(CNSNews.com) – Entities in Japan have surpassed entities in Mainland China as the top foreign holders of U.S. Treasury securities, according to the latest estimate published this month by the Treasury. In May of this year, the Chinese owned $1,110,200,000,000 in U.S Treasury securities and the Japanese owned $1,101,000,000,000. In June, however, Chinese ownership of […]
(CNSNews.com) – The federal government spent $2,573,708,000,000 in the first seven months of fiscal 2019 (October through April), setting an all-time record for real federal spending in the first seven months of a fiscal year, according to data published in the Monthly Treasury Statements. Prior to this fiscal year, the most that the federal government […]
Following the revelation that the Environmental Protection Agency plans to garnish wages without a court order to collect non-tax debts (i.e. misused grant funds, unrepaid loans or “fines, penalties or fees assessed by federal agencies”), the EPA has sought to defend its proposed rules. The agency cites The Debt Collection Improvement Act of 1996 (DCIA) […]
Did you know that since President Obama came into office, the debt limit has been raised seven times? With those increases, Congress has added $43,000 in debt for every American household in just the last four years. And now the debt limit deadline is looming again. Treasury will run out of tricks to keep paying […]
By United Press International May 21, 2013 6:57 am President Obama’s staff deliberately kept him in the dark about an impending report on the Internal Revenue Service scandal, his press secretary said Monday. White House press secretary Jay Carney said during his daily briefing with reporters White House counsel Kathryn Ruemmler had been notified a […]
China has fallen behind Japan as the largest foreign holder of U.S. securities. The Department of the Treasury’s new numbers are good only through June 30, 2012, but it puts Japan at $1.84 trillion and China at $1.59 trillion. There are lots of things to say about this, but one stands out: The loose talk […]
(CNSNews.com) – According to data published by the White House Office of Management and Budget and the U.S. Treasury, federal revenues hit an all-time high of approximately $2.57 trillion—back in fiscal 2007 under President George W. Bush. Earlier this year, OMB published a table as part of President Barack Obama’s 2013 budget proposal that showed […]
Washington on Thursday placed sanctions on three companies from China, Singapore and the United Arab Emirates for selling refined oil products to Iran, AFP reported. The Treasury placed sanctions on Zhuhai Zhenrong Co. of China, which it called the largest supplier of refined petroleum products to Iran, the report said. The sanctions came a day […]
We are a little over 10 months from Election Day, and the Christmas hope of many conservatives is that voters next November will deliver a decisive rebuke to President Barack Obama. Obviously, a lot can happen in 10 months. Nevertheless, many of the fundamentals of the race are already in place. And the news is […]
Few people have been more vocal about the challenges facing offshore drilling in the Gulf of Mexico than Sen. David Vitter. As a Republican from Louisiana, Vitter has firsthand knowledge of the Obama administration’s slow pace of permitting since last year’s oil spill. Louisiana has yet to fully recover from the drilling moratorium and the […]
