An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.
Category: Federal Budget (US)
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Biden Signs Government Funding Bill, Preventing Shutdown
The New York Times – Business:The $1.7 trillion measure includes more money for the military and law enforcement, along with an overhaul of how Congress counts electoral votes in presidential elections.
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Congress Gives Boeing a Reprieve on 737 Max Cockpit Changes
The New York Times – Business:The move will allow two new versions of the jet to be certified without major modifications, but it requires safety changes on all Max models.
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After a Terrible Year for Bonds, the Outlook Is Better
The New York Times – Business:October capped their worst 12-month period ever, and the economy is under pressure. Yet the fundamental math of bond returns bodes well for 2023, our columnist says.
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Jerome Powell Is Popular. His War on Inflation Could Change That.
The New York Times – Business:Jerome H. Powell, who is well liked across the political spectrum, is presiding over the fastest interest rate increases in generations, with another one expected this week.
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Republicans Denounce Inflation, but Few Economists Expect Their Plans to Help
The New York Times – Business:Proposed tax and spending cuts by the G.O.P., which is making a push to take back Congress, are unlikely to bring down rapidly rising prices any time soon.