U.S. House Moves Forward with Stopgap Spending Bill that Doesn’t Include Election Integrity Law

The Republican majority in the United States House of Representatives is now planning to vote on a stopgap spending bill that will not include a critical election integrity measure that conservatives have been desperately trying to pass.

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Commentary: Unemployment Up Another 760,000 Since December 2022 as Unemployment Rate Jumps to 3.9 Percent

Don’t look now, but U.S. labor markets appear to be churning in the wrong direction, as the unemployment rate jumped to 3.9 percent in February, and the unemployment level hit a new high for this cycle at almost 6.5 million, up 760,000 from its low this cycle of 5.7 million in Dec. 2022, according to the latest data from the Bureau of Labor Statistics.

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Analysis Ties Surge in Inflation to Increased Spending, Value of Debt

The U.S. government and those of other countries could be using higher inflation to lessen the value of growing public debt resulting from increased spending during the COVID-19 pandemic, according to a new analysis by a Harvard economist working with The Heritage Foundation. 

The study covers government spending from 2020 through 2022, the high point of the pandemic, and looked at the U.S. and 20 other economies in the Organization for Economic Cooperation and Development, or OECD. 

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Federal Debt Up $6.2 Trillion Under Biden – $47,462 per Household

Congress Spending

The federal debt increased by $6,238,231,285,652.06 between Jan. 20, 2021, the day President Joe Biden was inaugurated, and Jan. 2, 2023, the last day for which the debt has been reported.

That equals $47,462.84 for each of the 131,434,000 households that the Census Bureau estimates were in the United States in 2023.

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House Freedom Caucus Calls Speaker Johnson’s Proposed Spending Deal with Schumer ‘Total Failure’

The conservative House Freedom Caucus slammed House Speaker Mike Johnson’s proposed top-line spending deal with Senate Democrats as a “total failure,” arguing the potential agreement costs about $68 billion more than the Louisiana Republican said it would.

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