By Robert Romano After Tucker Carlson’s firing by Fox News, do high ratings even matter anymore? That might be a good question one might ask from Fox News’ termination of Carlson, the station’s most highly rated host, who was easily winning cable news’ battle for the 8pm […]

By Robert Romano House Speaker Kevin McCarthy (R-Calif.) and the House Republican majority have unveiled their spending plan for the next decade, the Limit, Save, Grow Act , that will be tied to a $1.5 trillion increase in the $31.4 trillion national debt ceiling, the centerpiece of which imposes discretionary budget caps beginning in 2024 , but which will […]

By Robert Romano America First Legal Foundation on April 17 filed a civil rights complaint against Anheuser-Busch at the Missouri branch of the U.S. Equal Employment Opportunity Commission, alleging violations of Title VII of the Civil Rights Act’s prohibition against employment discrimination on the basis of race and sex, blasting the […]

By Robert Romano “A no-strings-attached debt limit increase will not pass.” That was House Speaker Kevin McCarthy (R-Calif.) in a speech to the New York Stock Exchange on April 17 foreshadowing the upcoming debate in Congress on increasing the $31.4 trillion national debt ceiling as the new House Republican majority […]

By Robert Romano The consumer price index has continued to descend from its June 2022 peak of 9.1 percent down to a still elevated 5 percent in March 2023, according to the latest reading from the Bureau of Labor Statistics . The decrease was almost exclusively due energy prices continuing to stabilize, with oil prices being down in […]

By Robert Romano Since Jan. 2022, China has reduced its U.S. treasuries held outright, from $1.03 trillion to $859 billion in Jan. 2023, a 16.8 percent decrease, according to the latest data compiled by the U.S. Treasury of foreign holders of U.S. securities. This comes atop a further decrease from its peak in Nov. 2013 at more than $1.3 trillion , bringing the total decrease to 34.7 percent the past decade. […]

By Robert Romano Gross interest owed on the $31.4 trillion national debt —that is, interest owed on both the $24.9 trillion publicly traded debt and the $6.7 trillion debt in the Social Security, Medicare and other trust funds—will reach a gargantuan $1 trillion in 2024 for the first time in American […]

By Robert Romano The unemployment rate reported by the Bureau of Labor Statistics was down slightly to 3.5 percent, according to the latest data by the Bureau of Labor Statistics, as peak employment persists in the U.S. ahead of an expected recession. By 2024, the Federal Reserve expects unemployment will be up to 4.6 percent. […]

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By Robert Romano “[W]e would not proceed with this without support from Congress, and I think that would ideally come in the form of an authorizing law, rather than us trying to interpret our law to enable this.” That was Federal Reserve Chairman Jerome Powell in March 2021 , noting the fact that when it […]