Treasury Announces $8.9 Billion Increase In Small Business Loans

Apr 05 2013 @ 04:58
The U.S. Department of the Treasury today released a new report showing that participants receiving capital through the Small Business Lending Fund (SBLF) boosted lending for the seventh straight quarter.  In total, SBLF participants have increased small business lending by about $8.9 billion since the depths of the recession in 2009.  This increased lending represents […]

US economy adds 236,000 jobs

Mar 10 2013 @ 16:45
New employment figures released amidst Sequester debate The United Stated economy 236,000 jobs in February newly released figures reveal.  When combined with 157,000 jobs created in January the US employment rate now stands at 7.7%, the lowest figure since President Obama took office in January 2009. Welcoming the figures Alan Krueger, chairman of the White […]

Will President Obama’s Stance on Sequester Backfire?

Mar 05 2013 @ 11:02
As political stalemate in Washington over the issue of budget cuts continues with possibility of any eleventh-hour deal being very remote, the question now asked by everyone is not whether the sequestration will be avoided but how much will it impact.

Sefton Resources Trading Update and a NEW accusation from me of Sefton deliberately misleading investors

Mar 05 2013 @ 03:44
This is all so bloody familiar but here we go again with another trading update from Sefton Resources (LSE:SER), the joke company that is suing me for libel. I will offer it an opportunity to broaden that case below since I have unearthed another howler of a statement this morning in which, I accuse Sefton […]

Bowles and Simpson Propose a Framework to Reduce Deficit

Mar 04 2013 @ 10:08
With an aim to bring fiscal discipline, President Obama formed National Commission on Fiscal Responsibility and Reform back in 2010. Erskine Bowles and Alan Simpson were chosen to co-chair this commission. The Commission, informally dubbed as Bowles-Simpson, suggested hosts of measures in that December—which, if implemented, would have helped the federal government shrink its deficit […]

US Sequester: Obama signs budget cuts into law

Mar 03 2013 @ 15:18
Growth concerns grow following $85bn of “dumb, arbitrary” cuts implemented after political stalemate President Obama has signed into law federal spending cuts worth $85bn, after the Democratic and Republican parties failed to reach agreement on how to balance the nation’s finances. Known as the sequester the spending cuts, described  by the President as being “dumb” […]

As Blame Game Continues, the Threat of Sequester Looks Almost Reality

Mar 01 2013 @ 10:48
Even as President Obama in his opening State of the Union remarks last month said that sequester is a “bad idea” for the U.S. economy ,reiterating his demand for combination of taxes  and spending cuts in order  to avert $85 billion annual across-the-board budgets cuts, Republicans are almost certain that sequester will come into effect […]

Obama Urges the GOP to adopt “More Balanced” Approach

Feb 28 2013 @ 06:36
A few weeks ago President Obama urged the Congress to formulate measures that would help in trimming down nation’s fiscal deficit in a more gradual way rather than sudden kneejerk cuts.

Reid Rules out Spending Cuts if More Revenue is Not Raised through Taxes

Feb 26 2013 @ 07:58
Senate Majority Leader, Harry Reid (D-Nevada), earlier this month reiterated that any new budget deal, aimed at averting  series of draconian spending cuts or sequester—which is scheduled to come into effect from March 1— would have to include additional revenue through taxes.

Obama hails “renewed” economic confidence

Feb 13 2013 @ 04:34
President uses State of the Union address to economic growth Barack Obama has called for action to “reignite” the US economy. During his annual State of the Union address to both houses of congress, the President argued that the country had “cleared away the rubble of crisis, and we can say with renewed confidence that […]
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