Category: United States Politics and Government

The U.S. May Finally Breach the Debt Ceiling. Here’s Why That Would Be Very Bad.

The New York Times – Business:
If Congress fails to increase the government’s borrowing limit in time, the result would be a shock to the economy and financial markets.
I.R.S. Backlogs Continue as Republicans Mount Offensive

The New York Times – Business:
The National Taxpayer Advocate expressed hope that better days were ahead for the tax collection agency.
Korean Solar Company Plans to Build $2.5 Billion Plant in Georgia

The New York Times – Business:
Hanwha Qcells expects to make solar panels and their components in the United States to take advantage of President Biden’s climate policies.
Powell Says Fed ‘Will Not Be’ a Climate Policymaker

The New York Times – Business:
In a speech on Federal Reserve independence, Chair Jerome H. Powell emphasized that climate change should be addressed by elected officials.
Can Ron DeSantis Avoid Meeting the Press?

The New York Times – Business:
The Florida governor easily won re-election despite little engagement with mainstream news outlets, another sign of partisan division ahead of the 2024 presidential race.
Wall Street Sets Low Expectations for Corporate Earnings

The New York Times – Business:
Earnings season kicks off this week, and analysts expect a big drop in corporate profits and more announcements about layoffs.
Speaker Drama Raises New Fears on Debt Limit

The New York Times – Business:
An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.
C-SPAN and Cable News Get a Boost From the House Speaker Vote

The New York Times – Business:
C-SPAN, the low-fi cable network beloved by the Congressional cognoscenti, has gotten a major boost in attention for its coverage of the House floor, now the site of a political battle for the ages.
S.E.C. Inquiry Into Former Senator’s Stock Sales Is Closed Without Charges

The New York Times – Business:
The Securities and Exchange Commission ended its investigation into former Senator Richard Burr, three years after he sold more than $1.6 million in stocks following Covid-19 briefings.
Republicans’ Internecine Conflict Is Mirrored in Conservative Media

The New York Times – Business:
National Review has called the House leadership votes “an embarrassing spectacle.” Others have cheered it on.
Kevin McCarthy’s Business Ties Complicate His Rise to Power

The New York Times – Business:
To land the House speaker position, the California Republican will have to win over opponents who question his ties to Silicon Valley and his commitment to right wing causes.
John Fetterman Got a New Suit for His Senate Swearing-In

The New York Times – Fashion & Style:
The Pennsylvania lawmaker joins the Washington establishment. Sort of.