U.S. taxpayers on hook for $5.1 billion bailout of Fannie Mae, Freddie Mac

It's 2008 all over again. As part of the White House's draft budget on Monday, the Treasury Department is expected to fork over a $5.1 billion bailout to Fannie Mae and Freddie Mac. There is essentially nothing left in the coffers of the … [Read more...]

REPORT: U.S. households are borrowing to cover high spending levels

Consumer spending may be soaring, but Americans' purchases are not being financed with savings or disposable income. It is being fueled by borrowing, according to a new report by Wells Fargo. In recent months, consumer spending has been … [Read more...]

Ron Paul: E-Verify Threatens Us All

By: Ron Paul In addition to funding for a border wall and other border security measures, immigration hardliners are sure to push to include mandatory E-Verify in any immigration legislation considered by Congress. E-Verify is a (currently) … [Read more...]

Trump budget will add $5.4 trillion to national debt by 2023

During the Obama regime, the Republicans blasted the Democrats for their budget deficits, even though the Bush administration regularly posted budget deficits. Today, the GOP seems rather indifferent to President Donald Trump's spending ways. On … [Read more...]

White House releases 55-page, $1.5 trillion infrastructure spending plan

Ugh. It looks like President Donald Trump is following through on another promise: infrastructure spending. Remember the days when politicians didn't keep their campaign pledges? Those were the good old days (for the most part)! On Monday, the … [Read more...]

WATCH: Can climate models predict climate change?

A few months ago, Scott Adams, creator of the legendary character Dilbert, got into trouble for making fun of climate models. The scientific community was in uproar, and demanded that Adams apologize. Well, that didn't happen. But did he have a … [Read more...]

Ontario sheds 50k part-time jobs amid rising minimum wage

Are part-time jobs going extinct in the province of Ontario? In January, the economic engine of Canada hiked the minimum wage 20 percent to $14 per hour. In that same month, Ontario lost more than 50,000 part-time jobs - it only gained 8,500 … [Read more...]

Week in Review: February 5 to February 11

In case you missed any of this week's articles, here is a round-up of some of the most read pieces written by the Economic Collapse News staff: Correction? Dow plunges 355 points, continues last week’s sell-off Bitcoin crashes to 7k, suffers one of … [Read more...]

Sad! Bette Midler calls for violence against Rand Paul

Sad! Has-been actress Bette Midler is trying to gain relevance by advocating violence against a politician she disagrees with. Where have we seen that before? Kentucky Senator Rand Paul heroically delivered an hour-long speech on the Senate … [Read more...]

6 random things for Friday (teen unemployment, peak oil, Spacex)

News Story of the Day: why can't teenagers get jobs these days? Oh, that's easy: a higher minimum wage. According to a new study by the Mercatus Center at George Mason University, teen employment in the United States declined to its lowest level … [Read more...]