Newsletter Archive

January 2023

6 Million Jobs Could Be Lost With Debt Default

Happy Monday — or maybe not, given that tax filing season starts today. FYI, tax day this year will be Tuesday, April 18, because April 15 falls on a Saturday and Emancipation Day, a holiday in the District of Columbia, falls on Sunday but…

Plus: Plus: Will Biden negotiate on the debt limit?

Yellen Warns of 'Global Financial Crisis'

Happy Friday! President Joe Biden celebrated two years in office today and previewed part of his possible reelection message, telling a bipartisan gathering of mayors at the White House that his administration’s agenda is working. Biden…

Plus: Plus, another $2.5 billion in military aid to Ukraine

US Hits Its Debt Limit: Now What?

Happy Thursday! This Washington Post story about an Alabama farmer who secretly paid strangers’ pharmacy bills for years might brighten your day a bit. Check it out after you read the rest of this newsletter about the latest debt limit…

Plus: Plus, Americans' worsening views of the health care system

$31.4 Trillion: The Debt Limit Fight Starts Now

Good Wednesday evening. Here’s what we’re watching while we wait for official word from the Treasury Department that it is beginning to employ “extraordinary measures” to avert a debt default.

Plus: Plus: Why 2.6 million workers are still sitting on the sidelines

Biden and McCarthy Square Off Over the Debt Limit

Happy Tuesday! President Joe Biden is still dealing with the politically damaging fallout from the discovery of classified documents at his house and former office. As that drama plays out and House Republicans gear up for a slew of other…

Plus: Plus: the mess at the IRS

US Will Hit Debt Limit Next Week, Yellen Says

Treasury Secretary Janet Yellen provided a scary message today that’s utterly appropriate for Friday the 13th. Here’s what you should know.

Plus: Plus: A $34,000 boost for House members

Can Congress Avert a Debt Limit Crisis?

Good Thursday evening! Attorney General Merrick Garland today appointed a special counsel to lead the Justice Department’s investigation into the handling of classified documents found at the home and former office of President Joe Biden…

Plus: Plus: Inflation drops to lowest in more than a year

US Could Soon Hit $31.4 Trillion Debt Limit

Happy Wednesday! Here’s what we’re watching while waiting for Thursday morning’s inflation report.

Plus: Plus: Taxpayer Advocate sees progress at the IRS

House Republicans Go to War With the IRS

The new Republican-led House wasted no time demonstrating where its priorities lie. On Monday night, it passed a controversial rules package and a bill calling for the repeal of billions in funding for the Internal Revenue Service provided…

Plus: Plus: Q1 deficit climbs to $418 billion

House Republicans' Next Big Fight

Happy Monday! Last week’s congressional drama is finally over. This week’s congressional drama is about to begin. Here’s what you need to know while waiting for the college football championship game to start.

Plus: Plus: Republicans’ IRS cuts would cost $114 billion

McCarthy Closes In on a Win

Happy Friday! This week’s long fight for the House speaker’s gavel appears to be nearing an end. Rep. Kevin McCarthy (R-CA) finally has momentum, if not yet victory. But let’s take a moment to commemorate the two-year anniversary of the…

Plus: Plus: ‘Goldilocks’ jobs report boosts hopes for soft landing

McCarthy’s Losing Streak Hits 10

Good Thursday evening! Rep. Kevin McCarthy (R-CA) failed for a third straight day to secure the votes he needs to be named speaker of the House. Here’s the latest.

Plus: Plus: Greenspan sees recession ahead

McCarthy Goes 0 for 6

It’s day two of House Republican drama and dysfunction. Here’s what you should know.

Plus: Plus: the Fed's inflation fight

December 2022

The Final Vote of the 117th Congress

What a year it has been! Thanks for reading and for all your feedback. We’re off next week but will be back in your inboxes in 2023. Until then, we wish you happy holidays and a happy, healthy and safe new year.

Plus: Plus: The IRS delays its new $600 gig-tax rule

$1.7 Trillion Omnibus Speeds Toward the Finish Line

We hope you’re having a good Thursday even as a brutal winter storm bears down on most of the country and disrupts the travel plans of millions. Here’s what we’re watching while hoping Santa doesn’t get delayed.

Plus: Plus: A boost to third-quarter GDP

Spending Bill Hits ‘Airing of Grievances’ Stage

Good evening! Three hundred days after Russia began its assault on Ukraine, Ukrainian President Volodymyr Zelenskyy visited Washington, D.C. today, sitting down with President Joe Biden at the White House before holding a joint news…

Plus: Plus: another $1.85 billion in aid for Ukraine

A $4 Billion Oil Win for Biden?

Happy Monday! The 117th Congress is working to wrap up its business before the holidays. Today, that meant the House Select Committee investigating the January 6, 2021 attack on the Capitol held its final public hearing and voted to refer…

Plus: Plus: Getting close on the omnibus

Next Week Will Be a Doozy

Welcome to the weekend! Sunday’s World Cup final between Argentina and France could be the biggest sporting event in television history. It is expected to draw a record-breaking audience of more than a billion viewers on television and…

Plus: Plus: Trouble brewing in the House in 2023?