On Winners, Losers, and the Debt Ceiling

Horse race coverage in all the things.

[I'm shocked, shocked I tell you!] [I'm shocked, shocked I tell you!]

Inflation Reduction Act Doesn’t Reduce Inflation?!

A bill that was never about the thing it’s called doesn’t do that thing.

Manchin Shoots BBB Dead, Dead, Dead

The West Virginia Senator has taken the football from Charlie Brown and gone home.

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Infrastructure Bill Passes! Dems in Array?

Three days late, $1.2 billion long.

The 1% are Paying Slightly Less Tax Than They Owe!

An interesting but rather misleading report from a Biden Treasury official.

$15 Minimum Wage Dead for Now

The Senate parliamentarian has ruled against ramming it through in the COVID relief bill.

Federal Bureaucrats Repeatedly ‘Warned’ About Pandemic Shortages

But they weren’t shouting it from the rooftops.

Elizabeth Warren’s ‘Medicare For All’ Plan Is Utopian And Probably Unconstitutional

Senator Elizabeth Warren released a more detailed version of her ‘Medicare For All” plan late last week. It leaves much to be desired.

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No, The Republican Tax Cuts Aren’t ‘Paying For Themselves’

Contrary to the promises of December 2017, the Republican tax cuts are not paying for themselves. Instead, they are helping lead us to trillion-dollar deficits.

Federal Budget Deficit Ends Fiscal Year Just Shy Of $1 Trillion

Don’t worry folks, we’ll make it past that mark quite easily over the course of the new Fiscal Year.

Trump And The GOP Have Continually Lied About The Budget Deficit And The Economy

President Trump and the Republican Party have spent the last three years lying about the Federal budget deficit and the economy.

Republicans Think They Can Win Back The House By Focusing On The Deficit And Health Care

Despite having utterly mishandled both areas when they actually held power, Republicans think they can win back the House of Representatives by focusing on the budget deficit and health care reform.

Welcome Back To The World Of Trillion-Dollar Deficits

As predicted, the Federal Budget Deficit has crossed the threshold back into the world of trillion-dollar deficits. This is all due to the hypocrisy of Republicans and so-called conservatives.

Mark Sanford Enters GOP Race Against Trump

Former Republican Congressman and Governor Mark Sanford is running for President.

Budget Deficit Growing Faster Than Expected, CBO Reports

Thanks for nothing, Republicans.

Budget Deficit Sets Another Record Under Trump, Heads Toward $1 Trillion

The Federal Budget Deficit rose 27% in July, putting it on course for the $1 trillion by the end of September.

Trump And Congress Reach Deal On Budget-Busting Debt Deal

President Trump and the Congressional leadership have reached agreement on a multi-year budget deal that that busts through all remaining controls on spending.

Federal Budget Deficit Near $750 Billion For First Three-Fourths Of Fiscal Year

The Federal Budget Deficit passed the $700 Billion mark with three months still to go in the Fiscal Year.

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$15 Minimum Wage Would Do More Harm Than Good

The Congressional Budget Office assesses several reform proposals.

Economic Growth Slows In Final Quarter Of 2018

Economic growth slowed significantly in the fourth quarter of 2018 from where it had been earlier in the year. And it’s likely to slow down even more.

National Debt Tops $22 Trillion, Up $2 Trillion Since 2017

The National Debt officially topped $22 trillion, marking a $2 trillion increase since President Trump took office.

January Jobs Report Is Positive Despite Government Shutdown

Despite the government shutdown, employment growth in January was far above expectations.

Trump’s Tax Cuts Haven’t Resulted In The Economic Benefits He Promised

A new study reveals that the Republican tax cut package passed at the end of 2017 has not had the economic impact the GOP claimed it would.

C.B.O. Estimates Shutdown Cost Economy $11 Billion Over Five Weeks

The economic impact from the just-concluded government shutdown was apparently quite substantial.

Budget Deficit On Pace To Exceed $1 Trillion For Current Fiscal Year

Two years of Republican control of the Legislative and Executive Branches has put us back on a path toward $1 trillion budget deficits.

Senate Overwhelmingly Passes Criminal Justice Reform

The Senate overwhelmingly passed major reforms in Federal sentencing and related laws. As the name of the bill implies, it’s a first step, but a good first step.

