House Budget Backs Growth

Plus, The Editors live on video at noon today

CNBC’s Kelly Evans was talking in the Yardeni segment about the market “ignoring Washington,” and that could be part of it, but another thing that could be happening is that the markets, or at least some participants in them, are watching Washington and like what they see.

Program note: I’m planning a “live” video event—the first ever for The Editors—today at noon eastern time with

Mark Oppenheimer

of the Oppenheimer Substack. We’ll be discussing the Christian revival in Silicon Valley. Oppenheimer is professor of practice at the John C. Danforth Center on Religion and Politics at Washington University in St. Louis and is executive editor of Arc, an online journal based at the center. He’s been a religion columnist for the New York Times, a longtime teacher of nonfiction writing at Yale, and was the creator of Gatecrashers, the Tablet podcast series about Jews in the Ivy League. To listen to today’s event in real time you’ll need the Substack app, so if you haven’t already installed it, this would be a fine opportunity. I’m hoping to make the video available afterward, so if you can’t make it at noon today, don’t stress about it, but if you can make it, please do join us. It should be fun. If all goes as planned, you should get an alert or an email when the show starts.

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Press coverage of the House Budget Committee resolution released yesterday has mostly focused on the spending-cut numbers that lead toward a balanced budget — “It is the goal of this concurrent resolution to reduce mandatory spending by $2 trillion over the budget window.” Less noticed, but still noteworthy, is the language in the resolution about growth.