Don’t Panic About Social Security
Following big Republican gains in the midterm elections earlier this month, and with President Barack Obama’s deficit commission unveiling its new proposals last week, everyone seems in agreement t...
(Reuters) - U.S. municipal bond market supply began to shrink on Monday in the face of a big East Coast winter blizzard, with Pennsylvania pushing off a $1 billion general obligation debt sale until next week and cash-strapped Atlantic City cancelling a deal for $12 million of bond anticipation notes. Altogether, issuers had delayed $1.3 billion of municipal bond sales by midday Monday as a blizzard bore down on Wall Street. Pennsylvania originally planned to sell its bonds competitively Tuesday morning, but will now come to market Feb. 3. Atlantic City, the New Jersey casino hub recently put under emergency management, said in a notice its competitive note sale scheduled for this week was canceled due to the impending blizzard.
German Finance Minister Wolfgang Schaeuble once again ruled out a debt haircut for Greece on Monday after leftist leader Alexis Tsipras was sworn in as prime minister of a new hardline, anti-bailout government that wants to face down international lenders. "There's no question of a debt haircut," Schaeuble told ARD television. "Greece isn't overburdened by its debt servicing." Schaeuble said the euro zone wants to continue its bailout program for Greece.
WASHINGTON (AP) — The chairman of the Senate Armed Services Committee says critics of U.S. foreign policy are disparaging the movie, "American Sniper" and denigrating the memory of Chris Kyle, the U.S. serviceman depicted in the film.