• Wednesday, October 26, 2016 - 16:21

    --Committee For Responsible Budget Offers 20Yr Cost Of Trump, Clinton Plans
    --Budget Group: Clinton Would Allow Debt To Rise To 106% of GDP by 2036
    --Budget Group: Trump Plan Propels Debt to Almost 150% of GDP By 2036

    WASHINGTON (MNI) - The Committee for a Responsible Federal Budget, a watchdog group that has been calculating the cost of fiscal plans on the presidential campaign trail, said Wednesday that debt held by the public would reach about 106% of gross domestic product by 2036 under the proposals of Hillary Clinton and would skyrocket to 147% of GDP by 2036 under Trump's fiscal plans.

    In a blog post, the CRFB extended from 10 years to 20 years its estimates of the fiscal proposals of the two leading candidates -- and said the calculations are not pretty.

  • Tuesday, October 25, 2016 - 13:19

    --Tsipras looks to US to end feud over debt sustainability - sources

    ATHENS (MNI) - United States President Barack Obama will pay an official visit to Greece on November 15, the White House announced Tuesday.

  • Monday, October 24, 2016 - 15:31

    --ABC Poll Shows Clinton Leading Trump, 50% to 38%
    --Democrats Need To Gain Five Seats To Win Outright Senate Majority
    --House Democrats Need To Gain 30 Seats To Win Majority

    WASHINGTON(MNI) - With Election Day just about two weeks away, House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell are frantically trying to retain their majorities in Congress as Donald Trump's presidential campaign struggles.

    Throughout the summer and early fall, Ryan and McConnell were aware that the controversial Trump candidacy posed significant headwinds for their respective efforts to retain control of Congress.

  • Monday, October 24, 2016 - 14:57

    --Bank of New York Mellon Sole Surviving Settlement Bank

    WASHINGTON (MNI) - Government regulators, on a mission to reinforce the resilience of the cash Treasurys market, are seeing forces beyond their control consolidate all settlement of government securities in the $1.7 trillion tri-party repo market end up in the hands of one bank, and Federal Reserve Gov. Jerome Powell said Monday that bank will be under unprecedented scrutiny.

    Powell, speaking to a day-long conference of Treasury market participants and government officials, said the long-term structure of the key settlement function which underpins much of the market's day-to-day operations is not yet known, but for the time being regulatory expectations for the surviving settlement bank, Bank of New York