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 […]

By A.F. Branco Click here for a higher resolution version.

By Rick Manning It is numbers day again, the day where the Labor Department reports last month’s unemployment figures to much fanfare. This month, clues will be looked for to determine if the economy is heading into recession, after the Commerce Department released data last week that […]

By Robert Romano The U.S. economy contracted at an inflation-adjusted 0.7 percent in the first quarter, the Bureau of Economic Analysis reports in its latest update . The bad news flies in the face of economic projections by the U.S. Federal Reserve, which had been predicting 2.6 to 3 percent growth for 2015 in December . That was downgraded […]

By Robert Romano If 2016 does not work out the way every one hopes, Republicans will have nobody to blame but themselves. Votes in favor of trade authority for President Barack Obama and the Trans-Pacific Partnership will be albatrosses around the necks of Republican Senators and Congressmen […]

By Nathan Mehrens In the current Congressional debate over whether the Export-Import Bank (Ex-Im Bank) should be reauthorized, one aspect of its activities has received little, if any, attention. Since 1970, the Ex-Im Bank has maintained a cozy relationship with the Private Export Funding Corporation […]