With the government's budget deficit rising, the Treasury Department announced Monday that it expects to borrow $441 billion in the current January-March quarter, the largest amount in eight years. The Treasury said this figure compares to actual borrowing of $282 billion in the October-December quarter. It will be the largest borrowing need since the government borrowed $483 billion in the January-March quarter of 2010, a period when the government was using stimulus spending to try to lift the country out of the Great Recession and provide support to the banking system after the worst financial crisis in seven decades.
One year into Tom Perez's project to save the Democratic National Committee from complete collapse, officials are beginning to dig out of the hole left by Debbie Wasserman Schultz's mismanagement, Barack Obama's indifference, Russian hacking and the bitter rivalry between Hillary Clinton and Bernie Sanders capped by accusations of election rigging.
But going into a midterm election that should be the Democrats' to lose, the DNC is still struggling to bring its factions together and assert itself. Throw into the mix powerful super PACs, the much-better-funded party committees focused on Congress and governors, and more independent voters than ever, and many wonder whether the DNC has a place at all anymore. read more