(Headline USA) President Donald Trump's "Liberation Day" is fast approaching, and stock markets from Wall Street to Wellington, New Zealand, are falling Monday in advance of it.
In New York, the S&P 500 was down 0.8% following one of its worst losses of the past couple of years on Friday....
(Brett Rowland, The Center Square) The Congressional Budget Office's newest projects underscore the nation's unsustainable spending plans as Republicans look to extend President Donald Trump's 2017 tax cuts.
The CBO said U.S. debt held by the public is on track to reach its highest level ever in 2029 before reaching...
(Maire Clayton, Headline USA) President Donald Trump and his administration revealed more ways the government was wasting money in a Monday meeting.
The Department of Government Efficiency found that millions of dollars in loans were being given to children.
“One case of fraud was with the Small Business Administration, where they...
(Mike Maharrey, Money Metals News Service) The Federal Reserve lost $77.6 billion in 2024. And by the way, a Fed loss is ultimately your loss.
The central bank began bleeding red in late 2022. In 2023, it reported an operating loss of $114 billion.
On top of its operating loss, the...
(Thérèse Boudreaux, The Center Square) – Unless Congress suspends or raises the debt ceiling soon, the U.S. government could default on its $36.2 trillion debt by mid-July, according to the newest debt limit analysis.
The Bipartisan Policy Center, which published the analysis Monday, projects the “X Date” will occur somewhere...
(Money Metals News Service) In a riveting and candid conversation on the Money Metals Podcast, host Mike Maharrey sat down with G. Edward Griffin, the prolific author best known for The Creature from Jekyll Island, a book that has shaped modern understandings of the Federal Reserve and its shadowy origins.
(Interview Starts Around 5:40 Mark)
The Birth...
(Mike Maharrey, Money Metals News Service) Federal Reserve Chairman Jerome Powell doesn’t think you should be worried about a recession.
If history is any indication, you should probably be worried about a recession.
During his press conference following the March FOMC meeting, Powell called the economy “strong overall,” and he brushed...
(Mike Maharrey, Money Metals News Service) They buried the lede.
The Federal Reserve loosened monetary policy significantly during the March FOMC meeting that wrapped up Wednesday.
“But wait,” you say. “The Fed held interest rates steady, right?”
Yes. Yes, they did.
The federal funds rate remains set between 4.25 and 4.5 percent. And...
(Ken Silva, Headline USA) An FBI agent who was once the handler for tech billionaire Peter Thiel, and who later criticized the bureau for allegedly suppressing investigations into ties between Rudy Giuliani and Russian intelligence assets, was arrested this week on charges of illegally disclosing classified information, according to court...
(Maire Clayton, Headline USA) Major companies are pulling funding for the San Francisco Pride after President Donald Trump's clampdown on diversity, equity, and inclusion programs.
Comcast, Anheuser-Busch, and alcoholic beverage company Diageo, which owns many popular brands, are just three of big sponsors that decided to stop giving money, according...
(Peter C. Earle, Money Metals News Service) Less than a week after breaking the $2,900 per ounce barrier, gold has surged past $3,000 per ounce, driven primarily by deepening economic uncertainty.
The S&P 500 has entered correction territory, tumbling over 10 percent from its recent highs as fears of a slowdown grip...
(Casey Harper, The Center Square) Over the past few years, more Americans were surprised to learn that their bank suddenly closed their accounts, purportedly for their political views.
The process is called debanking, when a bank chooses to kick a customer out, often without any notice or explanation.
Critics say the...