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

2 years 6 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 6 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

The post Oumou Sangaré appeared first on Explore St. Louis.

Catherine Neville

Companies are raising prices because consumers are letting them

2 years 6 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

New work requirements for some SNAP recipients included in debt limit deal

2 years 6 months ago

WASHINGTON — The holiday weekend debt ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy preserves in part new work requirements for some food stamp recipients but now with exceptions for certain populations, including veterans. The agreement released late Saturday night showed concessions from both sides — from GOP members, who wanted […]

The post New work requirements for some SNAP recipients included in debt limit deal appeared first on Missouri Independent.

Ashley Murray

Debt limit deal hits turbulence in Congress as leaders prep for vote

2 years 6 months ago

WASHINGTON — Congress began moving the bipartisan debt limit package forward Tuesday, though frustrations with provisions in the bill could make for narrow passage in the U.S. House and U.S. Senate. Conservative Republicans and progressive Democrats both aired their disappointment with the agreement forged over the weekend, but only GOP lawmakers are looking to possibly remove […]

The post Debt limit deal hits turbulence in Congress as leaders prep for vote appeared first on Missouri Independent.

Jennifer Shutt