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.

Federal Reserve Not Worried About Economy Overheating

The Federal Reserve sees the economy staying relatively the same for the foreseeable future, which is both a good and bad thing.

Scotland May Try For Another Independence Vote

Scottish First Minister Nicola Sturgeon is hinting she might try to revive a Scottish independence vote in the wake of Brexit. That’s easier said than done.

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.

Republicans Blaming Trump For Declining Support For Tax Bill

Republicans are blaming the President for the fading popularity of the tax reform law passed in December. It’s more complicated than that.

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.

China and Trade War Tactics

The great negotiator in the White House is likely underestimating the tools available to Xi.

New Fed Chair Overshadowed by Trade War Rhetoric

Speaking of trade war talk…

Trump Escalates His Trade War Rhetoric With Predictable Results

President Trump is continuing his dangerous and misguided trade war rhetoric,

March Jobs Report Falls Short Of Expectations

March’s Jobs Report fell far short of expectations.

Census to Ask Citizenship Question for First Time in Seven Decades

Critics warn this move would lead to a drastic undercount of Hispanic voters, impacting Congressional districting, federal programs, and more.

Self-Driving Uber Kills Pedestrian

We don’t yet have enough information to assign blame here. Naturally, that’s not stopping anyone.

A Booming Jobs Market For February

A better than expected jobs report for February, but wage growth slowed for the month.

VA Care for All?

Dave Schuler argues the US would have a much better healthcare system if we had modeled it on VA clinics rather than private insurance.

Live By The Markets, Die By The Markets

Donald Trump spent much of the past year touting the rising stock market, now he’s getting a lesson in reality.

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.

What Trump Economic Boom?

President Trump and his supporters like to claim that the economy has been booming since he became President. A look at the numbers reveals that this is not the case.

A Strong, But Not Spectacular, Report On Economic Growth

The economy grew in the final quarter of 2017, but at a slower pace than earlier in the year and far slower than what the President has promised.

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.

Donald Trump Shrugging Donald Trump Shrugging

As The Year Draws To A Close, Trump’s Job Approval Numbers Continue To Be Dismal

As we near the end of the year, the President’s job approval numbers remain at historically low levels, and there’s no sign that they’ll improve in 2018.

No, You Still Won’t Be Able To File Your Tax Return On A Postcard

Once again, tax “reform” won’t make it easier to prepare or file tax returns.

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.

November’s Jobs Report Is Strong, But There Are Caveats

November’s Jobs Report was stronger than expected, but there are several caveats to keep in mind.

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.

Trump Nominates Jerome Powell To Head Federal Reserve Board

President Trump has selected Jerome Powell, a member of the Federal Reserve’s Board of Governors, to replace Janet Yellen as Chairman.

Republicans To Introduce Tax Reform Package By The End Of September

Republicans will introduce a tax package by the end of the month, but whether they can actually pass anything is another question entirely.

GDP Growth Solid In Second Estimate, But Can It Be Sustained?

The new GDP growth estimate shows healthy economic growth in the second quarter, but it’s unclear if it can be sustained.

Restricting Immigration Does Not Lead To More Jobs For Americans

The fundamental premise at the heart of the immigration bill that President Trump backed earlier this month has no merit whatsoever.

Trump Endorses Plan To Cut Legal Immigration By Half

The President has endorsed a bill that would cut legal immigration in half.

Second Quarter Sees Modest Economic Growth In Initial Estimate

According to initial estimates, the economy grew at faster pace in the second quarter than at the beginning of the year, but it was hardly anything to write home about.

A Solid June Jobs Report Signals Bounce Back From Slump In May

The June Jobs Report was significantly better than what we saw in May but on the whole not different from what we’ve seen for the last three years or so.

Democrats Battling Over Party’s Future

After seven years that mostly consisted of losing elections, there’s a battle going on over which direction the party should head.

Federal Reserve Raises Rates For Third Time Since December

For the third time since December,, the Federal Reserve has raised interest rates.

Congress Facing Another Debt Ceiling Crisis

In addition to everything else on its plate, Congress will have to revisit raising the debt ceiling again sometime this summer.

First Quarter Economic Growth Better Than Initially Forecast, But Further Slowing Is Forecast

Economic growth in the first quarter wasn’t as bad as first estimated, but it still wasn’t very good. And the future is unclear at best.

Trump’s First Quarter GDP Numbers Aren’t Exactly Impressive

The first scorecard for President Trump’s first economic quarter in office isn’t exactly very good.

Trump Administration Introduces Tax Plan, But Comes Up Short On Details

The Trump Administration is out with a tax plan, but it’s seriously lacking in details.

Federal Judge Slaps Down Trump Executive Order On ‘Sanctuary Cities’

Another Federal Court has found another Trump Executive Order unconstitutional.

China Appears To Be Putting More Pressure On North Korea

Has China finally had enough of North Korea?

Donald Trump Shrugging Donald Trump Shrugging

So Far, There’s No Sign Of A ‘Trump Bump’ In The Economy

So far, there’s no sign that Donald Trump is having much of an impact on the economy.

The Trump Administration and the G20

More stepping back from free trade and the established global economic order.

Federal Reserve Raises Interest Rates For Third Time In Fifteen Months

For only the third time since the Great Recession ended, the Federal Reserve Board has raised interest rates.

South Korean President Removed From Office After Impeachment

South Korea removes a corrupt leader by peaceful means.

February Jobs Report Is Good, But Hardly Great

The first Jobs Report for the first full month of the Trump Presidency is out, but it’s nothing to write home about.

Janet Yellin Hints At Another Rate Increase This Month

Federal Reserve Board Chair Janet Yellin hinted strongly today that we’re likely to see another interest rate increase this month.

Donald Trump Shrugging Donald Trump Shrugging

Trump Supporters Starting To Lose Faith?

One month in, some Trump supporters are starting to wonder if he will actually deliver on what he promised.

Republican Budget Hawks Have A Donald Trump Problem

Budget hawks in the GOP face a showdown with Donald Trump’s spending ambitions this year that will likely decide whether we’ll ever get spending under control.

A Strong January Jobs Report, But Signs Of Possible Weakness Ahead

The first Jobs Report of 2017 saw healthy jobs growth in January, but there are signs we may be reaching a point where hiring could slow down.