The Fed’s Plan B By Mike Whitney January 22, 2013 “Information Clearing House” – “How do you solve a problem when you’re running a 10% fiscal budget deficit? You are not going to get growth without private sector credit demand. The government’s idea right now is that we’re going to export our way out of this,
Greece and Cyprus EU-IMF bailout funds dueEurozone finance ministers are due to meet in Brussels later to agree bailout payments for Cyprus and Greece. Cyprus is expected to get approval for the first 3bn euros (£2.5bn; $3.9bn) of its bailout package, which was agreed earlier this year. Ministers are also expected to sign off the
House passes ‘Pay China First’ Act The Republican-controlled United States House of Representatives approved a bill on Thursday that would require the government to begin paying back foreign nations before spending funds on domestic items. House Resolution 807, The Full Faith and Credit Act, mandates rules to go into effect should Congress fail to raise