Industrial War Machine Complex – Buy Bitcoin Defeat Corrupt Governments Everywhere!!


Archives by tag

House Passes Temporary Funding To Operate Through January 19

Update: Right before ending the session and heading off for a well-deserved holiday, the House passed an $81 billion disaster-relief package in a 251-169 vote. The bill was surprisingly controversial – in part due to the enormous sum being authorized. According to Politico, the fate of the aid package is far from assured in the […]

Treasury Curve Inverts As Trump Slams Dems For Forcing Shutdown

Early in the week, anxiety over a government shutdown appeared to ebb as the short-term Treasury Bill market began to 'normalize', but following the tax-reform 'win', President Trump is accusing Democrats of trying to force a government shutdown… House Democrats want a SHUTDOWN for the holidays in order to distract from the very popular, just […]

House Set To Vote On Stopgap Spending Bill Tomorrow

Update (5:30 pm ET): House Republicans are moving ahead with a plan to avoid a shutdown after the House Rules Committee approved a rule change that will allow Republicans to bring a two-week stopgap plan up for a floor vote Thursday, allowing the senate until end-of-day Friday to avoid a shutdown. The plan helped Speaker […]

Government Shutdown Looms Amid Clash Over “Dreamers” Fate

In an announcement that will provide some measure of relief for T-bill traders and others who are skeptical about Republican lawmakers' ability to compromise with their Democratic colleagues, the Republican House leadership said Tuesday they would bring a stopgap bill to extend funding at its current levels – and preserve funding for a popular child […]

The Greatest Fear Today: The Lack Of Fear

Authored by James Rickards via The Daily Reckoning, Market crashes often happen not when everyone is worried about them, but when no one is worried about them. Complacency and overconfidence are good leading indicators of an overvalued market set for a correction or worse. Prominent magazine covers are notorious for declaring a boundless bull market […]

Connecticut Becomes Last State To Pass A Budget After 123-Day Battle

Four months after the beginning of the fiscal year, Connecticut has become the last state in the US to pass a budget after Democratic Gov. Dannel Malloy signed a bipartisan budget bill, but used his line-item veto power to block a section of the nearly 900-page document related to the controversial hospital tax. The deal […]

Here Are The Reasons Why Another Government Shutdown Looms

It seems that it was just yesterday when the market was celebrating Trump's avoidance of a government shutdown due to an "unprecedented" bipartisan deal with Democrats, which left Republicans out in the cold. Well, things are once again back to normal. With fewer than 30 sessions left in the year and a heap of legislative […]

Trump Asks That $8 Billion Harvey “Down Payment” Be Added To Debt-Ceiling Bill

Shortly after President Trump backed away from his demand that $1.6 billion in funding for his border wall be included in a continuing-resolution bill to avert a government shutdown, the White House late Friday sent a request for $8 billion in emergency funding for the Hurricane Harvey cleanup effort, and asked that the money be […]

“There Will Be Blood”: S&P Warns Failure To Raise Debt Ceiling Would Be “More Catastrophic Than Lehman”

With just one month left until the Treasury “X-date”, or the moment when it would run out of cash without a debt-ceiling resolution… … the time has come for dire, apocalyptic threats to spook Congress into action and specifically reaching a compromise on a debt ceiling resolution, and S&P – which infamously downgraded the US […]

Market Odds Of Government Shutdown Surge: Republican Sees “Chances As High 75%”

One week after Goldman raised its odds for a government shutdown from 33% to 50%, days after Treasury Secretary Steven Mnuchin issued the loudest warning yet that the debt ceiling situation has to be resolved over the next month, and one day after Compass Point said that after Trump’s Phoenix rally shutdown threat, the “odds […]

Compass Point: “Odds Of A Government Shutdown Are Now Dramatically Higher”

Over the weekend, Morgan Stanley reminded its clients that the biggest threat facing markets over the coming weeks is the “three-headed policy monster” inside Washington: raising the debt ceiling, passing a budget and embarking on tax reform. As MS cross-asset strategist Andrew Sheets noted, “none are easy, but we see the debt ceiling as the […]