Newsletter Archive

May 2023

Dems Worry Biden Is Getting Fleeced

Happy Thursday! As of this afternoon, the Senate is officially on recess until after Memorial Day, though with negotiations to raise the debt limit progressing, Senate Majority Leader Chuck Schumer warned his colleagues to be ready to…

Plus: Plus, "the stupidest thing we do"

Dems Prepare Backup Plans on the Debt Ceiling

Happy Wednesday! President Biden departed for a four-day trip to the G7 summit in Hiroshima, Japan, but before he left he expressed optimism that a debt-limit deal could be reached with Republicans.

Plus: Plus, Treasury cash balance drops

Biden and McCarthy Offer Hope for a Debt Deal

Good evening! The talks between President Joe Biden and House Speaker Kevin McCarthy over raising the debt limit are advancing to a new phase. Here’s the latest.

Plus: Plus: Extending the 2017 tax cuts would cost $3.5 trillion

McCarthy Says Debt Limit Negotiators Still ‘Far Apart’

Happy Monday! President Joe Biden is set to meet with the “Big Four” congressional leaders tomorrow. Here’s where things stand as the debt limit deadline approaches.

Plus: Plus: IRS plans to test free filing system

'Significant Risk' of Default in Early June, CBO Warns

Happy Friday! Today we learned that the sun is green, but also white, yellow, orange or red. We also got a new warning that there’s a “significant risk” that the U.S. government might soon run out of cash and be unable to pay its bills…

Plus: Plus: What's on the table in debt talks

Biden’s Debt Limit Meeting With McCarthy Postponed

Good evening! President Joe Biden’s scheduled meeting tomorrow with congressional leaders to discuss raising the debt limit has been postponed to next week to allow staff talks to continue. Meanwhile, the fallout from former president…

Plus: Plus: Trump urges Republicans to 'do a default'

The Game of Debt-Limit Chicken Heats Up

Republican Rep. George Santos of New York has been charged by federal prosecutors with 13 financial crimes, including wire fraud, money laundering, making false statements to the House of Representatives and theft of public funds…

Plus: Plus: Inflation eases for 10th straight month

McCarthy Paints Dire Picture of Debt Talks

What a day! President Joe Biden met this afternoon with the “Big Four” congressional leaders, including House Speaker Kevin McCarthy, to discuss the debt limit. And shortly before that a Manhattan jury found Donald Trump liable for…

Plus: Plus: US could run out of Cash in just a few weeks

Biden and McCarthy’s Big Meeting

Happy Monday! This week in Washington, D.C., is sure to be dramatic. Whether it will be productive is far less certain. President Joe Biden and the top four congressional leaders will meet at the White House tomorrow to discuss their debt…

Plus: Plus: Why tax revenues have been light

Who's to Blame in the Debt Ceiling Showdown?

Happy Friday! Next week will be a big one in our ongoing debt limit showdown, so rest up this weekend … Here’s what you need to know.

Plus: Plus: Job market jammin’ like Jordan

GOP Debt Plan Raises Odds of Recession: Economist

Happy Star Wars Day — May the Fourth Be With You! We’re eagerly anticipating the next round of movies, though we still haven’t quite gotten over “The Last Jedi” even after more than five years. Until those next movies come out, here’s what…

Plus: Plus: a White House miscalculation

White House Warns of ‘Severe’ Damage From Debt Default

Good evening! Today is World Press Freedom Day and as we honor the important job journalists do in maintaining our democracy and pursuing truth around the world, we join The Wall Street Journal, President Joe Biden and many others in…

Plus: Plus: The Fed signals an end to its rate hikes

Democrats Prepare a ‘Secret Weapon’ for Debt Limit Crisis

House Democrats are maneuvering to prepare a fallback option that would force a floor vote on a bill to raise the debt limit — but the process would require the support of at least five Republican members, leaving the prospect of success…

Plus: Plus: The job market continues to soften

US Could Default as Soon as June 1, Yellen Warns

Happy Monday! The deadline for raising the debt limit may be just weeks away, but we have some movement toward talks: President Joe Biden reportedly reached out to congressional leaders Monday to set up a meeting. Biden also marked…

Plus: Plus: Biden invites McCarthy to meet

April 2023

Core Inflation Stays Hot as Fed Eyes Another Rate Hike

Happy Friday! Here’s what you need to know as we head into the weekend and prepare for a likely Federal Reserve interest rate hike next week.

Plus: Plus: Jeffries says GOP 'produced a ransom note'

US Economy Hits the Brakes: Recession Ahead?

It’s almost Friday! As you look ahead to the weekend, we’ll just drop this tweet from CNN’s Manu Raju here: “The Senate came into session Tuesday for a 5:30p vote this week. Had six votes in total this week. And senators all left after…

Plus: Plus: takeaways from McCarthy's win

House Passes McCarthy's Debt Limit Bill. Now What?

Good evening. The House just passed Republicans’ debt limit bill. Also, Manchester City just humbled Arsenal, 4-1, to take control of the Premier League title race. We’ve got more details on one of these stories.

Plus: Plus: The GOP plan would push 600,000 people off Medicaid

McCarthy Scrambles to Avoid an Embarrassing Defeat

Happy Tuesday! President Joe Biden officially announced his reelection bid in a video released this morning. Legendary singer and activist Harry Belafonte died at age 96. And House Speaker Kevin McCarthy is still wrangling his members in…

Plus: Plus: A credit rating warning

McCarthy Cracks the Whip

Happy Monday! This is a big week for House Speaker Kevin McCarthy (R-CA). We’ve got more on the debt-limit showdown below, but we’re going to take just a second to congratulate the New York Jets on finally trading for Aaron Rodgers. Also,…

Plus: Plus: The anxious view from Wall Street

McCarthy’s Big Test: Can He Get to 218?

Happy Friday! Next week will be a momentous one, as President Biden is expected to officially announce that he’s running for a second term and House Republicans are expected to try to pass their bill to raise the debt limit and cut…

Plus: Plus: Wall Street grows nervous about possible default