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The Latest Breaking News from Douglas HoltzEakin

Republican unity to be tested in talks over Trump’s ‘big, beautiful bill’

Party eyes dramatic spending cuts to turn president’s promises into reality – but not all lawmakers are on board

The Guardian - US

What is a recession, and is it tied to stock market declines?

Trump’s tariffs prompt market drops, recession fears, and worries of accompanying inflation this time.

Al Jazeera

Medicare Deserves Attention From DOGE and Congress

Reform could replace an unsustainable boondoggle with lower costs, more freedom, and better care.

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Fact check: Did Black wages in the US rise ‘massively’ under Donald Trump?

They did rise, but have risen even faster under Biden. And the US wage gap for Black and white men grew under Trump.

Al Jazeera

Congress' Budget Process Is Broken. Here's One Idea for Fixing It.

Lawmakers should be freed from "the dead hand of some guy from 1974," says former Congressional Budget Office director.

Reason

Biden Is Pushing Federal Regulatory Powers Into Uncharted Territory

Regulations costing less than $200 million will no longer be considered "economically significant."

Reason

GOP campaigns against the IRS, vowing to slash its funding

IRS pleas for more funding from Congress finally paid off this summer

The Independent UK

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Will inflation boost Republicans’ chances in the midterm elections?

Voters rank economy as top concern in newest polls as Republicans spend ‘tremendous amount’ in swing states with inflation messaging

The Guardian - US

Biden's midterm self-edit: Less talk about inflation woes

In recent speeches, President Joe Biden has stopped talking so much about inflation worries

The Independent UK

Inflation Reduction Act may have little impact on inflation

With inflation raging near its highest level in four decades, Congress is poised to approve President Joe Biden’s signature Inflation Reduction Act

The Independent UK

Biden gets big economic win as inflation threatens legacy

WASHINGTON — President Joe Biden raised the final pillar of his economic agenda with the Senate’s passage of a breakthrough climate and tax package, sealing a legacy that risks being undermined by an inflation surge he’s blamed for sparking.

People

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