Digger’s Friday Triple Play

Posted by on Jul 17, 2009 in Budget deficit, Economy, FDIC, Government Spending, Inflation, Recession, U.S. Dollar | 0 comments

Budget Deficit Tops $1 Trillion for First Time The federal deficit has topped $1 trillion for the first time ever and could grow to nearly $2 trillion by this fall, intensifying fears about higher interest rates, inflation and the strength of the dollar. The deficit has been widened by the huge sum the government has spent to ease the recession, combined with a sharp decline in tax revenues. The...

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Digger’s Friday Triple Play

Posted by on Jun 26, 2009 in Deflation, Economy, Federal Reserve, Inflation, War On Terror | 1 comment

Not Everyone Is Cheering Fed’s New Role The Federal Reserve would become the nation’s most powerful financial overseer, an approach that is becoming a flashpoint as lawmakers and consumer groups attack the central bank for its role in creating and handling the financial crisis. A movement is spreading in Congress to force the Fed to disclose the identity of institutions that borrow...

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