Free Republic

The majority of Americans now approve of President Trump's handling of the coronavirus pandemic, a change from just one week prior, according to a new Ipsos/ABC News poll.Of those surveyed, 55 percent said that they approved of the president's handling of the situation, while 43 percent said they disapproved. The numbers were basically reversed from one week ago when 54 percent said they disapproved and 43 percent approved. Trump's tone and approach to the outbreak has changed in recent weeks, with the president now appearing at daily briefings at the White House with his coronavirus task force. Trump said this...

LONDON - The amount of debt owed by the world’s governments will jump to a record $53 trillion by the end of the year, S&P Global estimated on Thursday, with $8.1 trillion set to borrowed this year alone. About 70%, or $5.8 trillion, of sovereigns’ gross borrowing will be to refinance maturing long-term debt, though the expected $2.3 trillion of new borrowing will still be worth at least 2.6% of global GDP. S&P said the increase reflected the higher borrowing needs of the largest countries. The U.S. at $3 trillion and Japan at $1.75 trillion will remain by far the...

With students running a higher risk of obesity and hunger during their summer break, Prince George’s County schools have joined an effort to provide the youngsters with free breakfast and lunch. More than 60 schools throughout the county will serve the meals until Aug. 1. “Providing continuous meals throughout the summer helps children receive the nutrition they need to learn, play and grow,” Kevin M. Maxwell, Chief Executive Officer for Prince George’s County Public Schools said in a statement.

The EU summit hammered out yet another temporary fix today, albeit a complicated one. The proposal involves the creation of a "European Monetary Fund" and it will require changes to the Maastricht Treaty. Paul Krugman does not like the austerity measures and ECB president Jean-Claude Trichet had to eat his words regarding defaults and acceptance of defaulted bonds as collateral. German taxpayers may potentially be screwed big time on this bailout. Can this agreement hold together? Before deciding let's look at some details. "European Monetary Fund" Created In what French President Nicolas Sarkozy likens to a "European Monetary Fund", EU...

Net worth for households and non-profit groups declined by $1.5 trillion to $53.5 trillion, according to the Federal Reserve’s Flow of Funds report issued today in Washington. The decline was the first since March 2009. Home values rose because of a tax credit that has since expired.

WASHINGTON -- Facing criticism for her handling of federal stimulus money, Homeland Security Secretary Janet Napolitano said Wednesday that she would not start any new border construction projects while the department reviewed how projects were selected. Napolitano has faced questions since The Associated Press reported last month that Homeland Security officials did not follow their internal priority lists when choosing which border checkpoints would get money for renovations.

You know that American voters aren't feeling the love for ObamaCare when House members hold town-hall meetings in their districts, only to be heckled and booed. No worries for House Speaker Nancy Pelosi, D-San Francisco. On Tuesday, she ditched the town-hall concept in favor of a friendlier closed-to-the-public "roundtable" with health care professionals and consumers at San Francisco General Hospital. At a news conference afterward, Pelosi proclaimed that "health care is a right, not a privilege." The House health care bill, she said, would mean Americans could receive health care with no restrictions on pre-existing medical conditions, more benefits for...

After increasing the national debt by more than $3.2 trillion over the previous six years, President Bush submitted a fiscal 2008 budget totaling $2.9 trillion, which represents a trillion-dollar-plus increase (56 percent) over the spending level ($1.86 trillion) he inherited from the 2001 budget. Mr. Bush's five-year budget blueprint would add nearly $600 billion to the national debt in 2008 alone and another $1.9 trillion over the next four years. To keep the debt from soaring even higher, the president had to rely on numerous delusional assumptions. These included the absurd notions that his global war on terror would cost...

We're OVER 7.5 TRILLION now