Moody’s: U.S. can forget about Triple-A rating if it violates debt ceiling

The Treasury is running out of time and money. [Moody’s]

 

The U.S. will lose its Triple-A rating if it violates the debt ceiling, even if it quickly acts to meet its obligations, a rating agency said Tuesday.

The U.S. is facing a looming deadline to raise the debt ceiling, and there’s concern that despite the insistence of figures including Treasury Secretary Steven Mnuchin and House Speaker Paul Ryan, it won’t get lifted in time. The Treasury has estimated it will reach the debt limit by Sept. 29. Continue reading

Greece defaults on debt: IMF

Washington:  The IMF has confirmed the debt due by Greece has not been paid so Greece is officially in arrears. Continue reading

Germany Makes Final Warning to Greece Over Foreign Debt

Germany has issued a final warning to Greece as the final meeting of the leaders in Brussels approaches.

Germany has issued a final warning to Greece threatening that Greece will have to leave the Eurozone if they fail to establish a deal with their creditors.

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Obama’s Iran deal falls on ominous Bible date

When President Obama announced a “framework” nuclear agreement with Iran – which Israeli Prime Minister Benjamin Netanyahu warns threatens the very existence of his nation – few noticed the significance of the date.

On the Jewish calendar this year, April 1 coincided with Nisan 13, the date in history when a Persian king signed an agreement calling for the destruction of the Jews.

“King Obama has issued his decree putting the Jewish nation at risk of annihilation on the very same day that King Ahasuerus’ scribes came together and issued their statement to the rulers of every people of every province according to the writing thereof, and to every people after their language and sent letters by posts into all the king’s provinces, to destroy, to kill, and to cause to perish, all Jews, both young and old, little children and women, in one day.”

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Fait Accompli: Bad Iran deal coming and in fact has already been decided

The joint statement by Secretary of State Kerry and Iranian Foreign Minister Zarif that there will be no extension of the talks between the six powers and Iran past the most recent deadline of March 24th means only one thing: a deal has been reached between the U.S. and Iran, which will be announced to the other five participants when the Obama Administration decides it is convenient to do so.

This is the way this administration operates. Continue reading

Fmr. Obama Official: Iran Will Now ‘Reap the Benefits’ While Having to Make No Concessions

 

Former Obama official Jeremy Bash spoke on CNBC regarding the recent failed talks with Iran, and how Iran came out the winner with a deadline extension.

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‘Brexit’: Prize For Britain’s EU Exit Strategy

A 100,000-euro (£86,000) cash-prize is being awarded for the best plan on how Britain could leave the European Union.

The ‘Brexit Prize’ has been created by the Institute of Economic Affairs (IEA), a free-market think tank, in the run up to a proposed referendum on the UK’s membership of the EU. Continue reading