The bank is likely to have bought the UK government bonds about four years as banks came under pressure to increase the amount of liquid securities they held on their balance sheet to provide emergency funding in the event of a new financial crisis.
Current construction costs for the 32-mile rail spur to Port Mac are estimated around $300 million, but like all big government projects, that number will certainly rise. And project proponents estimate annual operations and maintenance costs at …
Federal spending seems more outrageous when it hits close to home, and now smart phone users are able to monitor government waste instantly with the “Open the Books” mobile phone application. The free app allows citizens to “see the massive money …
Republicans in the House Armed Services committee warn of dire consequences under sequestration, even as some in their party suggest otherwise
President Obama warned that the sequester spending cuts, which begin today, will foist real pain on the American people, saying we “can and must” replace these “dumb” cuts with “a more balanced approach” to deficit reduction that includes targeted cuts closes tax loopholes to secure more revenue.
City mired in “cash crisis” moves closer to having state-appointed emergency manager control its finances
The president explains his decision to weigh in on the case reviewing California’s same-sex marriage ban