Washington Insider

All Column Articles

  • The pandemic is exposing the flaws and shortcomings of how the U.S. provides unemployment insurance and disagreement over proposed fixes are primary holdups to a new stimulus bill.

  • Work on the next coronavirus subsidy bill has intensified, but White House and Democratic negotiators driving toward a deal on a final package still must overcome a raw mix of election-year pressures, internal GOP splits and a profound lack of trust between the parties.

  • Bloomberg is reporting this week that a basic truism of finance may be turned upside down. The report argues that interest rates, which normally reward savers and charge borrowers, have been set below zero by central banks in a handful of big countries. That means savings are losing value...

  • Bloomberg is warning this week that the dollar is flashing a warning sign to U.S. policy makers pushing them to get a grip on the virus. After hitting an all-time high in March, the dollar lost 10% of its value, with declines accelerating in recent weeks as infections spread seemingly unchecked...

  • Bloomberg says supply chain management has gone from back-office obscurity to political scapegoat because they expose economies to shocks beyond their borders. As trade has become more complex, policy issues have also become more complicated.

  • The Federal Reserve left interest rates near zero on Wednesday as it predicted a long road ahead and that the recent spike in virus cases saps momentum from the nascent economic recovery. Chairman Powell noted that infections have surged since late June and the pace of recovery looks...

  • The Hill is reporting this week that the Senate didn't include a funding increase for Medicaid in its new COVID-19 response bill, ignoring pleas from both Democratic and Republican governors. This tees up a contentious fight with the House over spending on the health care program for the poor...

  • Bloomberg reports this week that Senate Majority Leader Mitch McConnell, R-Ky., is taking the $1 trillion GOP virus relief package into negotiations with Democrats weighed down by a divided party and friction with the White House.

  • The Hill is reporting this week that a group of Senate Republicans are raising red flags over the rapid expansion of the Federal Reserve's balance sheet. They are raising concerns that this could impact interest rates, the strength of the U.S. dollar and the overall U.S. economy before...

  • POLITICO is reporting this week that the House approved a $259.5 billion government spending package on Friday in the Democrats' opening bid to ward off a government shutdown, a potentially devastating scenario while the nation is embroiled in a pandemic and the worst economic downturn since...

  • Amid tough legislative struggles over virus relief, trade and numerous other issues, the House on Wednesday overwhelmingly passed bipartisan conservation legislation, Bloomberg is reporting this week.

  • POLITICO is reporting that millions of kids could lose access to free meals if recent practices are ended, and that efforts are underway to counter that proposed USDA shift.

  • Advocates for renewable fuels, pork and cotton relief put the COVID-19 damage at about $17.8 billion, a sum that includes at least some estimates of continuing cost in 2021, Roll Call said.

  • Wall Street's five biggest investment banks disclosed $45 billion in revenue from trading and deal-making units, marking those businesses' best quarter in modern history. It then emphasizes the circumstances including a deadly global pandemic and the Federal Reserve's unprecedented measures to...

  • This week, Bloomberg commented on a federal survey that shows a tepid recovery by early July. “Economic activity increased in almost all Districts,” it says, but remained “well below where it was prior to the COVID-19 pandemic.”

  • Bloomberg, and others, are focusing quickly on the implications of the growing back and forth with China over Hong Kong. The island, until recently an oasis of political stability in Asia, is now gripped with unprecedented regulatory and legal uncertainty that threatens its position as one of the...

  • The Washington Post is reporting this week that senior Trump administration officials have begun signaling their willingness to approve a narrow extension of the enhanced unemployment benefits helping tens of millions of jobless Americans hurt by the coronavirus pandemic.

  • In a report that is being picked up by daily newspapers, including the Washington Post, the Associated Press is reporting that new pressure on parts of the meat industry is coming from worker complaints alleging that processing companies Tyson and JBS...

  • At the end of last week, the U.S. announced 25% tariffs on a series of French goods worth about $1.3 billion. The move is part of a long-running battle between the two countries over taxes on technology giants, Bloomberg said.