Update 908 — Tuesday is Blues’ Day:Significant Off-Year Democratic Gains Democrats saw resounding electoral success Tuesday night, with the opportunity to respond to the horrors of Trump 2.0 driving Democrats to the polls. Whether this blue wave will be predictive of 2026 is to be seen, but Democrats exceeded expectations. The government shutdown also continued …
Update 908: Significant Off-Year Democratic Gains Read More »
Update 907 — SCOTUS Kicks Tariff Tires:Extent of Exec. Trade Authority at Stake Yesterday, the Supreme Court heard oral arguments in what Trump this week called “the most important case ever,” as the Court weighs the constitutionality of Trump’s tariffs, relying on the International Emergency Economic Powers Act (IEEPA) as a legal basis. Even some …
Update 906 — Chinese Trade Detente,Shutdown Rolling to Record Lead Week President Trump returned from Asia touting major success when, in fact, details of finalized plans are few and far between. With China, we are nearly back where we were before, after months of pain for American businesses and farmers who are paying the price …
Update 905 — Fed Again Cuts Rates,Weighing Labor Weakness, CPI Gains The Federal Reserve cut interest rates by 25 basis points, as expected, at the conclusion of its October FOMC meeting this afternoon. Fed Chair Powell noted that the outlook for inflation and the labor market has not significantly shifted since September. Fed Governor Stephen …
Update 904 — September CPI up to 3%;Roadmarks ahead for Ongoing Shutdown This morning saw the release of new data showing that prices rose 3.0 percent on an annualized basis in September — the highest level since January. The price increase and the steady increases in recent months are the by-product of the Trump administration’s …
Update 903 — Debate Over AI Bubble:Could Boom in Valuations End in Tears? AI has been all over the news recently, especially in the business section. All of the Magnificent 7 companies, the largest publicly traded companies in America, have some level of investment in AI. The sector has pushed tech and, in fact, all …
Update 901 — Shutdown in Stasis;Cracks Open in GOP Support for CR The end is not in sight for the government shutdown, with the Senate repeatedly failing to agree on a short-term CR and the House in recess. Republicans may be cracking, as voters blame Trump and the GOP more than Democrats for the shutdown …
Update 900 — Sup. Court and the Economy:Docket Includes Tests of Trump’s Authority On Monday, the Supreme Court began its new term, with a docket that includes several cases pivotal for the Trump administration’s economic agenda. Among these cases are ones challenging the President’s tariffs, his authority to fire heads of agencies such as the …
Update 899 — Shutdown in Stalemate;Trump Resorts to Partisan Scare Tactics The government funding stalemate for the fiscal year starting October 1 resulted in a shutdown this week with no end in sight. Meanwhile, the Trump administration took a partisan turn, canceling infrastructure funding in blue cities/states and using agency web pages and email autoreplies …
Update 898 – Govt Stuck in Shutdown:Drill Down on Off-Ramps and Impact At 12:01 a.m. this morning, the federal government was thrust into a shutdown, as Congress failed to pass short-term funding that would keep the government running past yesterday’s expiration of fiscal year 2025. Democrats and Republicans are split over proposals for a short-term …
