Update 914 — Costco’s Tariff Rebate Suit:First Big Firm Challenge to Trump Policy Warehouse retailer giant Costco filed a lawsuit late last Friday to ensure it can secure tariff refunds if the Supreme Court rules against the Trump administration and orders rebates to firms. Last month, the Supreme Court heard oral arguments in a case …
Update 916 — Senate Rejects PTC Extension;GOP Debates, Dithers on ACA Premium Cliff This week, the Senate failed to pass an extension of enhancements to ACA premium tax credits that will expire at the end of this month, causing health insurance premiums to skyrocket for more than 20 million marketplace enrollees. Republicans seem aware that …
Update 911 — Sept. Jobs/Labor Market,Stock Trading Hrg., Noms. Lead Week Per yesterday’s Bureau of Labor (BLS) report for September, the U.S. labor market continues to weaken, with unemployment ticking up to 4.4 percent, its highest level since October 2021. Job gains were 119,000 over the month, but gains in previous months saw significant downward …
Update 909 — Getting the Gov’t Open,Crypto Draft, Tariff Rebate Lead Week After 43 days of stalemate, Congress put an end to the longest shutdown in U.S. history this week. The agreement to keep the government open until January 30, mostly at current spending levels, did not address extending expiring enhancements to ACA premium tax …
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 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 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 …
