Economic news for our nation this past week has not been good. In his erstwhile self-appointed role as the fourth branch of government, Elon Musk condemned the budget bill finally passed by the House but stalled in the Senate.
Such criticism by a billionaire egomaniac capable of funding primary challengers to anyone defying his order may not intimidate every senator. But apparently it can scare enough of them to stall the bill — the legitimate flaws in the legislation notwithstanding.
Thus a spending bill that would pile on trillions more in U.S. debt and should have been passed and signed last August for the fiscal year that began in October 2024 still hangs fire. That shovels additional uncertainty onto households, businesses and financial markets already awash with confusion.
At the other end of Pennsylvania Avenue, President Donald Trump once again blasted Federal Reserve Board Chair Jerome Powell over…
