Newsletter Archive

June 2021

Cracks Already Forming in Biden’s Big Infrastructure Deal

Less than 24 hours after President Joe Biden stood on the White House driveway with a bipartisan group of senators and announced a roughly $1 trillion agreement on an infrastructure package, the deal is teetering amid accusations of…

Plus: Plus, the IRS is staffing up

Deal! Biden Agrees to Bipartisan Infrastructure Package

President Joe Biden and a bipartisan group of 10 centrist senators announced Thursday that they had reached an agreement on a long-sought package to invest hundreds of billions of dollars in the nation’s transportation, water and broadband…

Plus: Plus, why the deal still has a long way to go

Yellen Warns Debt Ceiling Failure Would Be ‘Catastrophic’

Treasury Secretary Janet Yellen told lawmakers Wednesday that they must raise or suspend the debt limit before August 1 or risk incurring “absolutely catastrophic economic consequences.”

Plus: Plus, government health coverage nearly matches private insurance

Huge Boost to the Economy Is About to Fade

The multiple relief packages enacted by Congress flooded the U.S. economy with cash, providing much-needed liquidity as the Covid-19 pandemic sharply reduced activity in multiple sectors including travel, hospitality, dining and…

Plus: Plus, the ‘crazy’ cost of the new Alzheimer’s drug

Medicaid Enrollment Surges to New High

A record high of nearly 74 million people were enrolled in Medicaid at the beginning of 2021, the Centers for Medicare and Medicaid Services announced Monday. Including minors enrolled in the Children’s Health Insurance Program, which…

Plus: Plus, is this finally infrastructure week?

Supreme Court Rejects GOP Effort to Overturn Obamacare

The Supreme Court announced Thursday that it has rejected a lawsuit filed by a group of Republican-led states and the former Trump administration that sought to overturn the Affordable Care Act, commonly known as Obamacare.

Plus: Plus - Bipartisan infrastructure plan gets a boost

Rate Hikes May Come Sooner Than Expected, Fed Says

The Federal Reserve announced Wednesday that it was keeping interest rates near zero for now but indicated that it may raise rates sooner than previously expected in response to strong growth and rising inflationary pressures.

Plus: Plus - Yellen says it's time to go big

Bernie Sanders Leads Liberal Rebellion Against Infrastructure Deal

The $974 billion infrastructure proposal offered by a bipartisan group of senators faces growing resistance in Washington, making it more likely that Democrats will go it alone and pass a package without any Republican support.

Plus: Plus, extraordinary delays in the budget process

Democrat Floats ‘Patriot Tax’ on the Wealthy

The sales pitch has started for the bipartisan infrastructure bill negotiated by 10 senators. Closing a deal with the White House and fellow lawmakers won’t be easy.

Plus: Plus, why the infrastructure deal will be a hard sell

Biden Returns $2 Billion in Trump Border Wall Money to Pentagon

The White House said Thursday evening that it had been briefed on the infrastructure agreement emerging from a bipartisan group of 10 senators but had questions about the details of the deal, leaving it unclear whether President Joe Biden…

Plus: Plus, will Biden back the Senate infrastructure deal?