Editorial by Economist and FISM Founder Dan Celia Massive stimulus to support the U.S. economy through the coronavirus crisis will cause the Treasury to borrow a record $3 trillion this quarter. Earlier this week, the Treasury Department announced the total, which is actually $2.999 trillion, and said, “The increase in privately-held net marketable borrowing is […]

The United States will provide $225 million in emergency aid to Yemen to support food programs, U.S. Secretary of State Mike Pompeo said on Wednesday, as aid groups there are forced to scale down operations due to Houthi interference and amid a spreading coronavirus outbreak. “This assistance will provide the U.N. World Food Program’s emergency […]

Treasury Secretary Steven Mnuchin on Monday said bipartisan discussions are underway over whether more U.S. government relief funding is needed amid the nation’s novel coronavirus outbreak, but that President Donald Trump is focused on taxes and travel. In an interview on Fox Business Network, Mnuchin said the Trump administration was prepared to back additional coronavirus […]