Accuracy in Media

That’s not comforting news, at all: Household debt increased by $51 billion in the fourth quarter of 2015, and now totals $12.12 trillion, or more than $40,000 per household, according to a report from the Federal Reserve Bank of New York. This level of debt is 4.4 percent shy of the record-high household debt of […]

The Free Beacon reported: Less than a year away from the 2016 election the Democratic National Committee fell further into debt by spending nearly a million dollars more than it raised through fundraising last month, according to the committee’s most recent election filing. The DNC disclosed late Friday night that it spent $5.25 million in the past month […]

WASHINGTON — Argentina may have to repay its investors for defaulting on their sovereign bonds back in 2002, if a U.S.-based court case goes the investors’ way. Reuters reported that the Argentine government criticized U.S. judge for his decision in Argentina’s debt case. Thomas Griesa, the U.S. district court judge, said that Argentina has to […]

WASHINGTON — Looks like U.S. President Barack Obama may have his bluff called, but by the American people. A New York Times/CBS poll showed that the American people want a compromise and a negotiation, which Obama said he would not do. 61% of Americans polled said they want Obama to compromise with the Republicans. Obama has […]

WASHINGTON — Greece may not need another bailout, announced Greece’s deputy prime minister on Wednesday. Reuters reported that Greece does not require a third bailout package and could possibly cover its financial needs without requiring more outside funding. Evangelos Venizelos, who doubles as a foreign minister in the government, is confident that Greece will not […]

WASHINGTON — U.S. President Barack Obama told Congress that he will not accept any proposal to defund his health care law, known as ObamaCare. Reuters reported that Obama will meet with Congressional leaders before the September 30th deadline to keep the government funded. Obama kicked the can down the road to Capitol Hill, with White […]

WASHINGTON — The Chinese economy is supposedly in recovery mode, but the country’s biggest retailers are doubting the government data and has analysts worried that it could revert to a recession. Reuters reported that consumers were not going out in droves and buying at major Chinese retailers, and retailers are not selling as much as […]

WASHINGTON — In another pivot to another issue, U.S. President Barack Obama is focusing on college tuition costs. Reuters reports that his plan, announced Thursday, was to rate colleges and universities according to their bang for their buck. Based on these ratings, the government assigns federal aid to students that need loans and makes up […]

WASHINGTON — Banking seems to be on the outs in Europe as the financial crisis continues to deepen. Reuters reported that banks cut 5,500 branches across the European Union last year, which accounted for 2.5% of the total number of banks. Since 2008, 20,000 banks now operate on the continent. Still, 2011 had more bank […]

WASHINGTON — Greece, with the aid of Europe, has beaten its fiscal targets for the first seven months of the year. Reuters reports that Greece, which has one of the largest debt burdens in the world, was helped by the euro zone central banks and European Union funds. The Greek government reported a budget surplus […]