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Estimated annualized interest payments on the US government debt pile climbed past $1 trillion at the end of last month, Bloomberg analysis shows. That amount has doubled in the past 19 months, and is equivalent to 15.9% of the entire Federal budget for fiscal year 2022. The figures are calculated using US Treasury data which state the government’s monthly outstanding debt balances and the average interest it pays. The worsening metrics may reignite debate about the US fiscal path amid heavy borrowing from Washington. That dynamic has already helped drive up bond yields, threatened the return of the so-called bond...

WASHINGTON (AP) -- President Barack Obama has signed a $1 trillion-plus 2012 spending bill that sets the day-to-day budgets of 10 Cabinet agencies. The Senate approved the bill last Saturday in a flurry of year-end activity that was overshadowed by an ensuing confrontation over extending a payroll tax cut.

As first reported here, two weeks ago European banks saw the amount of USD-loans from the Fed, via the ECB's revised swap line, surge to over $50 billion - a total first hit in the aftermath of the Bear Stearns failure prompting us to ask "When is Lehman coming?" However, according to little noted prepared remarks by Anthony Sanders in his Friday testimony to the Congress Oversight Committee, "What the Euro Crisis Means for Taxpayers and the U.S. Economy, Pt. 1", we may have been optimistic, because the end result will be not when is Lehman coming, but when...

MANHATTAN (CN) - An American expatriate in Bulgaria claims the United Nations, the World Economic Forum, the Office of International Treasury Control and the Italian government conspired with a host of others to steal more than $1.1 trillion in financial instruments intended to support humanitarian purposes. The 111-page federal complaint involves a range of entities common to conspiracy theorists, including the Vatican, Illuminati, the Masons, the "Trilateral Trillenium Tripartite Gold Commission," and the U.S. Federal Reserve.

The Senate is on the brink of passing President Obama's cavalcade of pig-meat.With the word "trillion" being tossed around these days like hiccups at a Kennedy family barbecue, the very magnitude of how much that really is can be easily lost on the human brain.A few days ago, Senator Mitch McConnell gave a marvelous example of how large "one trillion" actually is by saying that if one had spent $1 million a day since the day Jesus was born, he or she would still not have reached a trillion dollars.That's hard to ingest.A caller to Dennis Prager's radio show...

  ----- Original Message ----- From: ABC TV Stossel Reporting To: ABC TV Stossel Reporting Sent: Thursday, October 03, 2002 5:28 PM Subject: JOHN STOSSEL'S "GIVE ME A BREAK" THIS FRIDAY, OCTOBER 4,200210 P.M. EST This Friday's "Give Me A Break" is about an another accounting scandal. The accounting at an institution is so lax, employees used investors' money to buy engagement rings, Elvis photos, women's lingerie, jewelry, escort services, and breast implants. The "investors" in this case are you, because the "company" is the defense department. It happened because of the defense department's ludicrous policy of giving out...