Economics / Finance

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Democrats Block Critical Coronavirus Relief Bill as Markets Plummet

Democrats Block Critical Coronavirus Relief Bill as Markets Plummet

In a 47-47 vote, Senate Democrats blocked a critical $2 trillion coronavirus economic relief package on Sunday. The move sent futures markets plummeting by over 5%. According to the Washington Examiner, the Democrats have stalled the plan to pass the bill by Monday and send it to the House for a vote. President Donald Trump and congressional leaders hoped the measure would send a signal that would help stabilize ...
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Democrats Kill Amendment Protecting Americans from Credit Discrimination Based on Politics, Religion

Democrats Kill Amendment Protecting Americans from Credit Discrimination Based on Politics, Religion

Democrats in the House of Representatives voted on Wednesday against an amendment to a proposed bill that would prevent the Consumer Financial Protection Bureau (CFPB) from forcing credit reporting agencies to evaluate Americans based on political opinions or religious beliefs. Without such an amendment, Republicans warn, the powerful CFPB would have the legal authority to make nearly any criteria mandatory for a private credit evaluation company ...
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The Pentagon Announces $35 Trillion 'Accounting Black Hole' for 2019 Missing Funds

The Pentagon Announces $35 Trillion ‘Accounting Black Hole’ for 2019 Missing Funds

Over the past two weeks of coronavirus headlines and heightened global anxiety, along with impeachment coverage and after over the Super Bowl weekend Americans huddled in living rooms in blissful oblivion, a story which in more normal times would be front and center has gone largely unnoticed. To be sure, the Pentagon couldn't be happier that this bombshell has taken a back burner in global headlines: The Pentagon ...
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ICE Director: ‘Recycled’ Children Part of Human Trafficking on U.S. Southern Border

ICE Director: ‘Recycled’ Children Part of Human Trafficking on U.S. Southern Border

Michael Albence, acting director of Immigration and Customs Enforcement (ICE), said that the federal law enforcement agency is facing a “new area” of human trafficking along the U.S. border with Mexico as children are used to try to gain admission into the country. Breitbart News asked Albence to explain the role of human trafficking as it relates to the border crisis. He said: Frankly, it’s a new area ...
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How Every Asset Class, Currency, and Sector Performed in 2019

How Every Asset Class, Currency, and Sector Performed in 2019

Another year is in the books, and for investors 2019 was quite the turnaround story. Despite an early backdrop of heightened volatility, escalating trade tensions, Brexit uncertainty, and calls for a recession, the year progressed in an unexpectedly pleasant fashion. The Fed used its limited arsenal to provide additional stimulus, and global markets soaked it up to extend the decade-long bull run. By the end of ...
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