The Associated Press reports, US hiring jumped last month. So did unemployment. Here’s what that says about the economy: The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately trying to cool. Friday’s report … Read more
President Biden had a great week. Donald Trump and Ron DeSantis did not. First, through his and his team’s negotiation skills, they bested Speaker Kevin McCarthy and his allies on the legislation raising the debt ceiling to January 2025 without sacrificing his legislative achievements and domestic priorities. They thwarted the designs of MAGA Republicans, who … Read more
A Republican-led effort to overturn President Joe Biden’s student debt relief plan narrowly cleared a key procedural hurdle in the Senate on Wednesday as Sens. Manchinema, and Jon Tester (D-MT) voted with all Republicans to proceed to debate on the measure. Politico reports, Senate advances repeal of Biden’s student debt relief: On a 51-46 vote … Read more
So I saw this “uh-oh this can’t be good” post on Axios the other day, Scoop: Sinema enters debt ceiling negotiations (excerpts): Sen. Kyrsten Sinema (I-Ariz.) has inserted herself into the debt ceiling negotiations, working with both sides to try to bridge differences on permitting reform, according to people familiar with the matter. Permitting reform … Read more
The Bipartisan Legislation to raise the National Debt Ceiling passed in the House of Representatives this evening by a vote of 314 to 117. Democrats were the ones that provided the pivotal votes (165 of them) for victory as 71 MAGA Republicans felt it was better to default on the full faith and credit of … Read more