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 874 – Tariff Rate Date MoveMay CPI, Rescissions Bill Lead Week On Tuesday, President Trump announced that the United States had completed a framework for a trade deal with China, calling for both countries to loosen export controls and bring tariff rates back down to levels agreed to in the Geneva “truce.” The next …
Update 874: Round-Up on Trade, Prices, Recissions Read More »
Update 872– The Trump-Musk Meltdown:Elon Attacks OBBB… But to Any Effect? Yesterday, President Trump and Elon Musk’s disagreement over the projected deficit impact of Trump’s reconciliation package erupted into public view on social media. While the dust seems to have settled somewhat as of today, this split raises questions about Musk’s political influence going forward. …
Update 870 – House OKs Trump OBBB:On to the Senate for Tweak or Overhaul? The House passed the One Big Beautiful Bill Act (OBBB) yesterday in a 215-214 vote after a week of seemingly fraught negotiations. The bill, which consists of trillions of dollars in tax cuts that are skewed towards the ultra-wealthy and paid …
Update 860 – Trump Winging it on Tariffs,Moves to Dismantle Direct File, CFPB Last weekend, the Trump administration exempted some electronic products from its reciprocal tariff regime, an exception likely to be brief. Trump and his advisors have hinted at an investigation to determine an eventual duty on these products. Separately, this week, the administration …
Update 859: Less Enforcement, Broader BreaksTrump IRS Could Threaten America’s Tax System Millions of Americans filed their taxes this week ahead of yesterday’s filing deadline. But this year’s tax day comes amid the Trump administration’s attempts to dismantle the Internal Revenue Service (IRS), the very body responsible for collecting tax revenue used to fund important …
