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This Patent Portfolio "Dream Team" Just Got Even Better

When we recommended micro-cap tech play eOn Communications Corp. (NasdaqCM: EONC) last month, we told you to expect a pretty wild ride.

And that’s just what we’ve seen…

  • Featured Story

    Debt Ceiling News Today: What the "Clean" Deal Means for the U.S. Economy

    John_Boehner

    Debt ceiling news 2014: The House of Representative passed a one-year extension to the United States' debt limit on Tuesday evening.

    Sen. Majority Leader Harry M. Reid (D-NV) has already said he would pass the bill, although Sen. Ted Cruz (R-TX) may demand a 60-vote threshold on the deal. With U.S. President Barack Obama's signature, the nation would no longer face the threat of defaulting on its debt of $17.2 trillion within the next couple of months.

    The deal passed by a narrow vote, 221 to 201, with just 28 Republicans supporting a "clean" extension of the country's borrowing power.

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  • increasing the debt ceiling

  • How this U.S. Debt Ceiling Tactic Could Backfire on GOP Fight touch gloves Republicans begrudgingly agreed to higher tax rates for the wealthy in the fiscal cliff deal, so now they plan to fight harder to get their way with spending cuts by using a major economic concern as leverage: the U.S. debt ceiling.

    The federal government officially surpassed the $16.4 trillion debt ceiling on Dec. 31 but accounting tricks will keep the government functioning for about two months, to the end of February. That's when Washington will have to raise the limit or it will see a repeat of the debt ceiling crisis the country endured in the summer of 2011.

    This is where the GOP sees a major opportunity.

    In order to force Democrats to approve more drastic spending cuts, Republicans will threaten to deny raising the U.S. debt ceiling, no matter how high the immediate cost to the U.S. economy.

    "Our opportunity here is on the debt ceiling," Sen. Pat Toomey, R-PA, said on MSNBC after thefiscal cliff deal was reached. "We Republicans need to be willing to tolerate a temporary, partial government shutdown, which is what that could mean."

    But that strategy might not work out as planned.

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  • Why the U.S. Debt Ceiling Debate is a Bigger Deal than the Fiscal Cliff With the fiscal cliff deal behind us at last, the next big battle in Washington will focus on the U.S. debt ceiling, and the stakes are high.

    The United States officially hit the $16.394 trillion U.S. debt ceiling Dec. 31. The debt now stands at about 73% of U.S. gross domestic product and will continue to rise over the next decade without major spending reforms.

    Now the U.S. Treasury Department has decided to employ what Treasury Secretary Timothy F. Geithner calls "extraordinary measures" in the next two months to avoid actually defaulting on debt. Those measures include temporarily stopping the reinvestment of federal employees' retirement account contributions into short-term government bonds as well as other steps to discontinue debt issuance.

    The new deadline for resolving the debt ceiling issue looms at the end of February, giving Congress little time to regroup after partly resolving the fiscal cliff.

    "Do not forget that the fiscal cliff is only one of three upcoming problems in our ongoing fiscal madness," Money Morning Chief Investment Strategist Keith Fitz-Gerald said. "There's still the debt ceiling, sequestration and the complete lack of a budget to contend with. In other words, it's on to the next crisis now."

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  • U.S. Debt Ceiling: Forget Fiscal Cliff with the Real Issue Still Ahead The nation's attention has been captured by the bitter and so far unfruitful fiscal cliff negotiations between U.S. House Speaker John Boehner, R-OH, and U.S. President Barack Obama.

    But this is a sideshow.

    The real issue is Boehner's attempt to tie the U.S. debt ceiling to fiscal cliff deal making.

    The United States is getting close to its borrowing limit. The U.S. debt ceiling must be increased if the United States government is to be able to borrow enough money to pay its bills.

    As of Monday, Dec. 17, the U.S. government was about $63 billion shy of its borrowing limit, currently set at $16.394 trillion under the 2011 agreement that led to today's fiscal cliff negotiations. The government is likely to hit that limit by the end of this month.

    Boehner has offered to extend the debt limit for a year in order to make a deal to avoid the fiscal cliff. But he wanted something huge in return.

    "Any debt limit increase would require cuts and reforms of a greater amount," said Boehner spokesman Brendan Buck.

    President Obama counter-offered asking for a deal that would raise the debt limit high enough so it would not be revisited until after the 2014 midterm elections. The GOP has yet to deliver a response.

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