The New York Federal Reserve injected more than $300 billion in loans into the repurchase agreements (repo) market last week. That same week, the Congressional Budget Office announced a year-over-year increase of $39 billion in the quarterly deficit to bring…
The Federal Reserve sold another $75 billion in overnight repurchase agreements (repos) on Wednesday, with demand dramatically overwhelming supply. And by the end of the day, the New York Fed announced increasing the overnight repos available from it to $100…
Paul Reveres or Chicken Littles, depending upon your perspective, warn of a coming danger. The doomsday scenarios appear confined neither to an intellectual ghetto where the respectable fear to tread nor to either end of the ideological spectrum. “The Coming…
President Trump unveiled a budget Monday that seeks $3 trillion in cuts over the next decade. What a difference a week makes. The president signed a bill authorizing increases in domestic spending to secure larger increases in defense spending last…
Lawmakers on Capitol Hill approach an agreement on spending with another government shutdown looming at 12:01 a.m. Friday. Strangely, rather than encourage frugality, the government running out of money — and frequently necessitating such sky-is-falling deals — invariably ushers in…