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With 65% of voters saying they want congress to raise the debt ceiling only with restraints on future spending. let's bring in our panel, columnists dan henninger and kim stressing and editorial board member mane. you know whacko when you see it. [laughter] in exchange for raising the debt limit, what republicans are asking for, is that whacko? >> not whatsoever,ring, paul, and joe biden knows that that as well as any of us. republicans having spent months clinting what their opening offer -- deliberating what their opening offer is going to be, and what they finally came out with this week wa...

That american consumers were spending on average an extra $750 a month. if anyone can tell us how that played out, it's the boss of the us conference board. it compiles some of the most trusted research on the american consumer as well as insights on china. steve 0dland, how did revenge spending pan out in the usa? well, coming out of covid you saw consumer balance sheets that were swollen, lots of cash provided by that savings that had happened when they couldn't spend, but also government stimulus. and you saw the spending on goods surge. now we're coming off of that and you're seeing the se...

Consumer spend it? revenge spending has certainly been seen after lockdowns in other countries. in 2021 it was estimated that american consumers were spending on average an extra $750 a month. if anyone can tell us how that played out, it's the boss of the us conference board. it compiles some of the most trusted research on the american consumer as well as insights on china. steve 0dland, how did revenge spending pan out in the usa? well, coming out of covid you saw consumer balance sheets that were swollen, lots of cash provided by that savings that had happened when they couldn't spend, but...

While the goods sector tapers off here. we're not quite back to pre—covid spending levels in the service sector, so we should see a little bit more of that continue here into this year and a normalisation. we've had lots of things contributing to inflation — the energy crisis, labour shortages. how much blame do you put on revenge spending? well, you know, when you lock it down and you're producing nothing, all supply chains collapsed for a period of time there was no supply. and so you had all this demand and all this money chasing too few goods and no services. so, you know, it's a compl...

What they expect to discover here. the strategic petroleum reserve. that committee also sent a letter to the d. c. mayor on thursday announcing an investigation into whether january 6th defendants have been mistreated in d. c. jail. meanwhile, house democrats on the oversight committee this week as the republicans to join them and announcing white nationalism and white supremacy in all its forms, including the great replacement conspiracy theory. all 20 democrats signed a letter, and all 26 republicans refused, which is, wow. and today, one day after president joe biden unveiled his 2020 for b...