Consumers Face Fiscal-Cliff As Tax-Refund Sugar-High Fades

Another Poor, Tailing 20Y Auction: Is This One Of The Last Ones The week's lone coupon auction took place at 1pm and amid speculation of fireworks at the next Treasury Refunding Announcement in two weeks, when Citi is confident Bessent could announce the end of 20Y auction, it could very well be one of the last sales of 20Y paper for the US. The auction, as most recent 20Y sales, was mediocre: it stopped at a high yield of 5.469%, the highest on record for the tenor, up 49bps from September,...

LA Does Not Love LA Authored by Arthur Schaper via American Greatness, Rolling down Imperial Highway Sweet Nasty Redhead on my side Santa Ana winds blowing hot from the north We were born to ride. I love Randy Newman, and I love his signature song "I Love LA." When he won the mayor's race in 2001, James Hahn played that anthem to celebrate his victory. From city attorney to mayor, Hahn worked to ensure some decency and competence in the city. Fast forward to today, and Los Angeles is a hollowed-out, burned-out, blown-out shell of what...

Guilfoyle Hit With Defamation Suit By Donor Behind $100,000 Amex Allegations Trump donor Eric Deters has sued Kimberly Guilfoyle and her lawyers for defamation, escalating the dispute over an alleged $100,000 American Express payment request that preceded her departure as U.S. ambassador to Greece. Deters announced in a Thursday Facebook post that he filed in Kentucky state court. The defendants include attorneys Jesse Binnall and David M. Schwartz, CBS News reported. Deters had previewed the lawsuit in a CNN interview Monday, accusing Guilfoyle's camp of falsely dismissing his text messages as fabricated, branding...