Growing Our Way Out Of Debt? Not Very Likely

The Trump Administration appears to think that the Budget Deficit and National Debt aren’t a big deal because we can just grow our way out of the problem. This is highly unlikely to happen.

Trump Shrugs Off Reports Of An Approaching Debt Crisis

Trump has reportedly told aides that he doesn’t really care about reports of an approaching crisis of the budget deficit and national debt because he’ll be out of office before it becomes a problem.

Trump Praises House Candidate For Assaulting Reporter

President Trump is heaping praise on a Congressman who physically assaulted a reporter.

Federal Budget Deficit Heads Back Up Under Republican Rule

Nearly two years into Republican control of Washington, the budget deficit is headed back up.

Federal Budget Deficit Set To End Fiscal Year Near $1 Trillion, And Continue Growing

The Federal Budget Deficit is set to end the Fiscal Year close to $1 trillion, and to continue growing after that.

National Debt Passes $21 Trillion Mark As Republican Budget Deficits Begin To Rise

The National Debt has passed $21,000,000,000,000 for the first time in history just as the nation begins its return to the era of trillion dollar budget deficits.

Federal Government Set To Borrow $1 Trillion This Year

The Federal Government will borrow more than $1 trillion this year for the first time in more than a half-decade.

Economic Growth Beats Expectations, But It’s Hardly Impressive

The first estimate of economic growth in the first three months of 2018 beat expectations slightly, but it doesn’t bode well for the immediate future.

Feds Make 32 Percent Less than Private Sector Counterparts (Or 17 Percent More)

Dueling data on civil service compensation belie the adage that you can’t choose your own facts.

Welcome To The Era Of Trump’s Trillion Dollar Budget Deficits

We’re set to return to the era of trillion dollar budget deficits, and Republicans won’t do a thing about it.

States Renew An Old Argument Against Obamacare

A group of twenty states have revived an old argument to mount a new legal challenge to the Affordable Care Act.

Congress Approves Budget Deal, Ends Overnight Shutdown

While most of America slept, the government was shutdown thanks to some faux theatrics by a single Senator.

Senate Reaches Budget Deal That Busts Budget Caps And Massively Increases Spending

Congress seems likely to pass a budget deal today that will massively increase spending, putting to rest once and for all the rank hypocrisy of Republicans when it comes to claims that they are “fiscally conservative.”

Congress Moves Ahead On Budget Deal As Trump Threatens Shutdown

Congress appears to be moving closer to a budget deal even as the President tries to throw a monkey wrench into the whole thing.

The Era Of Trillion Dollar Deficits Is Set To Return, And Republicans Don’t Seem To Care

With Republicans fully in control in Washington, their concerns about the budget deficit seem to have disappeared.

Republicans Give Up On Repealing Obamacare

After spending much of 2017 trying to do it, Republicans are giving up on any effort to repeal and replace the Affordable Care Act before the midterms.

U.S. Will Hit Debt Ceiling Earlier Than Expected

In addition to deadlines on the Federal Budget and DACA, Congress also has to deal with the debt ceiling at some point in the next month.

House And Senate Republicans Pass Tax Cut Bill

Republicans passed their tax bill yesterday. What that means for the economy and the 2018 midterms is another question.

Republicans Release Final Version Of Tax Bill, And It Appears Likely To Pass

The final version of the tax bill appears to be on track for passage, but the devil is in the details.

Republicans Say They Have a Final Tax Bill, But Senate Democrats Want A Delay

House and Senate Republicans say they have reached agreement on a final tax bill, and Democrats are engaging in an effort to delay a vote in the Senate until Doug Jones can be seated.

Republicans On Capitol Hill Racing To Avoid End Of Week Government Shutdown

The current temporary spending measure reached by Congress in September expires on Friday, and Republicans haven’t come up with a solution yet.

Senate Passes Tax Cut Bill On Party Line Vote

The Senate passed a tax cut bill last night, but it leaves a lot to be desired.

Senate Tax Plan Will Include Provision To Eliminate Obamacare’s Individual Mandate

For some reason, Senate Republicans want to attach a bad health care reform idea onto an already controversial tax reform bill.

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Trump Lies 1,628 Times. The Truth Dies.

Since taking office, President Trump has made an average of 5.5 false claims per day.