FROM Matthew Murray
Should States Declare Bankruptcy? The federal deficit is disturbing, but Washington can print money. The states have to balance their budgets, and the total of shortfalls around the country is at $82 billion. Nobody wants to raise taxes, and even massive cuts aren't likely to make up the differences. As we've just heard, bankruptcy has been suggested.
Should States Declare Bankruptcy? The federal deficit is disturbing, but Washington can print money. The states have to balance their budgets, and the total of shortfalls around the country adds up to $82 billion. Nobody wants to raise taxes and even massive cuts, which threaten the sick, public schools and infrastructure, aren't likely to make up the differences. What about bankruptcy? Currently it's against the law, and even talking out loud might disrupt the municipal bond market. Forget about any federal bailout. The conservative movement sees a chance to shrink government once and for all. We hear which states are the worst off and how their decisions might shape the United States for years to come.
Will the GOP weather the storm with Trump or jump ship? Breitbart news claims that the GOP "establishment" has it's knives out" for President Trump, but Republicans in Congress are mostly supportive… at least in public. We look at whether that's likely to last.
The free-flowing leaks in the Trump White House President Obama tried to clamp down on leakers, but the Trump Administration is besieged almost as never before. Are the "anonymous sources" partisans or worried professionals? Are they endangering the republic or performing a public service?
What is Trump's plan for Middle East peace? On his first foreign tour, President Trump has promised "peace" between Israel and the Palestinians. Are there any details for re-starting talks that have been stalled for the past three years?
Trump fires FBI Director James Comey Vice President Mike Pence took the Administration's lead today in explaining why the President fired the Head of the FBI, saying, "The president made the right decision at the right time." Trump's action is being compared to the so-called "Saturday Night Massacre" that led to President Richard Nixon's resignation in 1973.