Update 897 – Trump’s Shutdown Threat:Mass Gov’t Firings without Budget Deal Congressional leaders remained at an impasse this week on federal government funding beyond October 1, leaving four days until a government shutdown kicks in, absent an agreement. Democrats want healthcare concessions in exchange for their votes – seven of which are necessary to reach …
Update 893 – Macro Muddle Faces Fed; Democrats’ Shutdown Strategy Emerges The nation’s macroeconomic picture got murkier this week, with CPI showing August prices rising by the most since January, even as jobless claims jumped by the most in four years this week and unemployment edged up last month — “a curious kind of balance,” …
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. …
