By Kevin Mooney — State officials who attended the American Legislative Exchange Council’s (ALEC) annual conference in New Orleans, La. earlier this month expect Medicaid costs to rise dramatically as a result of ObamaCare. As it is, Medicaid currently accounts for about 17 percent of […]

By Bill Wilson – In an unusual move, the Federal Reserve on Aug. 9 announced that it intended to keep the Federal Funds Rate — the rate at which the Fed and banks lend to each other — at near-zero “at least through mid-2013”. The near-zero interest rates were instituted in Dec. 2008 as an emergency and, we thought, temporary measure to counteract […]

By Rick Manning – There is a new phrase that is being bandied about in these hard economic times that should be frightening to anyone who believes that America’s rightful place in the world is on top of the economic pecking order – the “New Normal.” Surprisingly, […]

By Robert Romano – AA is now Barack Obama’s scarlet letter.  He is the first President to preside over a downgrade of our full faith and credit, and it is owed to no less than Obama’s $1 trillion annual expansion of the now $14.5 trillion national debt, […]

For the first time in modern history, the U.S. credit rating is less than AAA. S&P’s has downgraded the U.S. credit rating to AA+. S&P’s specifically called out the debt plan that Congress passed and Obama signed earlier this week. According to S&P’s, the plan […]

Another reason why Monday’s debt-ceiling deal was bad: A government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value. […]

The unemployment rate for July dipped slightly to 9.1%.

By Robert Romano – As the poor economic data continues to come in, the bad just gets worse. Poor manufacturing numbers, growth revised downward to nearly zero for the first quarter, and now lower-than-expected consumer spending all weigh on the weakest economic recovery in modern history. Housing […]

By Kevin Mooney — By refusing to set up a health care insurance exchange system that could be used to advance ObamaCare regulations, Gov. Bobby Jindal has cut a path that other state officials should follow, argue analysts with the Cato Institute. However, other leading […]

By Robert Romano – In a recent column for the Wall Street Journal , Holman Jenkins criticized rating agencies for threatening to downgrade the United States’ Triple-A credit rating because, he writes, “the debt to bondholders will be the last to be dishonored.” As such, the U.S. is nowhere near default. That may be so — […]