Newsletter Archive

July 2022

White House Braces for Another Scorching Inflation Report

Good Tuesday evening. The House select committee investigating the January 6 insurrection held another public hearing today and sought to connect former President Donald Trump to the extremist groups that attacked the Capitol.

Plus: Plus, health insurers eye rate increases

Democrats Are Abandoning Joe Biden

Happy Monday! Congress is back — though definitely not better than ever. Speaking of better, Democrats will be racing to finish a scaled-back version of their Build Back Better plan, though that name has been dropped. We’ve seen the new…

Plus: Plus, crunch time for Schumer and Manchin

No Sign of Recession as Job Market Stays Hot

The assassination of former Japanese Prime Minister Shinzo Abe shocked the world. President Joe Biden said in a statement Friday morning that he was "stunned, outraged, and deeply saddened" by the tragic shooting. Biden on Friday also…

Plus: Plus, California will make its own insulin

Dems Reach Deal to Extend Medicare Solvency

A news-packed Thursday: UK Prime Minister Boris Johnson was forced to resign, the IRS asked a watchdog to investigate how two former FBI leaders who clashed with former President Donald Trump came to face intensive audits, and legendary …

Plus: Plus, $1 billion to upgrade U.S. airports

A New Low for All Three Branches of Government

Now that the July 4th fireworks have flamed out, the pollsters at Gallup are providing some details about how Americans’ confidence in our major institutions has fizzled over the past year.

Plus: Plus, GOP states ramp up efforts to use pandemic aid for tax cuts

June 2022

Inflation Battle Is Getting Tougher, Fed Chief Warns

Happy Wednesday! On this date in 1767, the Associated Press reminds us, "Britain approved the Townshend Revenue Act, which imposed import duties on glass, paint, oil, lead, paper and tea shipped to the American colonies. (Colonists…

Plus: Plus, Dems working on 'more business friendly' tax plan

A Warning Sign for the Economy?

The momentous news Tuesday came out of the House select committee investigating the January 6 attack on the Capitol. Cassidy Hutchinson, who served as an aide to former White House Chief of Staff Mark Meadows, testified that President…

Plus: Plus, $8 billion worth of earmarks in 2023 House spending bill

Social Security Benefits Set for a Huge Boost

Happy Monday! "Top Gun: Maverick" has reportedly become the first Tom Cruise movie to top $1 billion in global box office receipts. But we feel the need, the need for fiscal news. (Cut us some slack. It’s Monday.)

Plus: Plus, how the Fed's rate hikes are raising the cost of the national debt

Landmark Gun Bill Has Billions for Mental Health

A momentous Friday as the Supreme Court announced that it has overturned Roe v. Wade, the 1973 decision that established the constitutional right to abortion. "We hold that Roe … must be overruled. The Constitution makes no reference to…

Plus: Plus, vaccines saved millions of lives

Biden Admin Agrees to Cancel Billions in Student Debt

Happy Thursday! The Senate cleared an important hurdle today on a bill containing major gun reforms, even as the Supreme Court issued a ruling that will make it easier for millions of Americans to arm themselves in public. Here’s what…

Plus: Plus, more aid for Ukraine

Gas Tax Holiday Arrives With a Thud

Hope you’re having a good Wednesday! Things are jumping in Washington as lawmakers rush to finish up some key priorities before the July 4 recess begins at the end of the week. There’s news on the gas tax holiday, insulin prices and more…

Plus: Plus, IRS backlog soars

10% Unemployment? Larry Summers’ Dire Warning

Welcome back to a short but busy week! President Joe Biden says he could announce within a few days his decision on a potential federal gas tax holiday, while Senate negotiators are trying to reach an agreement on legislation aimed at…

Plus: Plus, Mark Cuban's generic drugs could save Medicare billions

Recession ‘Not Inevitable,’ Biden Says

Welcome to the weekend! We’ll be back in your inbox on Tuesday after celebrating Juneteenth on Monday. Here’s what’s happening.

Plus: Plus, White House revisits gas rebate card idea

100 Million Americans Have Medical Debt

Good evening. The House select committee investigating the January 6 insurrection held another public hearing today, offering evidence that former President Donald Trump was told that his plan to have Vice President Mike Pence overturn the…

Plus: Plus, Senate adds $45 billion to Biden’s record defense budget

The Biggest Rate Hike Since 1994

The Federal Reserve stepped up its fight against inflation Wednesday, announcing what Fed Chair Jerome Powell acknowledged was an “unusually large” interest rate hike. Powell also acknowledged that the path to a “soft landing” that steers…

Plus: Plus, Biden slams oil companies for high gas prices, profits

White House Considering Gas Tax Holiday: Report

Happy Monday! We’ve got a big week ahead, with the Federal Reserve expected to raise rates again on Wednesday. The question is by how much? The House Appropriations Committee will also be starting to mark up the 12 annual spending bills on…

Plus: Plus, will the Fed raise rates more than expected?

Biden Slammed With Another Awful Inflation Report

Consumer prices rose at an annual rate of 8.6% in May, the Bureau of Labor Statistics announced Friday, as inflation hit the fastest pace in 40 years. On a monthly basis, prices rose by 1%, more than triple the 0.3% month-over-month rate…

Plus: Plus, Biden scraps Trump's planned Air Force One paint job