Federal Reserve Not Worried About Economy Overheating

The Federal Reserve sees the economy staying relatively the same for the foreseeable future, which is both a good and bad thing.

Economic Growth Beats Expectations, But It’s Hardly Impressive

The first estimate of economic growth in the first three months of 2018 beat expectations slightly, but it doesn’t bode well for the immediate future.

March Jobs Report Falls Short Of Expectations

March’s Jobs Report fell far short of expectations.

The GOP Is Now The Party Of Deficits And Debt, But Then It Always Has Been

Republicans spent the eight years of Obama Administration railing against fiscal irresponsibility. Now that they have power, they’re the ones being fiscally irresponsible.

The Era Of Trillion Dollar Deficits Is Set To Return, And Republicans Don’t Seem To Care

With Republicans fully in control in Washington, their concerns about the budget deficit seem to have disappeared.

U.S. Will Hit Debt Ceiling Earlier Than Expected

In addition to deadlines on the Federal Budget and DACA, Congress also has to deal with the debt ceiling at some point in the next month.

November’s Jobs Report Is Strong, But There Are Caveats

November’s Jobs Report was stronger than expected, but there are several caveats to keep in mind.

Senate Passes Tax Cut Bill On Party Line Vote

The Senate passed a tax cut bill last night, but it leaves a lot to be desired.

House Republicans Unveil Tax Reform Bill

House Republicans unveiled their tax reform bill today, but its fate is far from clear.

John Boehner, Without A Filter

It’s been two years since John Boehner stepped down as Speaker, and he’s got a few things to say about his former colleagues and the state of American politics.

Eliminating The Debt Ceiling: An Idea Whose Time Has Come?

Perhaps it’s time to consider getting rid of the debt ceiling entirely.

‘Medicare for All’ Gains Second Senate Backer

Kamala Harris has joined Bernie Sanders’ call for creation of a single-payer healthcare system.

Americans Want Congress To Move On From Trying To ‘Repeal And Replace’ Obamacare

A new poll shows that most Americans want Republicans want to move on from their failed effort to ‘repeal and replace’ the Affordable Care Act.

Federal Reserve Raises Rates For Third Time Since December

For the third time since December,, the Federal Reserve has raised interest rates.

Congress Facing Another Debt Ceiling Crisis

In addition to everything else on its plate, Congress will have to revisit raising the debt ceiling again sometime this summer.

Trump’s First Quarter GDP Numbers Aren’t Exactly Impressive

The first scorecard for President Trump’s first economic quarter in office isn’t exactly very good.

Trump Administration Introduces Tax Plan, But Comes Up Short On Details

The Trump Administration is out with a tax plan, but it’s seriously lacking in details.

OTB Caption Contest Winners

The Meatloaf All Around Edition OTB Caption ContestTM is now over.

Federal Reserve Raises Interest Rates For Third Time In Fifteen Months

For only the third time since the Great Recession ended, the Federal Reserve Board has raised interest rates.

Republican Budget Hawks Have A Donald Trump Problem

Budget hawks in the GOP face a showdown with Donald Trump’s spending ambitions this year that will likely decide whether we’ll ever get spending under control.

Is Portugal Europe’s Next Greece?

The election of an anti-austerity government in Portugal is raising some concerns.

After Opposing Procedure Under Which It Was Negotiated, Paul Ryan Will Support Budget Deal

Yesterday, Paul Ryan spoke out against the procedure under which the new budget deal was negotiated. Today, he announced that he’ll vote for it anyway.

Conservative Groups Opposing Paul Ryan For Speaker Before He Even Announces

Paul Ryan has yet to say if he will run for Speaker of the House, but that hasn’t stopped the opposition on the hard right from forming already.

Ben Carson Isn’t Alone In Having Utterly Silly Ideas About The Debt Ceiling

Yes, Ben Carson’s comments about the debt ceiling are silly, but it’s the fact that a lot of Republicans agree with him that’s dangerous.

Republicans See Donald Trump As ‘Presidential,’ The Rest Of America Not So Much

Polling shows that Republicans increasingly see Donald Trump as Presidential and trustworthy. The rest of America disagrees.

Don’t Expect Anything Out Of Washington In Obama’s Final Two Years

Despite the conciliatory language after Tuesday, it’s unlikely that much will change in Washington in the next two years.

Rand Paul’s Foreign Policy Ideas Present An Opportunity For the GOP

Kentucky Senator Rand Paul continues to challenge Republican orthodoxy on foreign policy, and that’s a good thing.

David Perdue Wins GOP Senate Primary Runoff In Georgia

A somewhat surprising win in Georgia.

House Conservatives Plotting Against Boehner Again?

Once again, the Tea Party wing of the GOP is talking about taking out John Boehner.

The Tea Party’s Position On The Debt Ceiling Is Fiscally And Politically Irresponsible

Refusing to raise the debt ceiling does nothing at all to control spending.

Sane Republican Minority Prevails

Nearly two-thirds of House Republicans voted for default. They lost.

What Lies Past October 17th? A Big Unknown, And That’s The Problem

If Congress isn’t able to reach a deal, the big problem going forward would be uncertainty.

House Republicans Waste A Day, Leaving Final Deal Up To The Senate

The House wasted a day yesterday, now it’s crunch time.

Another Republican Debt Kamikaze

One Virginia Republican suggests that defaulting on our bonds wouldn’t be that big of a deal.

Hopes For A Senate Deal Now Hinge On Harry Reid And Mitch McConnell

Harry and Mitch to the rescue?

Return Of The Debt Kamikazes

They’re back…….

Want To Understand The GOP Hardliners? Talk To Their Constituents

To borrow a phrase from Stephen Colbert, if you want to understand how Congress works, you better know a District.

Republican Plan B: Hold The Debt Ceiling Hostage?

Republicans reportedly have another plan to get what they want on Obamacare and other issues.

Japan’s National Debt Hits A Quadrillion Yen

Japan’s National Debt has reached a level that’s somewhat incomprehensible.

John Dingell And The Problem With Long-Term Incumbency

As of today, John Dingell has been a Member of Congress for 20,997 days, a new record. That’s not something to celebrate.

Obama, GOP Battle Over Sequestration Cuts

The sequestration cuts are fast approaching, and the political battle is continuing.

The GOP’s Ongoing Bush Problem

Pretending like the Bush administration never happened is a problem for the GOP.

Republican Debt Ceiling Strategy Doomed To Fail

The GOP is following a strategy on the debt ceiling that cannot possibly succeed.

Republicans Foolishly Risking Default To Prove A Political Point

Once again, the House GOP is risking sending the economy into the tank to prove a political point.

The Art Of Compromise

You can’t always get what you want.