Footnote † from “The Debt Ceiling Explained”

Of course, the President doesn’t personally borrow money. Really, the Department of the Treasury, that he oversees, issues debt on behalf of the US government, and fully explaining the process by which the government issues debt in the same department that both prints new cash and collects taxes quickly leads to questions about money’s existential […]

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Thomas Cook CEO stony-faced after leaving crunch talks for £200m bailout

The video will start in 8 Cancel Thomas Cook’s CEO today emerged stony faced from crunch talks over a £200million bailout for the troubled travel agent Dr Peter Fankhauser spent his Sunday negotiating with creditors in a desperate bid to secure a deal to keep the company afloat The boss of the world’s oldest travel […]

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