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16 May 2023, 9:01 pm
House Republicans show no sign of releasing the hostages, continuing their threat to try to force the United States into defaulting on its obligations for the first time in history. [read post]
15 May 2023, 9:05 pm
(citing risk of the United States becoming known as a “deadbeat country”). [10] Neil H. [read post]
15 May 2023, 12:41 pm
At a high level, under the Inflation Reduction Act the Domestic Content Bonus Requirements are satisfied if (i) 100% of any steel or iron that is a component of the facility was produced in the United States (the “Steel or Iron Requirement”), (ii) 40% of manufactured products that are components of the facility were produced in the United States (the “Manufactured Products Requirement”), and (iii) the taxpayer certifies to (i) and… [read post]
15 May 2023, 8:23 am
It does not make it unconstitutional for the United States to run out of money. [read post]
15 May 2023, 5:30 am
[A synthesis of our prior writings on the meaning of “Office . . . under the United States. [read post]
15 May 2023, 3:55 am
Section VI considers how the phrase “Office under the United States” was used during the American Civil War. [read post]
14 May 2023, 2:31 pm
I really hope someone inside the Treasury department is gaming this out as we speak. [read post]
12 May 2023, 12:41 pm
The United States Government should consider imposing sanctions on judges to counter the erosion of democratic freedoms in Hong Kong. [read post]
11 May 2023, 6:30 am
And the politics of using a novel lawsuit to force the United States into default do not look good. [read post]
11 May 2023, 5:01 am
§ 1702(a)(1)(B), extends to “any property in which any foreign country or a national thereof has any interest by any person, or with respect to any property, subject to the jurisdiction of the United States. [read post]
10 May 2023, 12:44 pm
United States Attorney for the Eastern District of New York Breon Peace said in a statement that: Taken together, the allegations in the indictment charge Santos with relying on repeated dishonesty and deception to ascend to the halls of Congress and enrich himself. [read post]
10 May 2023, 6:06 am
Trump issued sanctions against top political figures, including Murillo, issued Executive Order 13851 in November 2018 declaring Nicaragua a national emergency threat to the United States, and ensured that the United States played a key leadership role in the Organization of American States Working Group on Nicaragua, which was tasked with finding a peaceful and sustainable solution to the ongoing crisis. [read post]
10 May 2023, 5:16 am
Third, the support can’t “adversely affect the military preparedness of the United States. [read post]
8 May 2023, 9:01 pm
The gimmick in question is called “consol bonds,” which the British government was issuing long before the United States won its independence in the late eighteenth century.With the sale of a consol bond by a government, the buyer gives that government X dollars in return for the promise to be paid y dollars every year forever. [read post]
8 May 2023, 4:33 am
The Constitution grants only Congress — not the president — the power “to borrow money on the credit of the United States. [read post]
7 May 2023, 9:01 pm
In remarks accompanying the Proposals (here), Treasury Secretary Yellen stated thatthe changes reflected in the Nonbank Designation Guidance Proposal are needed because “[t]he existing [2019] guidance created inappropriate hurdles as part of thedesignation process…It has been estimated that a designation process with thesesteps could take six years to That is an unrealistic timeline that couldprevent [FSOC] from acting to address an emerging risk to financial stability… [read post]
4 May 2023, 9:31 pm
Referencing the Supreme Court’s 2022 decision in Bruen, the judge emphasized that Illinois has failed to demonstrate that the ban is consistent with the United States’ “historical tradition of firearm regulation. [read post]
4 May 2023, 9:01 am
” The debate over raising the debt ceiling took on new urgency this week, when Treasury Secretary Janet Yellen announced that the United States might meet the ‘X-Date’ at which it defaults on its obligations as soon as June 1. [read post]
3 May 2023, 11:08 am
United States, includes an analysis that comes down squarely in favor of the better reading of Section 4, that language was arguably dicta. [read post]
3 May 2023, 6:58 am
The logic of the title goes something like this: When the United States went off the gold standard (at least domestically) in 1933, the value of our currency fell by one-quarter or one-third. [read post]
