Reuters By Richard Cowan, Rachelle Younglai, Tim Reid and Caren Bohan WASHINGTON (Reuters) - A small team of U.S. Treasury officials is discussing options to stave off default if Congress fails to raise the debt limit by the Aug. 2 deadline, sourc… more »

Cr editor's note: Hmm..this is so wrong on so many levels it just may work...the Government forgiving a debt to itself, which it cannot pay back anyway, thereby allowing itself to purchase even more debt. The truth here is simply that the debt hole wou… more »

The Huffington Post   ByJames Sunshine Last September, Laguna Beach resident Stephen McDow found $110,000 deposited in his bank account, courtesy of the IRS. That same deposit has now landed him in hot water, according to CBS Los Angeles. (h/t The Co… more »

By Garfield Reynolds and Wes Goodman June 4 (Bloomberg) -- President Barack Obama is poised to increase the U.S. debt to a level that exceeds the value of the nation’s annual economic output, a step toward what Bill Gross called a “debt super cycle… more »

Heritage Foundation By Amanda Reinecker Leading up to the vote on Senator Chris Dodd's 1,408 page financial reform bill, lobbyists from big labor and big finance joined forces to make sure the legislation was a Wall Street Bailout Bill. And that's e… more »