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Tea Party Patriots Weekly Report from Washington for 4/24/1
CALENDAR: The House will come back into session on Tuesday, and stay in session through Friday. The Senate will come back into session on Monday, and stay in session through Friday. LAST WEEK ON THE HOUSE FLOOR: The House came back into session last Monday and took up 15 bills on the Suspension Calendar.…
Read MoreEditor: U.S. credit will max out when the world ‘loses confidence in the dollars we owe’
A financial historian who has been writing for decades about economics says it’s time to stop incurring debt otherwise we will soon find our proverbial credit card has been declined. TIME has the commentary: We owe more than we can easily repay. We spend too much and borrow too much. Worse, we promise too much.…
Read MoreUnitedHealthcare is kissing the Obamacare marketplace goodbye
UnitedHealthcare, with the exception of a few states, is exiting the Obamacare marketplace in 2017, the CEO announced Tuesday. The Hill has the details: The announcement, made by CEO Stephen Hemsley on an earnings call, follows up on the company’s statement in November that it was considering dropping out of ObamaCare due to financial losses.…
Read MoreFormer Senate Budget Committee Chairman: ‘It is still possible to stabilize our debt … so long as we fix our fiscal policy’
Former New Hampshire Governor and former U.S. Senator Judd Gregg in a recent column notes our national debt keeps ticking up, more than doubling from $8 trillion 10 years ago to now more than $18 trillion, and the number will continue to climb with disastrous effect unless our political leaders take decisive action and start…
Read MoreWATCH: Rep. Jim Jordan calls for impeachment of IRS Commissioner John Koskinen
Rep. Jim Jordan (R-Ohio) and other members of the conservative House Freedom Caucus are demanding Speaker of the House Paul Ryan (R-Wis.) and Judiciary Committee Chairman Bob Goodlatte (R-Va.) act to impeach President Obama’s IRS Commissioner John Koskinen for “obstructing a congressional investigation into the agency’s conduct.” The Daily Signal has the details: As most…
Read MoreTreasury: March 2016 marks biggest March deficit in four years
The federal budget deficit spiked in March – driving the nation closer to economic disaster. ABC News has the story: The Treasury Department says the deficit for March totaled $108.0 billion. That marks the biggest March deficit in four years and was more than double the imbalance in March 2015. The large jump from a…
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