Fed Prints, Congress Spends – Who Pays?

by Ryan McMaken With the Federal Reserve’s annual Jackson Hole symposium there’s been much talk about when the central bank might allow interest rates to rise, presumably through the process of “tapering.” Tapering would mean easing monthly bond purchases, which would …

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The phony war: Treasury Dept to invoke ‘extraordinary measures’ as Congress misses debt-ceiling deadline

by confoundedinterest17 C’mon, Congress will have to approve a massive increase in the US Statutory Debt Limit. But CNBC has the tantalizing “Doom Porn” headline: “Treasury Dept to invoke ‘extraordinary measures’ as Congress misses debt-ceiling deadline.” The Treasury Department will begin conducting …

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