By Robert Romano Here we go again. Under immense pressure from creditors in the European Union, the Greek parliament has overwhelmingly voted 229 to 64 to accept another €86 billion bailout. As a part of the terms, Greece must raise taxes, increase the retirement age, cut pensions, engage in foreclosures, evictions and liquidation on thousands of […]

By Robert Romano “[M]illennials’ current aversion to marriage and children affects when — or if — they purchase homes. As long as they delay or forego these choices, they are much less likely to want to buy a home, even if they can afford it. Homeownership simply […]

By Robert Romano Since 2005, labor participation in the U.S. — that is, those working or looking for work — has been steadily declining amid the financial crisis and its subsequent recession. As a result, the participation rate, on an unadjusted basis, has declined from an average […]

By Robert Romano “The United States has never lost a dollar of our contribution to the IMF.” That was the U.S. Treasury bragging as recently as March 2014 that no U.S. taxpayer funds had ever been lost on loans made by the International Monetary Fund (IMF), which the U.S. backs. So much for that. With Greece’s default on […]

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By Robert Romano Greece has now defaulted on a €1.5 billion payment due to the International Monetary Fund (IMF), becoming the first developed country to ever default to that institution. But whether Greece will remain in the Eurozone is an open question that may be decided July […]

By Robert Romano We are all Icelanders now. Greece may be about to exit the Eurozone and default on its €323 billion national debt. That is what the Telegraph’s Ambrose Evans-Pritchard reported on June 14, writing , “The radical wing of Greece’s Syriza party is to table plans over coming days for an Icelandic-style default and a nationalization of […]

As originally published at http://www.breitbart.com/big-government/2015/06/18/moving-fast-track-on-blind-irrational-faith/ By Rick Manning The House is to vote on whether to give President Obama fast track trade authority today. However, before they vote, Republicans need to understand one thing. The deals they cut for negotiating objectives, increased transparency and immigration protections are meaningless. […]

By Robert Romano The fate of legislation granting trade promotion authority to President Barack Obama may come to a simple question: Is some $2.7 billion of trade adjustment assistance paid for by increasing taxes? When trade adjustment assistance came to the floor of the House, it failed […]

By Robert Romano $14.3 billion. That is how much the U.S. has lent to troubled European nations Greece, Ireland, and Portugal through the International Monetary Fund (IMF) during the years-long financial crisis there, data from the bank shows . Overall, these three countries have borrowed $54 billion via the IMF, accounting for […]