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CBO says debt ceiling deal could cut domestic spending 8-13%

2 years 5 months ago
The Congressional Budget Office has scored the debt ceiling deal and it's worse than I thought. A big part of the issue is assumptions about inflation: CBO’s baseline projections for discretionary appropriations are assumed to grow each year with inflation from the amounts provided for the most recent year, whereas CBO’s projections under the [debt ...continue reading "CBO says debt ceiling deal could cut domestic spending 8-13%"
Kevin Drum

Oumou Sangaré

2 years 5 months ago

Oumou Sangaré is a Grammy Award-winning Malian Wassoulou musician, often referred to as “The Songbird of Wassoulou.” Since the release of her debut album Moussoulou in 1989, Sangaré’s musical journey

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Catherine Neville

Companies are raising prices because consumers are letting them

2 years 5 months ago
The New York Times writes today about greedflation: PepsiCo has become a prime example of how large corporations have countered increased costs, and then some. Hugh Johnston, the company’s chief financial officer, said in February that PepsiCo had raised its prices by enough to buffer further cost pressures in 2023. At the end of April, ...continue reading "Companies are raising prices because consumers are letting them"
Kevin Drum