by Andrew Moran | Jun 21, 2023 | Articles, Business News, Opinion
Well, that was fast! The national debt has reached a milestone, or should it be described as a millstone? President Joe Biden and House Speaker Kevin McCarthy (R-CA) marketed the Fiscal Responsibility Act (FRA) as a terrific plan to suspend the debt limit and tackle...
by Andrew Moran | Jun 14, 2023 | Business News, Lights, Camera, Action, Opinion, Swamponomics
Did the House Freedom Caucus members have a point in rejecting the Fiscal Responsibility Act? The Congressional Budget Office (CBO) released its assessment of the debt ceiling agreement, and its numbers confirm that the Biden-McCarthy plan will do very little for...
by Andrew Moran | Jun 8, 2023 | Articles, Good Reads, Opinion, Politics
In the current Republican Party, it is the best of times and the worst of times. After more than a dozen rounds, Rep. Kevin McCarthy (R-CA) finally secured the speakership and had made good on several of his commitments with a plethora of legislative pursuits that...
by Andrew Moran | May 31, 2023 | Articles, Good Reads, Opinion, Politics
President Joe Biden and House Speaker Kevin McCarthy (R-CA) shocked anyone who has not been following US politics since the last debt ceiling drama in 2021. The Democratic and Republican leaders announced the Fiscal Responsibility Act, a plan to raise the debt limit...
by Andrew Moran | Apr 18, 2023 | Articles, Business News, Good Reads, Opinion
Despite the doom and gloom surrounding the debt ceiling, global financial markets have barely reacted to default warnings. Everyone has watched this show and the endless sequels and remakes before. The federal debt limit approaches, the Treasury employs extraordinary...