Economics
Supreme Court Rejects Major Legal Challenge To Consumer Financial Protection Bureau
The Supreme Court made it crystal clear Thursday morning: the federal government's independent agency for protecting consumers in the financial sector is here to stay.
In a 7-2 opinion by...
Is Anyone Brave Enough To Fix The Third Rail Of Politics?
It’s not just Social Security the debt ceiling negotiators in D.C. are ignoring. Also off the table is that other massive line item in...
The Fiscal Time Bomb Republicans Are Happy To Punt On
As the “only in D.C.” drama of the debt ceiling negotiations putter along, it’s critical to remember that neither the Republicans nor the Democrats...
Experts Predict The Most Likely Outcome Of Debt Ceiling Debacle
House Republicans and the Biden administration appear to be getting more serious about the debt ceiling, with more talks scheduled for this week. This...
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Will Debt Ceiling Negotiations Lead To Heartache? Signs Point To Yes.
With the June 1 (give or take a few days) deadline to do something about the debt ceiling, official Washington has turned its attention...
How Both Parties Threaten To Do Irreparable Harm To US Economy
One of the great mysteries in official Washington is when the dreaded, feared and not very good “X date” arrives.
What is the ‘X Date?”...
Banking Reports Highlight Alarming Reality. The Clock Is Ticking.
Two reports on the failures of Silicon Valley Bank and Signature Bank cast a harsh light on the banks’ practices and on regulators’ laxness.
The...
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Gaetz Teams Up With AOC To Ban Stock Trading In Congress
A political odd couple has found common ground in the fight to strengthen congressional ethics.
On Tuesday, Reps. Matt Gaetz and Alexandria Ocasio-Cortez unveiled legislation...
McCarthy Surrendered On Corporate Welfare To Pass Debt Ceiling Bill
House Speaker Kevin McCarthy got what he wanted, and desperately needed, on the debt ceiling: An approved plan that he and others in the...
Stock Prices Of Major Lenders Plummet After Second Largest American Bank Failure
On Monday, the stock prices of several mid-size banks experienced a significant drop following the collapse of the third major U.S. bank in two...
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How Tax Law Impedes Prosperity – The True Cost Of Compliance
The end of the federal tax season is a perfect time to assess what this annual exercise costs taxpayers. Not in the taxes paid....
Economists Slam Biden Budget Plan
Washington, D.C. – A group of prominent economists Thursday urged congressional leaders to reject the Biden administration’s FY 2024 proposal, calling it “irresponsible” and...
IRS Issues New Strategic Plan – See What They Actually Want
The IRS recently issued a strategic plan that broadly describes how it intends to use the 10-year, $80 billion addition to its budget. Major...
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It’s Time To Count The Regulatory Cost Of Government
Washington, D.C. – President Joe Biden’s budget for the coming fiscal year is as audacious as it is reckless. Rather than rein spending in...
Electric Vehicle Scheme Makes State Lots Of Money – Black Farmers, Not So Much
It’s no secret that governments are eager to follow the latest industrial policy fads and do so with all the tools they have available....