Having milked the government shutdown threat for everything it was worth, Democrats and Republicans agreed late Friday on a spending plan for the next six months that shaves an estimated $38.5 billion off of the federal government's $3.7 trillion budget. That's roughly a one percent cut, in other
Read story »By FITSNews || A day after President Barack Obama spoke of "freezing" federal spending, Democrats in the U.S. Senate sent a vastly different message to the American people - voting along party lines to raise the nation's debt limit to an unprecedented $14.3 trillion. That's a $1.9 trillion increase
Read story »Fannie Mae - the "butt buddy" of Rep. Barney Frank and co-author of our latest (and perhaps greatest) government-inspired national disaster - reported a whopping quarterly loss of $23.2 billion today. Yup ... that's $23.2 billion. The astounding loss was the result of Fannie's first quarter under
Read story »After a major rally on Monday, stocks gave back most of those gains today as plunging retail sales and a Federal Reserve report showing the economy sliding into a recession caused the Dow Jones to plummet by 733 points. Interestingly enough, the massive federal bailout which was approved earlier this
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