Newsletter Archive

May 2022

Congress Boosts Ukraine Aid to $40 Billion as Dems Delink Covid Money

Congressional Democrats are reportedly moving to hold a House vote as soon as Tuesday on a nearly $40 billion aid package for Ukraine that would delink assistance to the war-torn nation from $10 billion in additional Covid pandemic funding.

Plus: Plus, tax revenues at a record rate

The Strongest Jobs Streak Since 1939

TGIF! We’re wishing all the moms out there a very happy Mother’s Day on Sunday. Here’s the latest.

Plus: Plus, a Dem push to fund the police

The U.S. Hits a Tragic Covid Milestone

The Covid death toll in the United States has topped 1 million, according to NBC News, which calls the number “a once unthinkable scale of loss” that’s equivalent to the population of San Jose, California, the 10th largest city in the…

Plus: Plus, a bipartisan push to restore a business tax break

The Biggest Interest Rate Hike in 20 Years

Happy Star Wars Day, and may the fourth be with you! The Federal Reserve showed off its own force today, raising its benchmark interest rate by half a percentage point — the first such hike since 2000 — and signaling that additional…

Plus: Plus, Biden touts falling deficiti n fight against inflation

Will the Supreme Court Leak Upend Dems’ Agenda?

Hope you’ve had a good Tuesday. The political landscape changed dramatically last night after Politico reported that a draft of a Supreme Court majority opinion would strike down Roe v. Wade. The court on Tuesday confirmed the authenticity…

Plus: Or will Joe Manchin?

The National Debt Might Actually Shrink This Quarter

Happy Monday! The Met Gala, the biggest night in fashion, is tonight and … well, we’ve got absolutely nothing to say about it. The event we’ll likely be watching most intently this week is the Federal Reserve’s policy meeting, as the…

Plus: Plus, the Fed's risky path

April 2022

Dems' Dilemma on Lowering Gas Prices

Happy Friday! Here’s your fiscal news update to close out the week.

Plus: Plus, a watchdog's warning on Medicare Advantage

Biden's Massive Ukraine Aid Request

President Joe Biden on Thursday asked Congress for $33 billion in emergency military, economic and humanitarian assistance to Ukraine, urging lawmakers to quickly provide additional support for the country as it fights Russia’s invasion…

Plus: Plus, the economy shrank over the first quarter. Now what?

Three Funding Battles Looming in Congress

Happy Wednesday! Did you see Ja Morant’s massive dunk last night? Here’s what’s happening today.

Plus: Plus, Boeing's money-losing Air Force One deal

Democrats Do the Manchin Mambo

Good Tuesday evening. Here’s what we were up watching instead of seeing Man City top Real Madrid in what was apparently a seven-goal thriller.

Plus: Plus, the F-35's troubles continue

Pot Taxes Giving States a Revenue High

Guess who's back? Lawmakers return to Capitol Hill this week. Here's a preview of what's sure to be a busy couple of months ahead.

Plus: Plus, Dems face a ‘make or break moment’

234,000 Covid Deaths Could Have Been Prevented: Report

Happy Thursday! We’ll be back in your inbox next week. Until then, here’s the latest. As always, send your thoughts and feedback to yrosenberg@thefiscaltimes.com.

Plus: Plus, Biden announces $1.3 billion more in aid to Ukraine

Biden’s Latest Inflation Worry

The Justice Department on Wednesday announced criminal charges against 21 people who allegedly schemed to defraud the government of Covid-19 relief money and other pandemic-related scams, including offering fake cures, selling fake…

Plus: Plus, feds charge 21 people with $150 million in pandemic-related fraud

A Worsening Economic Outlook

President Joe Biden is traveling coast to coast this week to tout the bipartisan infrastructure bill he signed into law last November. Biden hit Portsmouth, New Hampshire on Tuesday, where the state’s only deep water harbor was awarded $1…

Plus: Plus, Warren's plan to avoid a Democratic election disaster

The Tax Rates of America's Top Earners

Good evening. We’ll be back in your inbox on Tuesday, so we’re taking this opportunity to wish you all a happy Easter and Passover! Now, let's get to it.

Plus: Plus, ending Medicare and Social Security would hurt GOP, Dem poll finds

Biden Admin Extends Covid Public Health Emergency

Happy Wednesday! Suspected Brooklyn subway shooter Frank James was arrested today. Here’s what else is going on.

Plus: Plus, another $800 million in military aid for Ukraine

Have We Hit Peak Inflation?

A disturbing and sad day here in New York, where 10 people were shot and dozens more were injured in a morning attack at a Brooklyn subway station. The incident reportedly is not being investigated as a terrorist act. The suspect remains…

Plus: Plus, the deadliest year in U.S. history

US Deploying Patriot Missiles in Ukraine Arms Swap

A glorious spring Friday, though many lawmakers in Washington probably missed it since Congress has headed home for a two-week recess. The bright sunlight put a glossy shine on the outdoor celebration held by President Joe Biden and Vice…

Plus: Plus, millions of lives saved by vaccines

Covid Takes Another Bite Out of US Life Expectancy

A big day for President Biden and Democrats. The Senate voted 53-47 to confirm Ketanji Brown Jackson as the first Black woman to sit on the Supreme Court. Three Republicans — Sens. Susan Collins (ME), Lisa Murkowski (AK) and Mitt Romney …

Plus: Plus, billions in aid for restaurants?