As the deal between House Speaker Kevin McCarthy and the Biden White House over raising the debt ceiling inches toward approval, let’s take a look at the scoreboard and see who won and who lost. (Hint: Democrats should be happier than Republicans.) But despite the hard fighting, the deal only slightly reduces the nation’s large […]

It’s rare to see a change in government policy produce a quick response in the private sector, but that’s what’s happening with the Inflation Reduction Act and, more specifically, with its provisions to spur a transition to cleaner energy in order to minimize the warming of the planet. Nonetheless, Republicans are still trying to limit […]

The debate about raising the federal government’s debt ceiling has – and will continue to be – centered on the expenditure side of the fiscal ledger. But a report on Tuesday from the Congressional Budget Office sheds considerable light on impact of the Republican plans for federal revenues – and it’s not a pretty picture. […]

The debate about raising the federal government’s debt ceiling has – and will continue to be – centered on the expenditure side of the fiscal ledger. But a report on Tuesday from the Congressional Budget Office sheds considerable light on impact of the Republican plans for federal revenues – and it’s not a pretty picture. […]

The Fed raised interest rates Wednesday by 0.25%, its tenth consecutive increase, but signaled that it might pause as it awaits further signs as to the direction that the economy might take. The Fed’s rapid pace of hiking interest rates is the fastest tightening cycle that the central bank has undertaken in modern history. That […]