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Veronique de Rugy - 4 de Rugy - 3 hasn't - 2 Joe Biden - 2 Biden - 2 Elon Musk - 1 Vivek Ramaswamy - 1 they've - 1
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6 mentions found


☆ Why Elon Musk's push to cut federal waste might succeed where others failed
  + stars: | 2024-11-15 | by ( Jack Newsham | ) www.businessinsider.com   time to read: +8 min
Elon Musk and Vivek Ramaswamy are promising to tame the federal government. Substantial changes to the federal budget would most likely require action from legislators, though Trump transition officials are reportedly looking for ways to short-circuit Congress' power over spending. AdvertisementPast presidents have tried to cut the federal budget with mixed successThe federal government isn't a business. AdvertisementClinton took another stab at cutting federal spending and improving government processes with his National Performance Review, which was led and staffed by federal employees instead of the private sector. AdvertisementSocial Security and Medicare are the two single biggest areas of federal spending, and changing them could be politically unpopular.
Persons: Elon Musk, Vivek Ramaswamy, they've, Trump, Reagan, Clinton, Ronald Reagan, Bill Clinton, David Walker, J, Peter Grace, Grace, didn't, Musk, Ramaswamy, Thomas Schatz, hasn't, Lex Fridman's, Veronique de Rugy, —, de Rugy Organizations: Government, Department of Government, Trump, Congress, Government Waste, Grace, Office, Citizens, Securities and Exchange Commission, Federal Aviation Administration, SpaceX, Social, Cato Institute, Social Security, GOP
☆ People are too optimistic about the prospect of many rate cuts, says Mercatus' Veronique De Rugy
  + stars: | 2024-06-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPeople are too optimistic about the prospect of many rate cuts, says Mercatus' Veronique De RugyVeronique De Rugy, political economy chair at the Mercatus Center, Ben Harris, Brookings Institution economic policy director, and CNBC's Steve Liesman join 'Squawk Box' to react to May's PCE report and more.
Persons: Mercatus, Veronique De Rugy Veronique De Rugy, Ben Harris, Steve Liesman Organizations: Mercatus, Brookings, PCE
☆ What is shrinkflation? Here’s why consumers may be getting less for their money
  + stars: | 2024-03-17 | by ( Lorie Konish | ) www.cnbc.com   time to read: +5 min
Pixelseffect | E+ | Getty ImagesSome grocery store products are providing less for your money. At the State of the Union, he again took a stand against shrinkflation, complaining that Snickers bars have become smaller. on X earlier this month, the White House responded, "C is for consumers getting ripped off." Where consumers may see shrinkflationFor now, it's up to consumers to spot the changes companies may make to their products. Why critics say shrinkflation is the wrong focusWhile shrinkflation is now under the political spotlight, not all experts agree the emphasis is correctly placed.
Persons: Joe Biden, Cookie, Biden, hasn't, Cookie Monster, Mara Weinraub, Weinraub, Shrinkflation, shrinkflation, Veronique de Rugy, de Rugy, David Doyle, Justin Sullivan Organizations: State, Union, shrinkflation, White, Federal Trade Commission, FTC, of Labor, Finance, Social, Federal, Labor Statistics, of Labor Statistics, George Mason University, Costco, Getty Locations: U.S, California, Macquarie, Novato , California
☆ Fitch's downgrade of U.S. debt unlikely to have much economic impact — for now
  + stars: | 2023-08-02 | by ( Jeff Cox | ) www.cnbc.com   time to read: +5 min
While financial markets on Wednesday took a break from their monster rally of 2023, economists largely expect the impact on the economy to be minimal. Some even questioned the timing of Fitch's action, saying it seems to come after the biggest scare to whether the U.S. would meet its debt obligations has passed. Overall, this announcement is much more likely to be dismissed than have a lasting disruptive impact on the US #economy and #markets." It also cited the battles that warring congressional factions have had over the debt ceiling as well as budget standoffs. Goldman also said it does not see a meaningful impact on holders of Treasurys or other government-sponsored or municipal debt.
Persons: Mohamed El, Erian, Fitch, Veronique de Rugy, de Rugy, that's, Goldman Sachs, Goldman, There's Organizations: Poor's, Fitch, Allianz, Twitter, AAA, Mercatus, George Mason University, Treasury, Federal Reserve, Congressional, Moody's, Service Locations: U.S
☆ Analysis: US debt-ceiling deal averts disaster, but savings might be less than advertised
  + stars: | 2023-06-01 | by ( Andy Sullivan | Thomson Reuters | Andy Covers Politics | ) www.reuters.com   time to read: +4 min
WASHINGTON, June 1 (Reuters) - The bipartisan debt-ceiling deal that could clear Congress as soon as Thursday would stave off an imminent U.S. default, but might deliver less budget savings than Republicans have hoped for, according to nonpartisan budget analysts. The agreement ensures that President Joe Biden will not have to grapple with another debt-ceiling showdown until after the November 2024 election. That is less than the $4.8 trillion Republicans had initially sought, but still the largest deficit-reduction package since a 2011 deal that emerged from a similar debt-ceiling showdown. That would put more $1 trillion of the deal's anticipated savings at risk, according to the Penn Wharton Budget Model, a research group. The deal increases spending on defense and veterans' care, even as it aims to clamp down on other discretionary programs.
Persons: Joe Biden, Kevin McCarthy, MacGuineas, Biden, Veronique de Rugy, George Mason University's, Penn Wharton, McCarthy, Emily Gee, Andy Sullivan, Scott Malone, Alistair Bell Organizations: Penn Wharton Budget, White, Internal, Service, Office, Republican, SNAP, Social Security, Center for American, Thomson Locations: U.S, Washington
☆ Opinion | A Libertarian and I Debate the Debt Ceiling
  + stars: | 2023-05-16 | by ( The Ezra Klein Show | ) www.nytimes.com   time to read: +1 min
On Jan. 19, the United States officially hit its debt limit. If the United States hasn’t raised or suspended its borrowing cap, known as the debt ceiling, by then, America will default on its debt. But Republicans are currently refusing to raise the debt ceiling until their policy demands are met. For years, she’s argued that the United States’ debt levels are far too high and has defended the debt ceiling as a way to rein them in. In my view, the debt ceiling is one of the most absurd and dangerous laws on the books.
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