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S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations"

S&P Slashes New Orleans' Credit Rating On "Structurally Imbalanced Operations" New Orleans, home to Mardi Gras and muffulettas, has been governed by Democrats for decades, so it should come as little surprise that S&P Global Ratings has slashed the city's obligation rating to the third-lowest level of investment grade and placed it on a negative outlook. S&P Global Ratings cut New Orleans' general obligation rating by one notch to BBB+ with a negative outlook, citing structurally imbalanced finances, shrinking reserves, and growing reliance on one-time desperate measures to meet cash needs. "The...
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Mar 23, 2026 / Dave DeCamp
‘Unprecedented’ US-Israeli Strikes Reported in Tehran Despite Trump’s Talk of Diplomacy
An Al Jazeera correspondent based in Tehran reported “unprecedented” US-Israeli strikes on the Iranian capital on Monday despite President Trump’s insistence that progress was being made toward a diplomatic solution, a claim Iranian officials have rejected. The Israeli Air Force announced that it was conducting a “wave” of airstrikes across Tehran and that it bombarded […]
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Feb 28, 2026 / Tyler Durden
Economic Sentiment Belies Strong Economic Estimates
Economic Sentiment Belies Strong Economic Estimates Authored by Lance Roberts via RealInvestmentAdvice.com, Economic growth metrics for the United States have recently shown surprising resilience; however, consumers’ economic sentiment has not. According to the Bureau of Economic Analysis’s advance estimate, real Gross Domestic Product expanded at an annualized rate of just 1.4%, well below expectations and a steep drop from the 4.4% pace in the third quarter. However, the record-long federal government shutdown, which ran from October 1 through November 12, subtracted roughly 1 full percentage point from growth, as federal outlays plunged...
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Apr 1, 2026 / Tyler Durden
Trump Drops By Supreme Court To Hear Challenge To Birthright Citizenship Order
Trump Drops By Supreme Court To Hear Challenge To Birthright Citizenship Order Update (0950ET): President Trump dropped by the Supreme Court on Wednesday for oral arguments in the high-profile Trump v. Barbara challenging his executive order restricting birthright citizenship - making him the first sitting US president to attend Supreme Court oral arguments.  BREAKING President Trump has just arrived at the Supreme Court as the Justices hear oral arguments in the Birthright Citizenship case. pic.twitter.com/gc1jUdclki — Conservative Brief (@ConservBrief) April 1, 2026 The line has already formed outside of the Supreme Court for Wednesday’s oral arguments in Trump v. Barbara,...
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