Acrosstheboard spending cuts and tax increases, hitting every single american taxpayer right in the wallet. Its not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. According to the wall street journal, u. S. Companies are cutting their Spending Plans in the fiscal and Economic Uncertainty, and doing so at the fastest pace in the a recession. It goes on to say that companies are not planning to spend this year or next year. I am joined by jeffrey miron. Welcome back to the show, jeffrey. Good to see you. I want to start with some breaking news that we had. Moodys Just Announced that they are cutting frances government rating to aa from triplea. The s p data back did it back in january. Of course, we mentioned last week that the eurozone is in recession. Economies that are expanding and not contracting. Is this a winning post for people in this country who cant seem to get our spending under control . I think it should be a warning.
Single american taxpayer right in the wallet. Its not just us but get hit hard, amid all the uncertainty, companies are scaling back their investment plans. According to the wall street journal, u. S. Companies are cutting their Spending Plans in the fiscal and economic uncertainty, and doing so at the fastest pace in the a recession. It goes on to say that companies are not planning to spend this year or next year. I am joined by jeffrey miron. Welcome back to the show, jeffrey. Good to see you. I want to start with some breaking news that we had. Moodys Just Announced that they are cutting frances government rating to aa from triplea. The s p da back did it back in january. Of course, we mentioned last week that the eurozone is in recession. Economies that are expanding and not contracting. Is this a winning post for people in this country who cant seem to get our spending under control . I think it should be a warning. The entire situation should be a wakeup call. But even in europe
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Several senior members of President Joe Biden's administration led the charge Thursday for a significant practical expansion of the nationwide use of electric vehicles. The federal government is "teaming up with states and the private sector to build a nationwide network of EV chargers by 2030 to help create jobs, fight the climate change crisis,…