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Senator Rand Paul To Filibuster “Long-Term” Surveillance Extension

Authored by Mike Shedlock via www.themaven.net/mishtalk, A program that allows gov't to collect data without a warrant expires this year. Paul opposes a "long-term" extension. Senator Rand Paul is taking a partial stand against warrantless searches. I will actively oppose and filibuster any long term extension of warrantless searches of American citizens — Senator Rand […]


Republican Squabbling Could Force A Government Shutdown This Weekend

Now that Republicans have finished patting themselves on the back for passing the first comprehensive tax reform bill in 31 years, and which hopes to stimulate the economy my rewarding those least likely to spend…   … members of Congress are shaking off their hangovers and confronting the reality that that the leadership is still […]


The Coming Fiscal Derailment – Stockman Explains Why FY 2019 Will Sink The Casino

Authored by David Stockman via Contra Corner blog, Since last November 8th the Russell 2000 has risen by 30% and the net Federal debt has expanded by an astounding $1.0 trillion dollars. In a rational world operating with honest financial markets those two results would not be found in even remotely the same zip code; and especially not in month #102 of […]


Susan Collins Says She’s A ‘Yes’ On Tax Reform, Assuring Vote Passage

In an announcement that effectively clears the way for the GOP's Congressional leadership to send the Republican tax-reform plan to President Donald Trump's desk, Maine moderate Susan Collins said Monday afternoon that she intends to vote for the bill. As Republicans try to pass their No. 1 legislative priorty by week's end, a new controversy […]


Shutdown Averted: House Approes 2-Week Extension Of Goverment Funding

Update (5 pm ET): Despite a laundry list of demands from Democrats and Republicans who appeared ready to cut off government funds, a majority of the House has voted to approve a two-week extension of government spending, a major legislative achievement that will allow Republicans to focus on their top priority: Passing comprehensive tax reform. […]


Shutdown Averted For Now: House Approves 2-Week Extension Of Government Funding

Update (5 pm ET): And so the can has been kicked again, if only for only 2 weeks. Despite a laundry list of demands from Democrats and Republicans who appeared ready to cut off government funds, a majority of the House has voted to approve a two-week extension of government spending, a modest legislative achievement […]


Government On Verge Of Shutdown As Democrats Refuse To Support Stopgap Plan

In an announcement that brings the federal government to the verge of a weekend shutdown, Nancy Pelosi said Democrats won’t support a Republican bill for a two-week funding extension because almost none of their demands have been met. Meanwhile, Speaker Paul Ryan says he feels confident about the vote count for the Republican’s short-term extension […]


China Commodity Carnage Continued Overnight As Brexit Fears & Bitcoin Cheers Dominate

Once again weakness in the US carried through to Asia with stocks unable to hold any National-Team-inspired gains, but it was the contagion to commodities that was most notable (as a hike in exchange fees snuffed out a lot of speculative fervor) European equities have followed suit from their Asia-Pac counterparts to trade higher across […]


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 […]