By Robert Romano Each day another story comes out about the games and outright deceptions being run on the public and members of Congress as the effort to enact a budget plan drags on. The process is so cumbersome and mutated because Congress is unable or unwilling […]

By Robert Romano 52 percent of voters say the U.S. economy is strong but 39 percent say inflation is still the top issue facing the nation, according to the latest polling from Harvard-Harris taken June 11 to June 12. The stark turnaround in public sentiment towards the economy from former President Joe Biden’s tenure, […]

By Robert Romano Consumer and producer inflation continued cooling in the month of May, only rising 0.1 percent in both categories, according to the latest data compiled by the Bureau of Labor Statistics, amid increasing energy production and cooling demand. Energy dropped 1 percent on the consumer side including […]

By Robert Romano “I want to see the tax cuts made permanent, but I also want to see the $5 trillion in new debt removed from the bill. At least 4 of us in the Senate feel this way.” That was Sen. Rand Paul (R-Ky.) on X.com on June 3 outlining his and at least three […]

By Robert Romano If Congress does nothing — by that, it is meant does not make any changes to existing law — and the $36.2 trillion national debt will spiral up to close to $53 trillion by 2034, according to a 2024 estimate by the White House Office of Management and Budget (OMB) . That’s another $17 trillion, and optimistically assumes no wars or recessions. This […]

By Robert Romano The 1977 International Emergency Economic Powers Act (IEEPA) “defines the international emergency economic authorities available to the President in the circumstances specified in section 202. This grant of authorities basically parallels 15 section 5(b) of the Trading With the Enemy Act.” That was a 1977 House Report on the adoption of the IEEPA that was […]

By Robert Romano The U.S. Court for International Trade on May 28 struck down President Donald Trump’s national trade emergency, the reciprocal tariffs he put into effect on April 2 and other tariffs in 2025 including those seeking foreign assist to repel the fentanyl trade, throwing the subsequent tariff negotiations with the United Kingdom, China, India, Japan, South Korea […]

By Robert Romano 51 percent of Americans say the U.S. economy is “strong” for the first time since July 2021, according to the latest Harvard-Harris poll taken May 12-15 . That was about the time that inflation had crossed over 5 percent in former President Joe Biden’s first year in office, and the time when Biden’s […]

By Robert Romano For the second consecutive month, both consumer and producer prices slowed down, according to data compiled by the Bureau of Labor Statistics, to 2.3 percent and 2.4 percent annually in April, respectively. This despite President Donald Trump’s levying of tariffs since the beginning of his second […]

By Robert Romano The annual consumer inflation rate for April slowed down to 2.3 percent, the lowest since February 2021 , according to the latest data compiled by the Bureau of Labor Statistics, despite the imposition of reciprocal tariffs by President Donald Trump on April 2 that all of Washington, D.C.’s experts arrogantly projected would increase prices. […]