Banking and Monetary Policy

Important Debt Ceiling Update

President Obama just announced late this evening that a deal has been reached to cut government spending and raise the debt ceiling in order to avoid a debt default. If the deal is approved on Monday, it will raise the debt ceiling by between $2.1 and $2.4 trillion in three …

Legislative

SOCKDOLAGER—A Tale of Davy Crockett, Charity and Congress

A “sockdolager” is a knock-down blow. This is a newspaper reporter’s captivating story of his unforgettable encounter with the old “Bear Hunter” from Tennessee. From “The Life of Colonel David Crockett”, by Edward S. Ellis (Philadelphia: Porter & Coates, 1884) CROCKETT was then the lion of Washington. I was a …