The House on Friday approved a $ 1.3 billion package of spending bills for fiscal year 2021. The package, approved in a 217-197 vote by much of the party, included defense spending bills; work, health and human services, and education; commerce, justice and science; energy and water; financial services and …
Read More »Saudi Arabia posts $ 29 billion deficit in Q2 due to falling oil revenues
DUBAI (Reuters) – Saudi Arabia registered a deficit of 109.2 billion riyals ($ 29.12 billion) in the second quarter of this year as low oil prices hurt revenue, a report by the Ministry of Finance released Tuesday. FILE PHOTO: A Saudi flag flies over the Saudi Arabian consulate in Istanbul, …
Read More »Bill Gates on Elon Musk’s controversial coronavirus comments: Stick to Electric Cars and Rockets
“ Elon’s position is to maintain a high level of outrageous comment, he is not heavily involved in vaccines. Makes a great electric car. And their rockets work well. Then you are allowed to say these things. I hope he doesn’t confuse areas that he’s not too involved in. ‘ …
Read More »The Fed’s balloon balance sheet raises Republican concerns
A group of Senate Republicans are raising red flags over the rapid expansion of the Federal Reserve balance sheet, which they are concerned about could affect interest rates, the strength of the US dollar and the general economy of the United States before their colleagues leave. Realize that it is …
Read More »New York’s elected leaders have not begun to face its economic and fiscal horrors.
The city is going through really tough times, last week’s reports make it clear, and the pain may be worse thanks to continued denial by Mayor Bill de Blasio and the City Council. In a sobering 67-page document, the Association for the City of New York warns that restarting the …
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