Recent Posts

House approves debt limit framework that will allow it to pass Senate with 51 votes

The House on Tuesday night approved a framework that would allow the Senate to raise the debt limit with a simple majority, or 51 votes.  The fast-track process would require Democrats in the Senate to introduce the legislation to raise the debt limit by a certain amount, rather than suspending …

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Inflation may keep rising next year, in part due to COVID

Federal Reserve Chairman Jerome Powell warned Congress that while the Federal Reserve continues to expect inflation will move down “significantly” over the next year, it “now appears that factors pushing inflation upward will linger well into next year.” The new COVID-19 variant Omicron could have a negative impact on employment …

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Jamie Dimon says he regrets joke about Chinese Communist Party

America’s best-known banker is apologizing for a wisecrack that his employer would outlast China’s Communist Party. Jamie Dimon, CEO of JPMorgan Chase, made the remarks while speaking on a panel in Boston on Tuesday. “I made a joke the other day that the Communist Party is celebrating its 100th year …

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