Why a Government Shutdown This Fall Could be the Costliest One Ever
The most expensive government shutdown in history cost about $3 billion. That is what the Congressional Budget Office calculates.
Recent
Fiscal Policy Is Bigger Bond Risk Than Fed, Pimco’s Clarida Says
Fiscal policy risk is more likely to drive up US bond yields than further tightening from the Federal Reserve.
Warren Asks Regulators to be Tougher on Banks as Bank CEOs Push Back on New Rules
Sen. Elizabeth Warren (D, Mass.) called on regulators to be tougher on US banks asking them to prevent dominant institutions from getting even bigger.
Fed to Leave Rates Unchanged on Sept. 20; Cut Unlikely Before Q2 2024
Fed will leave benchmark overnight interest rate unchanged at end of Sept. 19-20 policy meeting and probably wait until the April-June period 2024.
IRS Goes After Millionaires, Big Businesses that Owe Millions in Back Taxes
(Investopedia) - The Internal Revenue Service (IRS) is cracking down on high-income earners and businesses that owe hundreds of millions of dollars in past-due taxes—and in doing so are “ab
Proposed Bill Would Block ESG Use in Retirement Plans
House Republicans again push to roll back ESG investing for plan participants.
Fed’s Debt Runoff Is ‘Painless’ at $1 Trillion Mark, With Bigger Test Ahead
The Fed has now offloaded about $1 trillion of its bond holdings since it began working down its bloated balance sheet last year.
