You are here

Social Issues

Connecticut Lawmakers Scramble To Close $3.5 Billion Budget Shortfall As Fiscal Crisis Worsens

Connecticut Lawmakers Scramble To Close $3.5 Billion Budget Shortfall As Fiscal Crisis Worsens

Despite a series of credit-rating cuts by all three of the major ratings agencies earlier this year, Connecticut still boasts a higher rating than Illinois and New Jersey. But that could soon change.

Lawmakers are squabbling over how to close a massive deficit expected to stretch to $3.5 billion over the next two years, which has left Connecticut as the only state in the US without a budget for the current fiscal year. And if lawmakers fail to pass a budget by the end of the month, it could trigger further cutbacks and in essential services.  

Republicans Throw In The Towel: Senate Will Not Vote On Obamacare Repeal Bill

With the Republicans Obamacare repeal effort having died no less than three times over the few days, on Tuesday afternoon Republicans announced the Senate would not vote on Republicans' last-ditch bill to repeal Obamacare, putting an end to their seven-year push for now. According to Politico, the decision was reached at a party lunch Tuesday after it became clear the plan would fail. Three Senate Republicans had already said they would vote against the measure, and the GOP could only afford two defections.

Black Congresswoman 'Takes A Knee' On House Floor... Because "Trump's A Racist"

Black Congresswoman 'Takes A Knee' On House Floor... Because "Trump's A Racist"

Texas Rep. Sheila Jackson Lee kneeled during a speech on the House floor Monday as a show of support for NFL players who demonstrated this weekend against President Trump.

As The Daily Caller reports, Jackson Lee said during remarks on the House floor...

“There is no basis in the First Amendment that says that you cannot kneel before the national anthem or in front of the flag,”

And Europe's Best-Performing Bond Market In 2017 Is...

And Europe's Best-Performing Bond Market In 2017 Is...

Greeks are working longer for less pay, suffering from depression and committing suicide at a record pace, and seeing a mass exodus of young talented workers amid continued capital controls and pension cuts.

So it should be no surprise that Greek government bonds are being bought with both hands and feet by global investors reaching for yield, sparking GGBs to a return of almost 17% year-to-date - the best across Europe - even as concerns linger about the sustainability of Greece’s economic recovery once the current rescue program ends in 2018. 

Pages