Category: Macroeconomic

January 23, 2023

This week the US government reached its 31.4 trillion dollars borrowing limit, better known as the “debt ceiling.” This led to a showdown among House Republicans, President Biden, and congressional Democrats. House Republicans are demanding that President Biden and Senate […]

January 13, 2023

Rep. James Comer (R-Ky.), chair of the House Oversight Committee, said on Thursday night he wants to follow the trail of anonymous Chinese money to the Biden family, and the possible influence China’s Communist Party may have had on Biden […]

January 9, 2023

The $1.7-trillion, 4,155-page omnibus bill passed during the last week of the 117th Congress to fund the government through Sept. 30, 2023 includes over $47 billion for Ukraine, and increases the president’s drawdown capabilities by 291.9% since October 2022. The […]

December 22, 2022

Ukraine President Volodymyr Zelenskyy “is an inspiring leader, but the most basic reasons for continuing to help Ukraine degrade and defeat the Russian invaders are cold, hard, practical American interests,” Sen. Mitch McConnell (R-Ky.) said on the Senate floor Wednesday. […]

December 2, 2022

The Labor Department’s Bureau of Labor Statistics said the economy added 263,000 jobs in November, higher than the anticipated 200,000; and the unemployment rate held steady at 3.7 percent. But there are troubling trends in Friday’s employment report: Despite the […]

November 15, 2022

“Elections matter” and Americans should strive to “elect people that are representing the interest of pensions,” said Kentucky State Treasurer Allison Ball on Monday in Washington, D.C. She also sharply criticized ESG investing and explained that many voters are unaware […]

October 24, 2022

Sen. Bernie Sanders (I-Vt.) said Sunday that it’s “hard to say” whether there is a recession coming, and he doesn’t want to see the Federal Reserve raise interest rates, because that will lead to more unemployment and lower wages. When […]

October 14, 2022

When Joe Biden announced he was running for president on April 25, 2019, he said he was motivated by the gathering of “white supremacists and neo-Nazis” in Charlottesville, Virginia — “their crazed faces illuminated by torches, veins bulging, and bearing […]

October 6, 2022

THE STATE OF THE ECONOMY After a record resurgence out of the depths of the coronavirus pandemic, the US economy has been struggling in recent months. The 2Q’22 US GDP report showed the economy contracted by -0.9% annualized, marking the […]

September 19, 2022

As Americans watch their grocery bills climb, President Joe Biden is putting his best possible spin on the highest inflation since 1982. In an interview with CBS’s Scott Pelley that aired on Sunday’s “60 Minutes,” Biden was asked what he […]

September 2, 2022

The U.S. dollar, as measured by the DXY index, maintained a slightly bearish bias after the NFP report crossed the wires despite the U.S. Treasury yields’ attempt to perk up. However, the greenback could resume its ascent soon as the […]

August 25, 2022

In a statement on Wednesday following President Biden’s announcement on student debt relief, House Speaker Nancy Pelosi hailed the move by the executive branch: “President Biden’s bold action is a strong step in Democrats’ fight to expand access to higher […]

August 17, 2022

Sen. Joe Manchin (D-W.Va.) said Tuesday that the Inflation Reduction Act that he voted for, which was touted as a way to reduce inflation, won’t “immediately” reduce inflation. In a letter to the Congressional Budget Office on July 28, Sen. […]

August 10, 2022

The federal government collected a record $4,104,725,000,000 in total taxes in the first ten months of fiscal 2022 (October through July), according to the Monthly Treasury Statement. That was up $503,787,000,000—or 13.9 percent—from the then-record $3,600,938,000,000 (in constant July 2022 […]

August 2, 2022

The Democrats’ $769 billion social spending bill is “a bad bill” that will “do nothing but draw the economy even further into the ground,” Rep. David Rouzer (R-N.C.) said Tuesday. “This is a bad bill. This is a really bad […]

August 1, 2022

Sen. Joe Manchin, a West Virginia Democrat, infuriated Democrats by refusing to pass the Biden administration’s multi-trillion tax-and-spend “Build Back Better” agenda. At the time, he said it would stoke inflation. But now he’s agreed to approve elements of that […]

July 28, 2022

The U.S. economy contracted for the second quarter in a row in the second quarter of 2022, according to data released today by the Bureau of Economic Analysis. In the January-through-March period, real Gross Domestic Product (GDP) dropped by 1.6 […]

July 25, 2022

House Rep. Chip Roy (R-Tex.) and Rep. Ed Perlmutter (D-Colo.) engaged in a heated exchange about the slight fall in U.S. oil prices during a House Rules Committee meeting on July 18, with Roy exclaiming that $4/gallon gasoline was nothing […]

July 18, 2022

The federal government hauled in a record $3,835,390,000,000 in total taxes in the first nine months of fiscal 2022 (October through June), according to the Monthly Treasury Statement. That was up $502,438,730,000—or 15.07 percent—from the then-record $3,332,951,270,000 (in constant June […]

July 15, 2022

The US consumer remains strong as indicated by this morning’s release of US retail sales data for the month of June. That data point came in at 1% versus an expectation for .8%. And last month’s -.3% that caught so […]