To help you understand what comes next regarding a possible government shutdown as Congress scrambles to pass a spending bill, our highly experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get all the latest news first by subscribing, but we will publish many (but not all) of the forecasts a few days afterward online. Here’s the latest…
The spotlight on Speaker Kevin McCarthy (R-CA) is becoming a bull’s-eye. And even his fellow Republicans are shooting arrows, as Congress races to pass a spending bill and avoid a government shutdown at the end of September.
Some Republicans say they would welcome a government shutdown if they don’t get their way on certain legislative ultimatums. Among them are provisions that would restrict the Department of Justice’s ongoing investigations and prosecution of Donald Trump and a rollback of certain Pentagon policies, including support for service members who must travel to obtain abortions. McCarthy has tried to appease them by launching an impeachment inquiry into President Biden. But by doing so he has alienated moderate House Republicans, who fear a shutdown or impeachment will imperil their reelection chances. McCarthy’s future as the speaker may depend on his threading this needle. So might the Republicans’ majority in the House if the government shuts down and voters blame the GOP, a scenario beneficial to Biden and the Democrats.
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
This forecast first appeared in The Kiplinger Letter, which has been running since 1923 and is a collection of concise weekly forecasts on business and economic trends, as well as what to expect from Washington, to help you understand what’s coming up to make the most of your investments and your money. Subscribe to The Kiplinger Letter.
-
-
What Is Market Cap?
What is market cap? Here we discuss the basics, significance and related issues of the metric that is often used to gauge a company's size and value.
-
How tax laws can help you if you're a victim of a hurricane, wildfire or other federally declared disaster
Kiplinger Tax Letter Did you know that some losses — attributable to federally declared disasters — can be deducted, in addition to the tax filing and payment extensions?
-
Investments In U.S.-Made Drone Technology Are Gaining Strength — The Kiplinger Letter
The Kiplinger Letter The U.S.-Made drone aircraft, software sector has been boosted by a crackdown on Chinese drones amid security concerns.
-
State Legislators Are Switching Parties at a Fast Rate: Kiplinger Economic Forecasts
Economic Forecasts Switching is pacing well above the 30-year average, with Dems losing more than the GOP.
-
Falling Prices in China Could Be a Boon For the U.S.: Kiplinger Economic Forecasts
Economic Forecasts Falling prices in China could be a boon for the U.S. as the country's weakened economy shows no clear signs of improvement.
-
Could Donald Trump's Trials Affect His Reelection Bid?: Kiplinger Economic Forecasts
Economic Forecasts So far, Trump's indictments haven't dented his popularity among Republican voters.
-
Key U.S. Foreign Policy Challenges in Power Struggle with China and Russia: Kiplinger Forecasts
Economic Forecasts The U.S. faces a power struggle with China and Russia, with challenges like controlling exports of critical technologies and responding to the war on Ukraine.
-
Do UFOs Exist? Congress Will Push Defense Department to Tell All: Kiplinger Economic Forecasts
Economic Forecasts After a first round of hearings, Congress will continue to push the Department of Defense to share what it knows about UFOs and UAPs.
-
Clean Energy Backlog Eases with Groundbreaking New Rule: Kiplinger Economic Forecasts
Economic Forecasts The Federal Energy Regulatory Commission is opening up the pathway to the electric grid, easing a clean energy backlog with a groundbreaking new rule.
-
Will Ailing Senators McConnell and Feinstein Be Replaced?: Kiplinger Economic Forecasts
Economic Forecasts As Sens. Mitch McConnell and Dianne Feinstein health issues cause concern, Republicans and Democrats are actively discussing who could take their places.
