From WSJopinion: States and cities have enjoyed a revenue high from federal pandemic relief and surging capital gains. But the buzz won’t last and the hangover could be painful.
Wonder Land: Debates between John Fetterman and Mehmet Oz in Pennsylvania, and Kathy Hochul and Lee Zeldin in New York City highlight that while voters are looking forward, the Democratic Party is still relying on Donald Trump to secure midterm results. Images: AP Composite: Mark KellyStates and cities have enjoyed a revenue high from federal pandemic relief and surging capital gains.
The March 2021 American Rescue Plan Act gave states and localities $350 billion, plus $129 billion for K-12 education and $30 billion for mass transit. The putative purpose was to help governments cope with budget shortfalls from the pandemic, but most didn’t need the extra money since their economies were quickly recovering.
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Senate Majority Leader Chuck Schumer reelected in New York - New York Amsterdam NewsU.S. Sen. Chuck Schumer was elected to a fifth term Tuesday, easily defeating a Republican political commentator, but will have to wait to learn whether he’ll be able to keep his title as Senate majority leader.
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New Justice Ketanji Brown Jackson, in dissent, issues first Supreme Court opinionNew Justice Ketanji Brown Jackson has issued her first Supreme Court opinion.
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