debt

Congress Votes to Raise Debt Ceiling by $2.5 Trillion

Party politics were on full display as the House and the Senate debated.

Fauci on your Phone?

If the Senate follows the House of Representatives lead and passes the Immunization Infrastructure Modernization Act (HR 550), Americans who do not get the recommended number of covid vaccines can look forward to receiving a text like this: “This is Dr. Anthony Fauci."

Bill that Biden says pays for itself actually adds $3 trillion to deficit, CBO warns

West Virginia Democratic Sen. Joe Manchin, a pivotal vote for the Democrats on the bill, calls the CBO's latest cost analysis "very sobering."

California Scheming

Luxury apartment or essential housing? How America’s most notorious junk municipal bond peddlers are getting rich off California’s affordability crisis.

Federal Government to Run Out of Money in Four Days amid Overfull Senate Schedule

The federal government will run out of money on Friday amid a jammed Senate schedule in December that may further delay the passage of the $1.9 trillion reconciliation package into next year.

The US Misery Index Shows How Weak This Recovery Is

United States consumer confidence has plummeted to a decade-low in November. The University of Michigan’s consumer sentiment index fell to 66.8 in November, down sharply from the October figure of 71.7 and well below consensus forecasts of 72.4.

Gas Prices Are Rising. Who Did That?

Slapped on a gas pump next to the digital meter display, the stickers tell a simple, powerful story: Today’s gasoline prices, the highest in years, are courtesy of the commander in chief.

BlackRock – The Fed’s Wall Street Croupier

Central banks have not merely inflated the bejesus out of assets prices. They have also caused the very foundations of financial markets to metastasize, yielding an endless array of new products that have no real economic function except to facilitate new forms of pure wagering.

Budget group finds Democratic spending bill would add to deficits, endangering centrist support

A new budget projection shows the Democratic climate and social spending bill would add to the deficit, a finding that could further imperil support from centrist Democrats like Sen. Joe Manchin.

Federal Reserve Failure

What do the Federal Reserve and neoconservatives have in common? They both refuse to admit that their policies — the neocons’ promotion of perpetual war and the Fed's manipulation of the money supply — are complete failures, having produced the opposite of the promised results.

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