The New York Federal Reserve injected more than $300 billion in loans into the repurchase agreements (repo) market last week. That same week, the Congressional Budget Office announced a year-over-year increase of $39 billion in the quarterly deficit to bring…
Inequality won the electoral vote for Donald Trump in 2016. Four writers in the Nation admitted as much the day after the election. “Inequality created the presidency of Donald Trump,” they wrote. But the president’s antagonists generally appear loath to…
Elizabeth Warren outpointed Pete Buttigieg on the matter of “wine caves” in Thursday’s Democratic presidential debate. But on the domestic question of the times, health care, Warren tacitly submitted to Mayor Pete. Warren promised on Thursday that “in the first…
The Federal Reserve Bank of New York injected $86.4 billion into the repo market on Monday. This follows three months of the Fed intervening in a repo market it normally leaves to its own devices. When repurchase agreement (repo) rates…
“He stole it,” Joe Biden says of Pete Buttigieg’s “Medicare for All Who Want It” plan. The accusation came as part of Biden’s eight-day “No Malarkey” bus tour of Iowa, a state with an ever-shifting poll leader that currently sees…
The website CommonDreams.org highlights an article called “How to Win the Holiday Healthcare Debate With Your Conservative Relatives” that posits that “Uncle Joe would benefit from the change if he only knew the truth” about “Medicare for All,” counsels readers to…
President Donald Trump met with Federal Reserve chairman Jerome Powell on Monday. “Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve,” the president tweeted. “Everything was discussed including interest rates,…
Some people miss their own irony. Elizabeth Warren’s plan to pay for a one-size-fits-all national health insurance includes the promise of “strengthening FTC [Federal Trade Commission] oversight over health care organizations, including non-profit hospitals, to crack down on anti-competitive behavior.”…
The Federal Reserve lowered its funds rate 25 basis points, the third such cut this year, on Wednesday to a 1.5 to 1.75 range. “Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability,” the…