Yesterday, for the first time in more than a year, the Federal Reserve Open Market Committee, which sets the nation’s benchmark interest rate, voted not to raise interest rates at a regular meeting. But that doesn’t mean the cycle of rising interest rates is over; it simply signals that the central bank is taking a […]

The economy continues to grow, unemployment is near historic lows and the stock market has shown surprising strength. So why are Americans still so grumpy? The unhappiness on the part of most Americans with the state of the economy and the country has reached shocking proportions, a development that has unfolded over several decades. One […]

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. […]