federal spending

Opinion

Opinion: Some Straight Talk About the Debt Crises – Inside Sources

Congress has passed the Inflation Reduction Act. President Biden says this is a success story, in part because it will reduce the deficit by $305 billion over the next decade. IRA mainly reduces the deficit by raising taxes and regulating drug prices; the act increases federal spending and subsidies by nearly half a trillion dollars

Opinion

Opinion: CHIPS and Science Is Just the Start – Inside Sources

The CHIPS and Science Act is a result of something exciting on Capitol Hill: a productive discussion about the next generation of American research that prioritizes investment in science. In addition to the $54 billion for semiconductor innovation, manufacturing, and research and development, it is thrilling to see a bipartisan majority in Congress step up

Financial

Opinion: Will the Fed Curb Inflation, or Will Politics Prevail? – Inside Sources

The Consumer Price Index (CPI) has been increasing at close to a 5 percent annual rate. The Federal Reserve just announced its plans to begin tapering its bond purchases—essentially scaling back an economic stimulus—later this month, but the market is not expecting it to aggressively fight inflation by raising interest rates until the middle of next year. Politics

Opinion

Opinion: The Debt Limit Isn’t the Problem. Spending Is

Headline after headline during recent months has centered on the fight to raise the nation’s debt ceiling. Many emphasized a potential doomsday scenario that could unfold if the limit isn’t lifted or suspended by October 18. It’s gotten so bad, the Biden administration is even looking into what it would do if the impasse can’t be averted. This fight,

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