Newsletter Archive

June 2024

Biden Admin Lowers Prices on Dozens of Drugs

Happy Wednesday. The leading presidential candidates are preparing for their big debate tomorrow night, and most Americans say they plan to watch. Here's what we're watching in the meantime.

Plus: Plus, problems at the IRS

House Republicans Release Plan to Cut FBI Funding

Happy Tuesday! The Philadelphia Phillies last night turned a triple play — and did so in a fashion that hasn’t been seen in 95 years. They also just happen to have the best record in baseball.

Plus: Plus: Judges halt Biden’s student debt plan

Trump Ran Up National Debt Twice as Much as Biden: Report

Good evening! Thursday’s debate between President Joe Biden and former President Donald Trump will dominate the news this week, though the Supreme Court is also set to hand down some major decisions as the current term nears an end — and…

Plus: Plus: House Republicans push ahead with spending plans

Senate Republicans Offer Bill to Exempt Tips From Taxes

Happy Friday! The summer solstice arrived yesterday at 4:51 p.m. ET, so how was your first full day of summer? We spent ours looking for fiscal news, just for you.

Plus: Plus: The big businesses driving drug prices higher

A Trump Win Would Mean Higher Inflation, Recession Risk: Moody’s

Good Thursday evening! It’s too hot out for us to think of anything clever to draw you into the newsletter, but we’ve got plenty of fascinating fiscal content to share. So let's get to it.

Plus: Plus: SCOTUS dodges a preemptive challenge to wealth tax

CBO Jacks Up Deficit Forecast 27% to Nearly $2 Trillion

Happy Tuesday! There’s a new company holding the title of the most valuable in the world. The market capitalization of semiconductor giant Nvidia today rose to about $3.3 trillion, overtaking Microsoft and Apple and highlighting the…

Plus: Plus: How Trump's tariffs would hit families

Trump’s Plan to End Taxes on Tips Could Cost $250 Billion

Donald Trump’s proposal to exempt tips from being taxed as income would cost the federal government $150 billion to $250 billion over 10 years, according to an analysis released Sunday by the Committee for a Responsible Federal Budget.

Plus: Plus: IRS takes aim at a $50 billion loophole for wealthy taxpayers

House Republicans Pass Defense Bill Packed with Culture War Policies

Donald Trump turns 78 years old today and reportedly plans to celebrate tonight with an appearance before a fan group in West Palm Beach, Florida. Trump, the presumptive 2024 Republican presidential nominee, would be the oldest president…

Plus: Plus: Trumpflation?

Trump Promises CEOs Another Tax Cut

Happy Thursday! President Joe Biden and other leaders of the G7 nations met in Italy today and agreed on a plan to provide a $50 billion loan to Ukraine. And former President Donald Trump returned to Capitol Hill to meet with Republicans…

Plus: Plus: Biden lands a $50 billion loan for Ukraine

Price Hikes Ease in May, Raising Hopes in Battle on Inflation

The Consumer Price Index rose 3.3% on an annual basis in May and showed no change on a monthly basis, according to government data released Wednesday. The numbers beat analyst expectations, providing more evidence that inflation is easing…

Plus: Plus: Healthcare spending is growing faster than the economy

Surprisingly Strong US Economy Is Powering Global Growth: World Bank

Happy Tuesday! On this date in 1776, the Continental Congress formed a committee to draft a Declaration of Independence from Britain. On that panel were John Adams, Benjamin Franklin, Thomas Jefferson, Robert Livingston and Roger Sherman…

Plus: Plus: Trump’s planned end run around Congress

White House Slams Republican Tax Cut Plans

We’ve got lots to look ahead to this week. President Joe Biden, just back from his trip to France to commemorate the 80th anniversary of D-Day, will head to Italy on Wednesday for a summit of the leaders of the Group of 7 nations…

Plus: Plus: Deficit hits $1.2 trillion over 8 months

Blockbuster Jobs Report Sends Mixed Message to the Fed

Good Friday evening. It has been eight months — 245 days — since the October 7 attack by Hamas on Israel and 120 hostages are still believed to be captive in Gaza as the brutal war there continues.

Plus: Plus: Biden announces $225M for Ukraine, apologizes for delay

Trump Tax Cut Extension Won't Pay for Itself: Analysis

President Joe Biden commemorated the 80th anniversary of D-Day at an event today in Normandy, France, where he sought to use the occasion to warn against a rising tide of American isolationism and urge continued support for Ukraine in its…

Plus: Plus: Congestion pricing comes to a screeching halt

House GOP Speeds Toward a New Spending Fight

The planet has reached a worrisome milestone, recording 12 straight months of record temperatures, according to the European Union’s climate monitoring service. The data came on the same day that U.N. Secretary-General António Guterres…

Plus: Plus: Extending the Trump tax cuts would make ot harder to stabilize debt, analysis finds

Biden Announces Major Border Clampdown, Minus the Funding

Happy Tuesday! President Joe Biden unveiled significant restrictions today on migrants seeking asylum at the southern border. Congress, meanwhile, was abuzz with numerous hearings, including sessions on Social Security and unemployment…

Plus: Plus: House GOP proposes IRS cuts

Biden Threatens to Veto House GOP’s New Spending Bill

Happy Monday! President Joe Biden is expected to issue an executive order tomorrow that would shut down asylum requests and allow officials to turn away migrants at the southern border once migrant encounters between ports of entry tops 2…

Plus: Plus: Where the CHIPS money is going

May 2024

Trump Guilty x 34

History was made today as Donald Trump was found guilty of all 34 felony counts in his election interference trial in New York.

Plus: Plus: House GOP preparing tax cut plans

Key Republican Calls for Massive Military Spending Surge

Happy Wednesday! The jury in former President Donald Trump’s election interference trial in New York began deliberations today and will continue tomorrow. Meanwhile, in Washington, D.C., the Smithsonian’s National Zoo announced it will…

Plus: Plus: Your Wednesday news roundup