Alec Phillips

Republican leadership was criticized by House Democrats on Thursday on X for failing to reduce consumer costs during 291 days of unified government control. McGovern’s Statement On Saturday, Rep. Jim McGovern (D-Mass.) posted on X that Republicans had not delivered “not a single thing...

Prominent economist Mohamed El-Erian is sounding the alarm over the prolonged U.S. Government shutdown, warning that the economic consequences are becoming more severe as the standoff stretches into its 34th day. The Economic Damage ‘Is Intensifying’ On Monday, in a post on X, El-Erian...

The U.S. House of Representatives passed one of the most expansive tax-and-spending bills in modern history, setting the stage for a multi-trillion-dollar shift in federal deficits and sector dynamics over the next decade. The legislation is projected to balloon the federal deficit by over $3...

While the consensus may be that the U.S. is in a recession or likely to enter one in 2023, one Wall Street firm is pumping the brakes on this call for the new year. What Happened: Recession has become a word used more and more by financial experts and company CEOs during this period of...

U.S. stocks got a big lift Monday after the G20 meeting over the weekend cleared up some major uncertainties for investors. The G20 produced some major developments on the trade war front, with the U.S. and China agreeing to a 90-day truce while a deal is negotiated. In addition, Russia and Saudi...