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An Epic Lack of Congressional Fortitude

Another fight over the debt ceiling shows yet again exactly how our congressmen are in need of improvement.

The US government lost nearly $1 trillion this past fiscal year. Again.

.. the federal government's [FY 2017] cash deficit was $865 billion... And, again, that number would have been even worse if not for the debt ceiling that legally froze the national debt in place....Just like in 2016 (where the cash deficit was $1 trillion), this past fiscal year saw no major recession. Show More Summary

It Has Never Been Cheaper To Hedge A Market Crash Using This One Trade

In mid-August, at the height of the North Korea geopolitical turbulence, and amid uncertainty about the Fed balance sheet unwind, fears of a government shutdown and the US debt ceiling, as well as the fate of Trump tax reform and Obamacare...Show More Summary

Gold Tumbles Most Since July (As Bitcoin Bounces)

Gold is down over 1% this morning, extending recent weakness to 3-week lows on the basis that the world didn't end (and the debt ceiling was extended) we presume. Notably, both USDJPY and Bitcoin are mirroring the precious metal's move... It...Show More Summary

Why The Donald Deals With Democrats On Debt Ceiling And DACA

Trump has found that people like “the art of the deal” when it resolves political gridlock.

Distinguished pols of the week

There’s no contest for the big winners this week. Fresh from a deal on the debt ceiling that chopped the legs out from under hard-line GOP budget hawks, House Minority Leader Nancy Pelosi (D-Calif.) and Senate Minority Leader Chuck Schumer (D-N.Y.) got President Trump to sign onto a deal to fix DACA and allow these […]

Is This President Trump's "Read My Lips" Moment?

Authored by Patrick Buchanan via Buchanan.org, “Having cut a deal with Democrats for help with the debt ceiling, will Trump seek a deal with Democrats on amnesty for the ‘Dreamers’ in return for funding for border security?” The answer to that question, raised in my column a week ago, is in. Show More Summary

Can Trump continue to work with Democrats without losing the support of his base?

Last week, Trump reached an unexpected debt ceiling deal with Senate Minority Leader Charles E. Schumer (D-N.Y.) and House Minority Leader Nancy Pelosi (D-Calif.) — two top Democrats. Trump then had dinner with Schumer and Pelosi Wednesday night, after which the two Democratic leaders announced a major agreement with the president that would ensure protections […]

Trump's art of the deal for dreamers

last monthNews : USAToday: News

First debt ceiling and now DACA. Do we dare hope Don, Chuck and Nancy will help Mitch and Paul get to other bipartisan compromises?: Our view        

President Trump finally finds a way to alienate his base, by flirting with Democrats on DACA

Who knew that deciding the fate of “Dreamers” would be trickier and more explosively controversial for a Republican president than agreeing to raise the debt ceiling? President Trump won plaudits for crossing up GOP leaders to summarily cut a deal with top congressional Democrats on three key fiscal...

Poll: Majority approve of Trump's outreach to Congressional Democrats

President Trump has faced harsh approval ratings since taking office earlier this year, but a surge in one poll this week came after a big move -- reaching out to Democrats on Harvey relief and the debt ceiling. Read more... Permalink | Email this | Linking Blogs | Comments

GOP Boosts NIH Funding By $2 Billion; NIH Returns the Favor By Offering Grants for Transgender Studies at $200,000 Per Year, Per Study

Yes, the GOPe was really totally completely ready to start cutting the federal budget, until Trump made a three-month deal on the debt ceiling. And all the #FakeNewsConservatives on blogs and twitter that have repeatedly called anyone proposing budget cuts...

Most Voters Are Happy Trump's Reaching Across the Aisle to Work With Dems

While some Republican lawmakers bristled at the deal President Trump cut with Democrats over government spending and the debt ceiling and are growing increasingly agitated at his efforts to reach across the aisle in the House and Senate, GOP voters think its a great move.

Most Republicans Approve of Trump Snubbing Leaders

A new HuffPost/YouGov poll finds that Republicans approved of President Trump’s decision to side with Senate Minority Leader Chuck Schumer and House Minority Leader Nancy Pelosi over his own party’s leadership on the debt ceiling deal, 62% to 18%. Trump [...]

Donald Trump’s debt ceiling agreement with Democrats is straight out of ‘The Art of the Deal’

last monthNews : The Raw Story

A quote from Donald Trump’s “The Art of the Deal” perfectly encapsulates how keen he is to win the war of ideas rather than satisfy partisans: “What the bulldozers and dump trucks did wasn’t important, I said, so long as they did a lot of it.” He was describing a stunt he pulled in 1982...

Mitch McConnell says Congress will next address US debt ceiling ‘some time next year’

last monthNews : The Raw Story

Senate Republican leader Mitch McConnell said he does not think the debt ceiling limit would be eliminated permanently, an idea floated by Democrats and embraced by Republican President Donald Trump last week. “As far as the debt ceiling is concerned, we will not be revisiting the debt...

Storm of Treasury Supply On Its Way Blows An Ill Wind for Bonds and Stocks

A debt ceiling deal has been done. While it’s only for 3 months, it means that the Treasury can resume borrowing without restriction.  An increase in borrowing will be needed to repay internal funds that the Treasury has raided since the debt ceiling was imposed back in March. Show More Summary

Removing the debt ceiling a wrench in Republican strategy

last monthNews : The Lookout

President Donald Trump has thrown a wrench into the works of one of the Republicans' key tactics for pressuring Congress on spending, by proposing to get rid of the federal debt ceiling. After announcing the surprise deal with Democrats...Show More Summary

One governing crisis temporarily averted, Republicans face a raft more

Last week, after popular vote loser Donald Trump threw Republican leadership under the bus to give Democrats Nancy Pelosi and Chuck Schumer their way on temporarily funding the government, lifting the debt ceiling, and providing theShow More Summary

Disaster Averted (For Now): How the Surprise Debt Deal Will Impact Markets

By now you have heard about the debt ceiling deal that President Trump made with congressional democrats(hard to believe),which has now been approved by Congress as a whole. The post Disaster Averted (For Now): How the Surprise Debt Deal Will Impact Markets was originally published at The Wall Street Examiner. Follow the money!

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