By Robert Romano President Donald Trump has threatened to veto the $2.3 trillion spending package that includes $900 billion for Covid economic relief plus the $1.4 trillion omnibus spending bill for the annual federal budget. “I am asking Congress to amend this bill and increase the ridiculously low $600 to $2,000 or […]

Five key facts prove the failure of Covid economic shutdowns By Catherine Mortensen The usual gang of liberal economists, Paul Krugman and Austan Goolsbee, etc. – the leftwing nut jobs who will be advising a potential Biden administration – is attempting to play down the economic devastation […]

By Robert Romano Congress has once again defunded the Obama era Affirmatively Furthering Fair Housing regulation in the $1.4 trillion annual omnibus appropriations bill . This was the 2015 rule that conditioned receipt of $3 billion of annual community development block grants on rezoning neighborhoods along racial and income guidelines that nearly ended local zoning authority. Fortunately, […]

By Robert Romano Congress has completed negotiation on a combined $900 billion Covid economic relief legislation, plus the annual $1.4 trillion omnibus appropriations bill, just in time for Christmas. It comes with a $280 billion renewal of the Paycheck Protection Program that saved as many as 5.2 million small businesses and 50 million jobs last spring. […]

The day of reckoning is coming. The debt bomb will go off.   By Robert Romano Since the beginning of 2020, the national debt has grown a gargantuan $4.26 trillion to $27.5 trillion amid the Covid lockdowns and a tremendous $2.2 trillion spike and counting in annual federal spending to […]

Pray the vaccine works, or this is only the beginning of the Covid depression. By Robert Romano As predicted, with Covid virus cases rising as the cold and flu season starts peaking, the U.S. economy is once again shedding jobs at a fairly rapid clip, with 935,000 […]

By Robert Romano President Donald Trump has threatened to veto the National Defense Authorization Act if Congress does not also repeal Section 230 of the Communications Decency Act that shields interactive computer services like social media from civil liability for what their users post. On Dec. 8, […]

By Robert Romano 947,000 new unemployment claims were reported the week of Dec. 5, atop the 533,000 lost the week prior, the latest data from the U.S. Department of Labor shows, as states initiate another round of lockdowns and businesses deploy layoffs as Covid cases continue to rise nationwide. […]

By Robert Romano As coronavirus cases continue spiking upward this cold and flu season and states begin their lockdowns again, the economic recovery that began this spring—with more than 16 million jobs recovered since labor markets bottomed in April—stalled in November as 560,000 Americans left the labor force altogether, Bureau of […]

By Robert Romano Bipartisan Senate legislation is being offered by Senators Susan Collins (R-Maine), Joe Manchin (D-W.Va.), Bill Cassidy (R-La.), Mark Warner (D-Va.) and others that attempts to bridge the divide on crucial phase four Covid economic relief legislation after months of legislative stalemate between House and Senate […]