In a must-read editorial today, The Wall Street Journal writes, “Perhaps you missed it, but then so did the Washington press corps. Late last week the Congressional Budget Office released its preliminary budget tallies for fiscal year 2010, and the news is that the U.S. government had another fabulous year—in spending your money. . . […]

[Read more →]

According to the latest release from the Bureau of Labor Statistics today, “Nonfarm payroll employment edged down (-95,000) in September, and the unemployment rate was unchanged at 9.6 percent . . . .” The AP adds, “The Labor Department says the unemployment rate held at 9.6 percent. The jobless rate has now topped 9.5 percent […]

[Read more →]

The Washington Post reports today, “The nation’s economic future would be endangered if the government does not rein in budget deficits in the years ahead, Federal Reserve Chairman Ben S. Bernanke said Monday, and Congress should consider new budgeting rules to try to make that happen. ‘One way or the other, fiscal adjustments sufficient to […]

[Read more →]

The New York Times writes today, “Congress on Thursday adopted a stopgap spending measure to finance the government through Dec. 3 as lawmakers dashed for an earlier-than-expected exodus from Washington and headed home to focus on the midterm elections. . . . The last day of the brief September session was as notable for what […]

[Read more →]

The AP reports today, “Forty-seven House Democrats – enough to give Republicans a victory on taxes if the issue came to a vote – are breaking ranks with President Barack Obama by calling on party leaders to continue Bush-era tax cuts on investment income. The lawmakers, led by Rep. John Adler, D-N.J., have sent a […]

[Read more →]

  The Hill reports today, “Senate Democrats are moving forward with a vote on legislation they say will restrict the ability of U.S. companies to move jobs overseas, even as Republicans decry the legislation as mere election-year posturing. Democratic leaders are not optimistic they will achieve the 60-vote total needed to break a filibuster and […]

[Read more →]

After wasting time last week on playing politics, Senate Democrats now finally appear interested in discussing issues related to the economy. But unfortunately, they’ve decided to prioritize another political exercise instead of seriously doing something to foster economic growth. According to The Wall Street Journal, “The Senate will consider a bill this week aimed at […]

[Read more →]

After yesterday’s failure to advance political issues like repealing “don’t ask, don’t tell” and the “DREAM Act” on the Defense Authorization bill, one might think Democrats would have turned to some kind of jobs bill, or maybe to a proposal to prevent a massive tax increase on Americans in January. But no, Democrats decided that […]

[Read more →]

CNN Money reports today, “With income tax rates set to go up on Dec. 31, Congress is hotly debating what to do next. But most economists agree: Keep them where they are. . . . [A] majority of a panel of leading economists surveyed by CNNMoney.com said that the tax cuts should be renewed for […]

[Read more →]

According to ABC News, the White House is again attempting sell its failed $814 billion stimulus bill as a success. But a much more indicative story of how the stimulus has performed comes out of Los Angeles today. The Los Angeles Times reports, “Two Los Angeles departments have received $111 million in federal stimulus funds […]

[Read more →]