KLTV.com-Tyler, Longview, Jacksonville, Texas | ETX News A restaurant manager from Tyler, Texas, briefly became the world’s first trillionaire earlier this week—until his $4 trillion… Read More
Economy News
The Obama Administration argues that failure to raise the debt limit would lead to a default on federal debts, causing unacceptable harm to the economy…. Read More
The Federal Reserve recently cut its forecast for economic growth in the United States. That’s a problem. We need higher growth to create jobs and… Read More
The number of people in poverty in America stagnated in 2012, according to a recent report by the U.S. Census Bureau. This comes as no… Read More
Do American workers have lower living standards today than in 1989? To anyone with a camera GPS library stereo video recorder TV smartphone in his… Read More
The “largest criminal investigation the Antitrust Division has ever pursued” in its 80 years of existence is continuing to unfold. The U.S. Department of Justice… Read More
Despite some efforts this year to improve its financial position, the Federal Housing Administration (FHA) will reportedly seek a bailout from the federal government to… Read More
Economy News
The U.S. Postal Service (USPS) defaulted on its debt last night. No, it has nothing to do with the partial shutdown of the government. The… Read More
Did you know that since President Obama came into office, the debt limit has been raised seven times? With those increases, Congress has added $43,000… Read More
Treasury Secretary Jack Lew announced a new debt ceiling deadline today, urging congressional lawmakers and the President to come to an agreement concerning the nation’s… Read More
While much of the debate over government funding has centered around funding for the President’s unworkable health care law, Democrats’ appetite for more unnecessary federal… Read More
Prime Minister Shinzo Abe is likely to increase Japan’s sales tax from 5 percent to 8 percent next year. Abe and his close ally Haruhiko… Read More
Washington is in the midst of another budget fight this fall over the nation’s debt limit. What some call political brinksmanship others recognize as an… Read More
A few years ago, President Obama declared he believed “in people getting rich based on performance and what they add in terms of value and… Read More
Efforts in Congress to give state tax collectors power to tax out-of-state (mostly Internet) sales hit a roadblock Wednesday, as House Judiciary Committee chairman Bob… Read More
The Congressional Budget Office just dropped a budget update on Washington, and it’s not good. The U.S. government is spending recklessly—and Obamacare is adding fuel… Read More
“My Administration has worked tirelessly to create jobs, help our residents obtain, employment, and escape poverty. It is because of these very commitments, in fact,… Read More
EconomyNews
The national debt is a few years away from an unprecedented peacetime explosion, according to the Congressional Budget Office (CBO). Without serious fiscal restraint, public… Read More
The Congressional Budget Office (CBO) released its long-awaited long-term outlook on the budget today. As surely as the sun rises in the east, it shows… Read More
Economy News
The release of today’s Congressional Budget Office (CBO) report on the long-term budget outlook sends one message loud and clear: The U.S. spending and debt… Read More
Larry Summers withdrew his name from consideration for the next chairmanship of the Federal Reserve. The office currently occupied by Ben Bernanke wields enormous power… Read More
As Congress contemplates legislation to end Fannie Mae and Freddie Mac, the government agency running their operations is trying to make that task easier. However,… Read More
Congress is in the midst of debating spending levels in a fiscal year (FY) 2014 continuing resolution. It’s no surprise that the two chambers disagree… Read More
Earlier this week, a New York Times editorial claimed that 14.5 percent of U.S. households are experiencing “pangs of chronic hunger.” This figure is based… Read More
While movement on a bill to extend the reach of state sales tax laws to out-of-state retailers has been quiet lately, that doesn’t mean the… Read More
A growing economic relationship between Taiwan and India would be a very positive development in Taiwan’s effort to become fully integrated into the regional economy…. Read More
As legislation moves through Congress to address the fate of Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA) has indicated it will… Read More
As Congress continues to deal with the “too big to fail” issue, it would do well to recognize that bankruptcy does not automatically equate with… Read More
The Committee on Foreign Investment in the United States (CFIUS) is charged with screening foreign investments to ensure they pose no risk to national security…. Read More
For some lawmakers, corporate welfare is okay, unless it hurts someone in their district. Four lawmakers from Minnesota and Michigan are up in arms over… Read More
