The Federal Reserve sold another $75 billion in overnight repurchase agreements (repos) on Wednesday, with demand dramatically overwhelming supply. And by the end of the day, the New York Fed announced increasing the overnight repos available from it to $100…
Health care ranked as most important issue, save for “the ability to beat Donald Trump,” for Democratic voters in a FiveThirtyEight/Ipsos poll taken before and after last week’s presidential debate. The debate revealed fissures among the party’s presidential aspirants on…
CNN hosted a climate change town hall event Wednesday night long enough to make eyes glaze over — in one case, with blood. The network placed dead last among the three major cable news channels in the ratings with an…
Donald Trump continues to pressure the Federal Reserve. He’s not the only one. “The Federal Reserve loves watching our manufacturers struggle with their exports to the benefit of other parts of the world,” he tweeted this week. “Has anyone looked…
The Washington Post reports, “Several senior White House officials have begun discussing whether to push for a temporary payroll tax cut as a way to arrest an economic slowdown, three people familiar with the discussions said.” The discussions follow a…
Donald Trump accuses China of currency manipulation as he pressures the Federal Reserve to do the same thing. If you can’t beat ’em, join ’em. “Our problem is not China,” the president tweeted on Wednesday. “We are stronger than ever,…
Bipartisanship, a rare commodity in 21st-century Washington, returned to the Capitol this past week. Democrats and Republicans came together to put Americans further into debt. The House of Representatives voted to suspend the debt ceiling until March of 2021. The…
Seattle, we have a problem. Amazon generated almost $12 billion in income domestically last year. But the company paid no corporate income tax. Instead, the federal government paid the company $129 million in tax rebates. Amazon, like so many other…
Federal Reserve Chairman Jerome Powell testifies before Congress on Wednesday. President Trump, wanting lower interest rates, talks of firing or demoting Powell. But the Wall Street Journal reports that Powell likely finds a friendlier audience on Capitol Hill than at…
Elizabeth Warren seeks to “guarantee high-quality child care and early education for every child in America from birth to school age. It will be free for millions of American families, and affordable for everyone.” Bernie Sanders introduced free Medicare for…