Jan 26, 2023
GDP growth in the fourth quarter of 2022 was just reported to be 2.9%. That's down slightly from the 3.2% growth in the third quarter. Since growth was negative in the first two quarters of 2022, growth for the entire year was 2.1%.
Jan 23, 2023
Last week the public debt reached $31.4 trillion. According to the law that is the maximum debt the federal government can incur.
Jan 16, 2023
As we enter 2023, there are at least three major problems that economic policymakers will have to deal with. We have high inflation, a likely recession, and a very serious problem with the debt ceiling.
Jan 11, 2023
The root of the Republican Party’s inability to pass meaningful economic legislation doesn’t seem to be in the halls of Congress, but rather on the frontlines of powerful lobbyists such as the U.S. Chamber of Commerce.
Dec 30, 2022
On January 1st, the provisions of the Inflation Reduction Act (IRA) will take effect. President Biden said this act will reduce health care prices for Americans and vastly increase spending to fight climate change.
Dec 14, 2022
The Bureau of Labor Statistics just released the Consumer Price Index change for the month of November. What can we expect from the Federal Open Market Committee today?
Dec 5, 2022
The government just reported that third quarter gross domestic product (GDP) growth was revised upward to 2.9%. That's solid growth and good news. Today, though, that's bad news.
Nov 28, 2022
Since June, the Federal Reserve has raised interest by 75 basis points four times. In recent history, this is an unprecedented rate increase.