Tag: debt


Tom Van Flein: GOP Congress ‘Still Running Nancy Pelosi’s Priorities’ — ‘We’re Talking About Amnesty, not Building a Wall’

Democrats are “winning the narrative” and “winning their priorities” in Capitol Hill spending deals despite congressional GOP majorities and a Republican president, said Tom Van Flein, current chief of staff for Rep. Paul Gosar (R-AZ), on Friday’s edition of SiriusXM’s Breitbart News Tonight with host Rebecca Mansour.

An employee puts Chinese one-hundred yuan banknotes in a money counting machine for a photograph at the Korea Exchange Bank headquarters in Seoul, South Korea, on Thursday, Feb. 27, 2014. Chinas central bank is forecast to double the yuans trading band in the coming quarter as policy makers loosen exchange-rate controls to promote greater usage of the currency in global trade and finance. Photographer: SeongJoon Cho/Bloomberg via Getty Images

For China, Debt Disaster Lurks in the Shadows

Analysts with the proper degree of skepticism about China’s boasts of soaring economic power note that official reports from the Communist regime cannot be trusted. Another, less widely understood problem is that China’s rulers might not know how unstable their economy really is because a sizable portion of Chinese debt lurks off the books in the “shadow banking” industry.

AP Photo

China Uses Website to Name, Shame, and Punish Debtors

Economists around the world worry about the accumulation of excessive personal debt. China’s approach to the problem is as ham-fisted as everything else the authoritarian nation does: they set up a website to name, shame, and punish “dishonest people” with debt repayment judgments against them.

Paul Ryan, Mitch McConnell

Darling: Attach Cut, Cap, and Balance to Debt Limit Hike

Treasury Secretary Steven Mnuchin argued on Fox News Sunday for a “clean” hike in the debt limit. Mnuchin also pushed a strategy of attaching the debt limit as an amendment to a bill to provide $7.9 billion in temporary relief to victims of Hurricane Harvey.

CalPERS (Reuters / Max Whittaker)

CalPERS Reality Will End Left’s #CalExit Fantasy

As the #CalExit movement continues to draw favorable press — mostly in liberal publications bitter over Trump’s victory — its downfall just might be found in the fiscal realities facing CalPERS, the agency responsible for managing pensions and benefits for over 2 million California state employees.

Rep. Mo Brooks: Congress Must Use ‘Power of the Purse’ To Block Obama’s Refugee Plan

“It will be very difficult for me to vote for any funding bill that risks American lives by improving the chances of successful terrorist attacks on American cities,” Mo Brooks said in an interview with Breitbart News Tuesday. “And so if that’s the funding bill Barack Obama and the House and Senate leadership want me to support they’re going to need to look elsewhere for votes.”

Ben Carson Draws Thousands in CA

On Wednesday afternoon, 2016 Presidential candidate and pediatric surgeon Dr. Ben Carson addressed thousands of people at a rally in Anaheim, California. Much of Carson’s question and answer session touched significantly on his medical experience. His speech centered around his

Too Much Debt: Chris Christie Blames Obama For Stock Crash

New Jersey Governor Chris Christie reacted to the news of the stock market crash on Wall Street earlier today on Fox News, blaming President Obama for racking up too much national debt. “What’s happened is, because this president has run up more debt than any president in American history, that debt has been given to us in large measure by the Chinese,” he said.

Texas State Capitol, Photo by Bob Price

Op-Ed: Texas and TRANs — Avoiding Short-Term Debt in 2016

If there’s an 18-year-old in your life — or if you’ve been 18 yourself, in the not-too distant past — you know that credit card invitations start clogging the mailbox right around that magic birthday. And whether you’re a “financial education” specialist or just your average parent, you know one of the first lessons an 18-year-old needs to learn is not to borrow when you don’t have to.

AP Photo

Poll: Greece Financial Crisis Likely to Disturb Tourist Industry

The poll found that UK, France, Germany and the Netherlands appear to view the perception of Greece more negatively due to the current situation. However, the study showed countries that were more impacted by the economic crisis across Europe had a less negative opinion of Greece as a tourist destination.