Newsletter Archive

September 2021

White House Warns of Recession if...

Majority Leader Steny Hoyer (D-MD) said Friday that the House will vote on a measure to suspend the debt ceiling next week. He did not say, however, whether the bill would be paired with a measure providing funding for the federal…

Plus: Plus, a critical House vote coming next week

McConnell Warns Yellen GOP Won’t Help Raise Debt Ceiling

Facing a potential default on U.S. debt payments in a matter of weeks, Treasury Secretary Janet Yellen called Senate Majority Leader Mitch McConnell on Wednesday to ask for his bipartisan cooperation in passing an increase or suspension of…

Plus: Plus - Tax rates tumble for high-income households

Biden Jumps Into Democrats’ Big Budget Battle

In all, Democrats will have generated what the Washington Post says is some 2,600 pages of legislative text detailing their vision for a historic revamping of the social safety net, health care and the U.S. tax system. But there’s a long,…

Plus: Plus, Democratic drug pricing plan fails a key test

A Middle-Class Tax Cut — or Is it a Tax Hike?

Just a reminder: While that’s going on, the federal government will shut down in 16 days if Congress doesn’t provide funding, and the federal debt limit also needs to be raised or suspended, though lawmakers appear no closer to agreeing on…

Plus: Plus, Covid aid saved millions from poverty

Democrats Lay Out Their Tax Hike Plans

House Democrats on Monday released a package of revenue increases that would raise roughly $2.9 trillion over 10 years to help offset the cost of President Joe Biden’s $3.5 trillion economic plan.

Plus: Plus, the Pentagon's massive spending on private contractors

Biden Defiant as Republicans Blast New Vaccine Rules

Some Republican leaders are making it crystal clear that they do not support the vaccine requirements affecting thousands of businesses and millions of workers that President Joe Biden announced on Thursday.

Plus: Plus, House takes a step toward Medicare expansion

Biden’s New Plan to Lower Drug Prices

Faced with a late-summer surge in Covid-19 infections, hospitalizations and deaths, President Joe Biden on Thursday announced a new plan to combat the virus and said he would require all federal employees to be vaccinated.

Plus: Plus, Biden to require vaccines, tests for millions of workers

Yellen Warns US on Track to Default in October

Treasury Secretary Janet Yellen issued another warning to lawmakers Wednesday: Raise or suspend the debt ceiling as soon as possible.

Plus: Plus - Top 1% evade billions in taxes

August 2021

White House Slashes Its Deficit Projection

Federal Reserve Chairman Jerome Powell indicated Friday that he expects the central bank to start pulling back its emergency support for the economy this year as the recovery from the Covid-19 crisis continues.

Plus: Plus, scaling back the Fed's stimulus