of course, the primary reason for the decline is the sequester, which was his idea but now adamantly opposes. The public tends to focus on […]

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U.S. debt jumps a record $328 billion (in ONE day) — tops $17 trillion for first time – Washington Times

U.S. debt jumped a record $328 billion on Thursday, the first day the federal government was able to borrow money under the deal President Obama and Congress sealed this week. The debt now equals $17.075 trillion, according to figures the Treasury Department posted online on Friday. The $328 billion increase shattered the previous high of […]

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There’s no actual debt ceiling right now | The Daily Caller

There’s no actual debt ceiling right now. The fiscal deal passed by Congress on Wednesday evening to re-open the government and get around the $16.4 trillion limit on borrowing doesn’t actually increase the debt limit. It just temporarily suspends enforcement of it. That means Americans have no idea how much debt their government is going […]

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$3.39T Quantitative Explosion: Fed Owns More Treasuries and MBSs Than Publicly Held Debt Amassed From Washington Through Clinton | CNS News

(CNSNews.com) – The same day that the Federal Reserve’s Federal Open Market Committee announced last week that the Fed would continue to buy $40 billion in mortgage-backed securities (MBSs) and $45 billion in U.S. Treasury securities per month, the Fed also released its latest weekly accounting sheet indicating that it had already accumulated more Treasuries […]

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Treasury: We’ve Kept Debt Exactly $16,699,396,000,000 For 4 Months | CNS News

(CNSNews.com) – At 4:00 p.m. on Wednesday, the U.S. Treasury released its daily statement revealing how the accounts of the federal government stood as of the close of business on Tuesday, Sept. 17. According to this official accounting,  the federal government’s debt that is subject to a legal limit set by Congress stood at exactly […]

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