American Bankers Attempt Last Ditch Effort To Kill Crypto Market Structure Bill Regarding Stablecoins

USPS Pauses Pension Contributions Amid Looming Cash Shortfall Authored by Bill Pan via The Epoch Times, The U.S. Postal Service (USPS) has temporarily suspended its employer contributions to a government-wide pension plan after warning Congress that, without changes, it could run out of cash within the next year. On Thursday, USPS told the Office of Personnel Management—the federal government’s human resource division—that it would pause its biweekly employer contributions to the Federal Employees Retirement System, or FERS. The move is expected to conserve about $2.5 billion through Sept. 30, the end of the...

Medicore 30Y Auction Has First Tail Since November After a solid 3Y auction and a tepid 10Y auction earlier this week, moments ago the Treasury concluded the final coupon auction of the week, when it sold $22 billion in a 30 year reopening in what was another average auction. The sale stopped at a high yield of 4.876%, virtually unchanged from 4.871% a month ago and the highest since last July. It also tailed the When Issued 4.871% by 0.5bps, the first tail since November. The bid to cover was 2.385,...

Ludwig von Mises Mises argues in Nation, State, and Economy that nationalism is compatible with economic and political liberty if it is peaceful, based on self-determination as an individual right.