Just as the U.S. recovery was gaining steam, headwinds have approach in the form of the delta strain and higher inflation that could derail or slow down the economic recovery.

The Senate is preparing for a heated and bruising debt ceiling fight all this comes in the midst of the contentious infrastructure fight.

The Committee for a Responsible Federal Budget which is a nonpartisan, non-profit organization committed to educating the public on issues with significant fiscal policy impact has calculated the real cost of the budget now being discussed is over $5 trillion not the $3.5 trillion as advertised.

The market rebounded after Monday’s sell-off as investors bought the dips from the sharp decline.

On Monday, the stock market took a serious tumble dropping 751 points over concerns regarding the delta-variant and its impact on the U.S. economic recovery.

Former U.S. Treasury Secretary under President Bill Clinton and former Director of the National Economic Council for President Obama has warned that the massive spending plan by President Biden is raising the specter that inflation will rise and is not transitory as the administration expects.