Elon Musk’s DOGE Cuts Fail to Stop US Spending from Hitting Record, Newsweek. Instead for a $2 trillion increase in tax income, repeal the 2017 tax break. It will hit the upper 10% in income the hardest. Aggressive efficiency push failed to curb soaring federal spending, which hit a record $603 billion last month, according to […]
Professor Heather Cox-Richardson gives a perspective on an ugly stopgap bill passed by the Senate after the House sent it over. It was a pass it or to kill it and leave the government unfunded move by The House. So it was passed when Schumer and other Dems joined with Repubs in a 62-38 vote […]
The constant threats of tariff this and tariff that has its consequences and creates an instability to which the market reacts. Threatening our next-door neighbors with variable tariff rates does not bode well for Wall Street. Forty percent to seven percent, hmmmm . . . No recession yet. NDd has his report below. The Quick […]
Democrats agreed to invoke cloture on the continuing resolution (CR) in exchange for considering four amendments to it. Republican senators then swiftly rejected the amendments. I am not sure why Dems seem to always get sucked into deals and lose. After Republicans agreeing to review Dem amendments to the bill, eight Democrats voted with Republicans to pass […]
Apparently, Sen. Kirsten Gillibrand (D-NY) warned her colleagues to pass the CR or else: “He will declare a state of emergency,” the senator told her colleagues, seemingly referring to a potential action President Trump might take if Congress does not pass a spending bill before the government runs out of funding midnight Friday.” LOL! “potential”? […]
And The Income Tax From Wikipedia: A tariff is a tax paid by consumers in a given country imposed by the government of that country or customs territory, or by a supranational union, on imports or exports of goods. Besides being a source of revenue, import duties can also be a form of regulation of […]
– by New Deal democrat I typically do not pay much attention to producer prices. Sometimes they do lead consumer prices, but since the turn of the Millennium more often they have been coincident. But with the onset of tariff wars, they may set off some of the first alarm bells. And that may have been […]
February CPI: a very good report, with even the chronic “problem children” getting “less bad” – by New Deal democrat Let me cut right to the chase: the February consumer inflation report was actually very good. It wasn’t just that the headline and core numbers only went up 0.2% for the month, or that the […]
This has been covered before and I will repeat it. The auto industry as it is, is fragile and any political or economic threats could cause it injury with the tiers supplying its part and in sales. It is vastly interconnected with domestic and foreign supply chains. The tiers usually wait to be paid. When […]
Angry Bears’ New Deal democrat discusses JOLTS frequently. I am not sure if everyone knows what it means. I believe it calls for a short explanation. The acronym JOLTS is an abbreviation for “Job Openings and Labor Turnover Survey.” The Bureau of Labor Statistics (BLS) produces JOLTS reports monthly and also annual estimates of job […]